Question: Marina signed a simple discount note on September 1. The discount rate on the note is 4.7%and has a maturity date of December 31. If

Marina signed a simple discount note on September 1. The discount rate on the note is 4.7%and has a maturity date of December 31. If the proceeds of the note are $12, 000, find the face value. (Use the banker's method which uses 360 days in a year.) $12, 192.61

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