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1 Need this done asap. Thanks in advance! Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a

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Need this done asap. Thanks in advance!

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Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $46,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. b. Determine the proceeds of the note, assuming the note is discounted at 8%

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