Marina signed a simple discount note on September 1. The discount rate on the note is 4.7% and has a maturity date of
December 31. If the proceeds of the note are $12,000, find the face value. (Use the banker's method which uses 360 days in a
year.)
$12, 581.09
$12,975.08
$11,987.91
$12, 192.61
