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6 points On August 1, Primary Co. took out a 60-day loan with a face about of $140,000. Assume a 360-day year. A. Determine the

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6 points On August 1, Primary Co. took out a 60-day loan with a face about of $140,000. Assume a 360-day year. A. Determine the proceeds of the loan assuming it's an interest-bearing note with a rate of 6%. B. Determine the proceeds of the loan assuming it's a discounted note with a discount rate 6%

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