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Annamarie Weymeyer held a $3,750, 120-day, non-interest-bearing note dated July 24. On Aug

Annamarie Weymeyer held a $3,750, 120-day, non-interest-bearing note dated July 24. On Aug

Annamarie Weymeyer held a $3,750, 120-day, non-interest-bearing note dated July 24. On August 16, she took the note to First Bank of the Plains which discounted the note at 10%. Use a 365-day year to find the missing information on the loan. Round your answers to two decimal places, if necessary.

Interest Amount: $0  
Maturity Value: $ ______  
Maturity Date: SelectNov. 19Nov,. 20Nov., 21, or Nov. 22  
Days of Discount: _______ days
Discount Amount: $ ________  
Proceeds: $________  

Compute the missing information to discount the following promissory note. Use a 360-day year for all interest and discount calculations.

On September 10, Joe Morrison Financial Services bought a $17,000 promissory note. The note had been written on August 2, was for 105 days, and had an interest rate of 7%. Joe's company discounted the note at 11%. Round dollar amounts to the nearest cent.

Interest amount $____
Maturity value $____
Maturity date -Select-Nov. 15, Dec. 28, Dec. 15, or Nov. 28
Days of discount _____
Discount amount $_____
Proceeds $_____
Abhinav 02-Dec-2019

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