.. Maturity value minus the discount amount is called the a. discount. b. proceeds. c. principal d. maturity value. 16. For the following notes, calculate the due date. Date of Note Term of Note Due Date 1. April 15 88 days 2. March 22 3 months 3. July 11 110 days 17. A 100-day note with a face amount of $35,000 and interest rate of 8% is issued on June 1. Required: 1.Compute the following using a 360-day year: a. Maturity value of the note $ b. Maturity date c. Interest $_ 2.The note is discounted on July 1. The bank discount rate is 12%. Compute the following: a. Number of days in the discount period b. Discount amount $ c. Proceeds $_