Question: A person signed a 120 day simple discount note with a face value of $11,000 and a rate of 15% on June 27. The londer

 A person signed a 120 day simple discount note with a
face value of $11,000 and a rate of 15% on June 27.

A person signed a 120 day simple discount note with a face value of $11,000 and a rate of 15% on June 27. The londer sells the note at a discount of 14% on Aug 3. Find the proceeds of the original note, the discount period, the discount, and the proceeds at the sale of the note on Aug 3. Use banker's interest of 360 days Click the icon to view the Number of Each of the Days of the Year table The proceeds of the original note are (Round to the nearest cent) The discount period is days. The discount is $. (Round to the nearest cent.) The proceeds of the sale of the note on Aug. 3 are $ Enter your answer in each of the answer boxes

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