What is the discount and the proceeds for the following discounted notes?

Business & Finance
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What is the discount and the proceeds for the following discounted notes; Face value $18,000,  Discount rate 12%, Time 80 days, 

Dec 5th, 2015

Thank you for the opportunity to help you with your question!

The discount is 18000*.12 *80/360= 2160* 80/360 = 480 

the proceed is   18000-480 = 17520 

Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 5th, 2015

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