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() Date

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 Proceeds (in ) 571.000 5 May 5 51 $ Need Help? 13. 1-/6.66 Points DETAILS BRECMBC9 10.11.012 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHE Using ordinary interest, 360 days. Calculate the bank discount (in 5) Droceeds (in), and effective rate (as a %) for the simple discount note. Round dollars to the nearest cont and round effective rate to the nearest hundredth of a percent Face Value Discount Term Rate(%) (days) Bank Discount Proceeds Effective Rate(") 56,305 10.45 5 $ Need Help? Head

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