Question: Complete the following table for this simple discount note. Use the ordinary interest method.(Use 360 days a year.Do not round intermediate calculations. Round your answers
| Complete the following table for this simple discount note. Use the ordinary interest method.(Use 360 days a year.Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
| Amount due at maturity | Discount rate | Time | Bank discount | Proceeds |
| $5,500 | 296 days | $ | $ |
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