Question: 3. Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) A. Face Value Discount

3. Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) A. Face Value Discount Rate (%) Date of Note Term (days) 70 Maturity Date Bank Discount Proceeds (in $) (in $) $ $ $17,200 10 June 8 Month _day b. Face Value Discount Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $400 12.8 Sept. 5 106 Month___Day $ $ Face Value Discount Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $73,000 5 May 6 51 Month Day S S
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