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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 7%. 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 7%. Use the ordinary interest method. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Answer is complete but not entirely correct. Length of Proceeds Face value (principal) $ 20,500 Rate of interest 11% note Maturity value 20,969.79 Date of note July 13 Date note discounted August 3 Discount period 54 an d discount 2,201.83 $ $ 18,767.96 75 days $

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