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  3. 3. using ordinary interest, 360 days, calculate th

3. Using ordinary interest, 360 days, calculate the missing information for the simple discount note....

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3. Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) A. Face Value Discount Rate (%) Date of Note Term (days) 70 Maturity Date Bank Discount Proceeds (in $) (in $) $ $ $17,200 10 June 8 Month _day b. Face Value Discount Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $400 12.8 Sept. 5 106 Month___Day $ $ Face Value Discount Rate (%) Date of Note Term (days) Maturity Date Bank Discount (in $) Proceeds (in $) $73,000 5 May 6 51 Month Day S S

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