Question: Proceeds from Notes Payable On lanuary 2 6 , Nowa Co . borecend cash from Coorad Bank by ispuing a 9 0 - day nobe

Proceeds from Notes Payable
On lanuary 26, Nowa Co. borecend cash from Coorad Bank by ispuing a 90-day nobe wibh a foce amount of $52,800, Aatume a 369-day year,
Detsermine the proceeds of the note, assuming the note carries an interest rate of 5%.
b. Determine the proceeds of the noth, assuming the nobe lis discounted at 5%.
Proceeds from Notes Payable On lanuary 26, Nowa Co. borecend cash

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