The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days to calculate the missing information. Face value is $450. Interest rate is 16 .The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days to calculate the missing information. Face value is $450. Interest rate is 16 %. Date of note is June 6. Term of note days 135. What is the maturity date? What is the maturity value in dollars? The date of the discount is September 8. What is the discount. Days? The discount rate is 17.5%. What are the proceeds in dollars?