Question: Proceeds from Notes Payable On January 26 , Vibrant Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of

Proceeds from Notes Payable On January 26 , Vibrant Co. borrowed

Proceeds from Notes Payable On January 26 , Vibrant Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $73,200. Assume a 360 -day year. 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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Make sure that any incoming e-mail is routed to the right department.

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