Schell Publishing received a $70,000 promissory note at 12 ordinary interest for 60 days from one of its customers After 20 days, Schell discounted the note at the bank at a discount rate of 14 5 The note was made on March 21 Show your work to these parts (1 point) What is the maturity date on the note (1 point) What is the maturity value of the note (1 point) What is the discount date of the note (2 points) What proceeds will Schell receive after discounting the note (1 point) What amount of interest did the customer pay (1 point) What amount of interest did Schell make (1 point) What amount of interest did the bank make

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Question: Schell Publishing received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers. After 20 days, Schell discounted the

Schell Publishing received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers. After 20 days, Schell discounted the note at the bank at a discount rate of 14.5%. The note was made on March 21. Show your work to these parts

(1 point) What is the maturity date on the note?

(1 point) What is the maturity value of the note?

(1 point) What is the discount date of the note?

(2 points) What proceeds will Schell receive after discounting the note?

(1 point) What amount of interest did the customer pay?

(1 point) What amount of interest did Schell make?

(1 point) What amount of interest did the bank make?

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