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

Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Discount Date of Term Maturity Bank Discount Proceeds Value Rate (%) Note (days) Date (in $) (in $) $71,000 in in May 3 -Select--- v
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