The following interest-bearing promissory notes were discounted at a bank by the payee before maturity. Use the ordinary interest method, 360 days, to calculate the missing information. Face Interest Date of Term of Maturity Maturity Date of Discount Discount Value Rate (%) Note Note (days) Date Value Discount Period (days) Rate (%) Proceeds 19. $8,000 9 May 10 90 July 5 10.2

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