Question: Feather Co. received a $2,700, 5%, 30-day note from Rusty Co. dated September 6. On September 29, Feather discounted the note at Save Bank, which

Feather Co. received a $2,700, 5%, 30-day note from Rusty Co. dated September 6. On September 29, Feather discounted the note at Save Bank, which charged a discount rate of 7%. Calculate the following:
a. Maturity value
b. Discount period
c. Bank discount
d. Proceeds

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