Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%.
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Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. (Use table value.) (Use 360 days a year. Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.)
| Face value(principal) | Rate ofinterest | Length ofnote | Maturityvalue | Date ofnote | Date notediscounted | Discountperiod | Bankdiscount | Proceeds |
| ? ?$45,000 | ? ? ? 11% | ? 75 days | $ | ? June 19 | ? ? July 29 | days | $ | $ ?? |
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