Question: A note dated June 5 is discounted on October 3 at 11%. the face value of the note is $960, the interest rate is 8

A note dated June 5 is discounted on October 3 at 11%. the face value of the note is $960, the interest rate is 8 1/2%, and the maturity date is November 2. find: a. the maturity value. b. the discount. c. the proceeds. d. the amount of interest earned by the first payee.

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