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descriptors are provided below for six situations. Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case,

descriptors are provided below for six situations. image text in transcribed
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2021, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. (Do not round Intermediate calculations. Round your final answers to the nearest whole doltar.) Note Discount Rate 8% Proceeds Received 1 8% 2 3 4 5 Note Face Value Date of Note $ 80,000 3/31/2021 80,000 3/31/2021 80,000 3/31/2021 90.000 6/30/2021 90,000 6/30/2021 90,000 6/30/2021 Interest Date Rate Discounted 6% 6/30/2021 6% 9/30/2021 0% 9/30/2021 10/31/2021 4% 10/31/2021 11/30/2021 10% 8% 10% 8% 0

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