Find the discount and proceeds on a $67,720.00 face-value note for 100 days if the discount rate is 9.75%.
◦ Discount = $1834.08
Proceeds = $65,885.92
◦ Discount = $6602.70
Proceeds = $61,117.30
◦ Discount = $1808.96
Proceeds = $65,911.04
◦ Discount = $0.00
Proceeds = $67,720.00