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 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 $)
$700 12.5 Sept. 8 106 ---Select--- January February March April May June July August September October November December $ $

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