Posted by **Felicia** on Tuesday, August 21, 2012 at 7:11pm.

The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds.

Date loan was made: March 15

Face Value: $6000

Length of Loan: 75 days

Rate: 6%

Date of Discount: April 5

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