Question: Find the discount and proceeds on a $3,240 face-value note for nine months if the discount rate is 9.5 %. (Use the banker's rule.) The

Find the discount and proceeds on a $3,240 face-value note for nine months if the discount rate is 9.5 %. (Use the banker's rule.)

The discount is?

The proceeds are ?

(Round to the nearest cent as needed.)

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