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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 1 0 % . Use the ordinary interest method.

Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 10%. Use the ordinary interest method. (Use Days in a year table.)(Use 360 days a year. Do not round intermediate calculations. Round your final answers to the nearest cent.)
Principal 48800
rate of interest 12%
length 90 days
date of note January 15-February 4th
Find Maturity value
discount period
bank discount and proceeds

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