I know this is a chicken forum, but my son is in need of some serious help with this math question. We have looked and searched and looked and searched and still can't figure out how to do this problem. HELP! Here's the question: An investment company owns a 10-year, 6% simple interest note that has a face value of $50,000. A bank agrees to purchase the note 3 years before it is due by discounting it at 9%. Find (A) the maturity value of the note, (B) the discount, and (C) the proceeds. We are not necessarily looking for the answers, but would love someone to help show us the correct formula here. I honestly don't understand where this question even comes into play in his business math course. There isn't one place in his book that even explains this. Thank you!