Question: #8 Rex Corporation accepted a $6,000, 9%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex

#8 Rex Corporation accepted a $6,000, 9%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 10%. (Use Days in a year table.) a. What is the notes maturity value? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.) Maturity value $ b. What is the discount period? Discount period days c. What is the bank discount? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.) Bank discount $ d. What proceeds does Rex receive? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.) Proceeds received $

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