Question: Rex Corporation accepted a $ 4 , 0 0 0 , 6 % , 1 2 0 - day note dated August 8 from Regis

Rex Corporation accepted a $4,000,6%,120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 7%.(Use Days in a year table.)
a. What is the note's maturity value?
Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.
b. What is the discount period?
Discount period
Rex Corporation accepted a $4,000,6%,120-day note dated August 8 from Regis

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