Question: Rex Corporation accepted a $15,500,7%,120-day note dated August 8 from Regis Company in settiement of a past bill. On October 11 , Rex discounted the

Rex Corporation accepted a $15,500,7%,120-day note dated August 8 from Regis Company in settiement of a past bill. On October 11 , Rex discounted the note at Park Bank at 8%. (Use Days in a year table.) a. What is the note's maturity value? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.) b. What is the discount period? c. What is the bank discount? (Use 360 days a yeat. Do not round intermediate calculations. Round your final answer to the nearest cent.) c. What is the bank discount? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.) d. What proceeds does Rex recelve? (Use 360 days a yoar. Do not round intermediate calculations. Round your final answer to the nearest cent.)

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