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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. (Use Days in

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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. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Face value (principal) 50,000 Rate of interest 11% Length of note Maturity value Bank discount Date of note June 10 Discount period Proceeds Date note discounted July 18 9 days S ces TABLE 7-11 Exact days-th-a-year calendar (excluding leap year Day of month 21 Jan 31 May Apr. June 31 July 91 | -- 182 183 184 3 215 -- - CE wuuu & Su S2622 - -- - - - --

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