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. (Round dollars to the nearest cent.) Face Interest Value Rate (%) $1,210 7.1 Date of Note Sept. 17 Date of Discount Dec. 10 Term of Note (days) 130 Discount Period (days) Maturity Date ---Select--- Discount Rate (%) 11.9 $ $ Maturity Value (in $) Proceeds (in $)

The following interest-bearing promissory note was discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calcutate the missing information. (Round dollars to the nearest cent.)