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The following interest - bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 3 6 0
The following interestbearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, days, to calculate the missing information. Round dollars to the nearest cent.
Face
ValueInterest
Rate Date of
NoteTerm of
Note daysMaturity
DateMaturity
Value
in $$
June SelectJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember $ Date of
DiscountDiscount
Period daysDiscount
Rate Proceeds
in $Sept$
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