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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 11%. Use the ordinary interest method. (Use Days in
Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 11%. Use the ordinary interest method. (Use Days in a year table) Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Face value (principal) Rate of interest Length of note Maturity value Date of note i $ 50.300 10% 100 days July 13 Date note discounted August 3 Discount period Bank discount Proceeds days
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