1 .		Mary Ellen makes a simple discount note with a face value of $3,500, a term of 180 days, and a 14% discount rate. Find the discount. Use the Banker's Rule.    $241.64   $3,258.36   $234.67   $245.00
2 .		Find the proceeds from the loan in problem 1.    $234.67   $3,255.00   $3,258.36   $5178
3 .		A discount note of $2,000 with a simple annual discount rate of 14% was made on June 14 and was due on August 14. Find the discount using ordinary time.    $47.44   $46.03   $46.67   $46.79
4 .		Find the discount on a $2,350 face-value note for six months if the discount rate is 7.2%.    $8.46   $84.60   $169.20   $42.30
5 .		Find the proceeds on a third party discount note of $3,200 at 8% exact interest and exact time. It was made on March 18 and is due November 13. The note is sold to a bank on June 13 at a discount rate of 14% annually using the banker's rule. Find the proceeds on the note.    $3,368.33   $200.42   $3,167.91   $2,999.58