Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.)
$\begin{array}{|l|l|l|l|l|l|l|l|}
\hline& \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 50,000 & 12 \% & 120 \text { days } & \text { A } & \text { Apr } 5 & \text { May } 20 & \text { B } & \text { C }\
\hline
\end{array}$

Question

Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.)
 $\begin{array}{|l|l|l|l|l|l|l|l|} 
\hline& \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 50,000 & 12 \% & 120 \text { days } & \text { A } & \text { Apr } 5 & \text { May } 20 & \text { B } & \text { C }\
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.)
 $\begin{array}{|l|l|l|l|l|l|l|l|} 
\hline& \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \
\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \
\hline \$ 50,000 & 12 \% & 120 \text { days } & \text { A } & \text { Apr } 5 & \text { May } 20 & \text { B } & \text { C }\
\hline
\end{array}$

Complete the Following for This Interest-Bearing Note That Is Discounted