The initial date of a note is February 11. If the interest is due ...

[beccaep]

The initial date of a note is February 11. If the interest is due on August 30, there are 120 days from the initial date of the note to the day the interest is due. Assume a nonleap year.
  Indicate whether the statement is true or false

Question 2

To calculate a bank discount, divide the maturity value by the discount percent.
  Indicate whether the statement is true or false

[Ddddd]

Answer to Question 1

FALSE

Answer to Question 2

FALSE

[beccaep]

Thanks for the timely response, appreciate it

[Sarahjh]

Excellent