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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 1 1 % . Use the ordinary interest method.

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.
\table[[\table[[Face value],[(principal)]],\table[[Rate of],[interest]],\table[[Length of],[note]],\table[[Maturity],[value]],\table[[Date of],[note]],\table[[Date note],[discounted]],\table[[Discount],[period]],Bank discount],[$20,600,11%,50 days,,May 3,June 6,,]]
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