Question: Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%)

Using ordinary interest, 360 days, calculate the missing information for the

Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $77,000 5 May 6 52 Select--- v $ $

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