Question: Using ordinary interest, 3 6 0 days, calculate the missing information for the simple discount note. ( Round dollars to the nearest cent. ) Face

Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.)
Face
ValueDiscount
Rate (%)Date of
NoteTerm
(days)Maturity
DateBank Discount
(in $)Proceeds
(in $)$40012.5Sept. 5106---Select---JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember $ $

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