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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
Value Interest
Rate Date of
Note Term of
Note days Maturity
Date Maturity
Value
in $
$
June
Select
$
Date of
Discount Discount
Period days Discount
Rate Proceeds
in $
Sept.
$
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