Question: April Co. received a $30,000, 4%, 60-day note from Lucky Co. dated August 6. On August 30 Lucky discounted the note at Better Bank, which

April Co. received a $30,000, 4%, 60-day note from Lucky Co. dated August 6. On August 30 Lucky discounted the note at Better Bank, which charged a discount rate of 5%. Calculate the following:
a. Maturity value
b. Discount period
c. Bank discount
d. Proceeds

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