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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

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). image text in transcribed
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le for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest hod. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Face value (principal 45,500 Rate of Interest 12% Length of note Maturity value Date of note March 17 Discount period Date note discounted April 9 Bank discount Proceeds 95 days days TABLE 7.1 Exact days-in-a-year calendar (excluding leap year Day of month 31 Jan. 28 Feb. 31 Mar. 30 Apr. 31 May 30 June 31 July 31 Aug 30 Sept. 31 Oct. 30 Nov. 31 Dec. 182 244 1 335 1 2 3 32 33 34 91 92 93 94 95 121 122 123 124 183 194 60 61 62 63 64 65 66 152 153 154 155 156 157 213 214 215 216 245 246 247 4 4 274 215 276 277 278 279 280 135 5 305 306 307 308 309 310 311 312 313 125 126 6 6 186 187 188 96 7 7 8 35 36 37 38 39 40 41 42 43 97 98 8 127 128 129 130 189 190 9 99 67 68 69 70 71 10 11 12 13 336 357 338 339 340 341 342 343 344 345 345 347 348 329 10 11 12 13 14 314 315 316 100 101 102 103 104 105 106 107 248 249 250 251 252 253 254 255 256 257 258 259 260 261 131 132 133 134 135 136 137 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 45 281 282 283 284 285 286 287 288 289 290 291 317 318 319 320 321 350 351 15 16 17 18 19 20 21 46 47 48 49 SO 15 16 17 18 19 20 21 22 352 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 219 200 241 212 243 322 323 72 73 74 75 76 77 78 79 80 81 82 83 84 85 36 87 - 262 138 139 140 141 142 143 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 20B 209 210 211 212 374 325 326 353 354 355 355 357 174 51 52 53 54 55 56 57 58 59 23 24 25 108 109 110 111 112 113 114 115 116 117 118 119 120 23 24 25 26 27 28 29 144 145 292 293 294 295 296 297 298 299 300 301 263 264 265 266 267 268 260 270 271 212 213 146 360 175 176 177 178 179 180 181 38 379 330 331 362 333 354 27 28 147 148 149 150 151 88 302 363 364 30 31 89 90 303 304 31 Tendanced

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