Question: Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 8%. Use the ordinary interest method. (Use Days in

Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 8%. Use the ordinary interest method. (Use Days in a year table.) Note: Do not round intermediate calculations. Round your final answers to the nearest cent Face value (principal): $57,900 Rate of interest: 10% Length of note: 90 days Maturity Value = $59,347.50 Date of note: April 15 Date note discounted: May 2 . Discount Period days:? Bank Discount:? Proceeds

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