Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Roni Lockard signed at $27,500 simple discount promissory note at a certain bank. The discount rate was 13%, and the note was made on February 19 (not in leap-year) for 116 days.

Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest Roni Lockard signed a $27,500 simple discount promissory note at a certain bank. The discount rate wa 19 (not in a leap-year) for 116 days. (a) What proceeds (in $) will Roni receive on the note? (b) What is the maturity date of the note? Select