Question: Solve for a simple discount note: ( Round the Bank discount to the nearest cent. ) : - Face value: $ 2 , 4 7

Solve for a simple discount note: (Round the "Bank discount" to the nearest cent.):
-Face value: $ 2,475
-Rate: 6.5%
-Time (in days): 138/360
-Maturity Value: $2,475
-Bank discount: _____

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