Question: On February 1, Electronic Warehouse Co. issued a 30-day note with a face amount of $50,000 to Yamura Products Co. for cash. a. Determine the

On February 1, Electronic Warehouse Co. issued a 30-day note with a face amount of $50,000 to Yamura Products Co. for cash.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%.
b. Determine the proceeds of the note, assuming the note is discounted at 6%.

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