Question: QUESTION 2 (40 MARKS) a. Metal Bhd. has a note dated 16 December 2021 for RM5,500 with interest at 8% per annum. The term of

QUESTION 2 (40 MARKS) a. Metal Bhd. has a note

QUESTION 2 (40 MARKS) a. Metal Bhd. has a note dated 16 December 2021 for RM5,500 with interest at 8% per annum. The term of the note is three months. If the company discounts the note on 30 January 2022 at a bank that charges a discount rate of 4%, determine the maturity date, discount period, discount amount and proceeds. (15 marks)

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