Find the proceeds and the maturity date of the note. The interest is ordinary or banker's interest.
Face Value Discount Rate Date Made Time (Days) Maturity Date Proceeds or Loan Amount
$2000 12 1/4% May 18 150
Find the proceeds of the note. (Round to the nearest cent as needed.) Choose the maturity date of the note. A. Oct 17 B. Oct 16 C. Oct 15