Question: Problem: Promissory Notes Discounting Simple Interest Note before Maturity Date Term Face Interest Maturity Maturity Date of Discount Discount of of Proceeds Value Rate Date

Problem: Promissory Notes Discounting Simple Interest Note before Maturity Date Term Face Interest Maturity Maturity Date of Discount Discount of of Proceeds Value Rate Date Value Discount period Rate Note Note Dec. 50 40,000 10.4% Jan. 19 15% 12 days June 69 55,000 13 %% July 22 13.7% 17 days Find the Maturity Date, Maturity Value, Discount Period and Proceeds. Show your solution

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