A person signed a 210-day simple discount note with a face

Last updated: 7/27/2022

A person signed a 210-day simple discount note with a face value of $10,000 and a rate of 14% on Feb. 19. The lender sells the note at a discount of 13% on July 20. Find the proceeds of the original note, the discount period, the discount, and the proceeds at the sale of the note on July 20. Use banker's interest of 360 days. Click the icon to view the Number of Each of the Days of the Year table. The proceeds of the original note are $ ___(Round to the nearest cent.) The discount period is_____days. The discount is $ ___(Round to the nearest cent.) The proceeds of the sale of the note on July 20 are $ _____