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Proceeds from notes payable On January 26, Nyree Co. borrowed cash from Conrad Bank by...

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Proceeds from notes payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 30 -day note with a face amount of $63,600. Assume 360 days in a year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 5%. $ b. Determine the proceeds of the note, assuming the note is discounted at 5%

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