tivity Take: Practice! Proceeds from Notes Payable stion 1 1 pt Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $64,800. Assume a 360-day year. Required a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. b. Determine the proceeds of the note, assuming the note is discounted at 9% Submit Answer ry Another Version