Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of $8\%.$ 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.

$\backslash$table$[[\backslash$table$[[$Face value$],[($principal$)]],\backslash$table$[[$Rate of$],[$interest$]],\backslash$table$[[$Length of$],[$note$]],\backslash$table$[[$Maturity$],[$value$]],\backslash$table$[[$Date of$],[$note$]],\backslash$table$[[$Date note$],[$discounted$]],$Discount period,Bank discount,Proceeds$],[48,750,9\%,85$ days,,February $16,$March $7,$days,,$]]$