19. [-/2 Points]
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BRECMBC9 10.111.004.
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Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary interest method, 360 days, when applicable. (Round your answers to the nearest cent.)
Face Value Discount Rate (%)
Term
Bank Discount
$55,000
9.25
11 months $
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Proceeds
PRACTICE ANOTHER