Question: Proceeds from Nates Payable On May 15, Franklin Co, borrowed cash from Dakota Bank by lissying a 90-day note with a face amount of (

Proceeds from Nates Payable On May 15, Franklin Co, borrowed cash from Dakota Bank by lissying a 90-day note with a face amount of \$ \\$ 75,600 \$, Assume a 360 -day year Required: a. Determine the proceeds of the note, assuming that the note carries an interest rate of \0. b. Determine the proceeds of the note, assuming that the note is discounted at \9

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