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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. Do not round

Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. Do not round intermediate calculations. Round your final answers to the nearest cent.

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(Principle)

Rate of Interest Length of note Maturity Value Date of note Date note discounted Discount period Bank discount Proceeds
$50,000 11% 95 days June 10 July 18

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