Check my wor Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. (Use Days in a year table.) (Do not round...


Check my wor<br>Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest<br>method. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.)<br>Face value<br>Rate of<br>Length of<br>note<br>Date note<br>(principal)<br>$26, 300<br>interest<br>Maturity value<br>Date of note<br>discounted<br>9%<br>65 days<br>Discount period<br>Bank discount<br>Proceeds<br>March 17<br>April 20<br>days<br>24<br>$4<br>< Prev<br>3 of 10<br>Next ><br>hp<br>

Extracted text: Check my wor Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. Use the ordinary interest method. (Use Days in a year table.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Face value Rate of Length of note Date note (principal) $26, 300 interest Maturity value Date of note discounted 9% 65 days Discount period Bank discount Proceeds March 17 April 20 days 24 $4 < prev="" 3="" of="" 10="" next=""> hp

Jun 11, 2022
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