A First City Bank accepted a $3,500, 5%, 120-day note dated August 8 from a Capstone Company in settlement of a past bill. On October 11, First City discounted the note at Park Bank at 6%.

a. What is the note’s maturity value? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.)
b. What is the discount period?
c. What is the bank discount? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.)
d.
What proceeds does First City receive? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.)