Description...

Help Save & Exit Check my w Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2018, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Note Note Face Date of Note Interest Date Discount Proceeds Value Rate Discounted Rate Received EA 60,000 3/31/2018 8% 6/30/2018 10% 60,000 3/31/2018 8% 9/30/2018 10% 60,000 3/31/2018 8% 9/30/2018 12% 120,000 6/30/2018 5% 10/31/2018 10% LO 120,000 6/30/2018 5% 10/31/2018 12% CO 120,000 6/30/2018 5% 11/30/2018 10%