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help! On May 15, Frankin Co. Borrowed cash from Dakota Bank by issuing a 120 -day note with a face amount of 545,600 . Assurne

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On May 15, Frankin Co. Borrowed cash from Dakota Bank by issuing a 120 -day note with a face amount of 545,600 . Assurne a 160 -day year Requiredt a. Determine the preceeds of the note, astuming that the note carries an interest rate of 60W. b. Determine the procecds of the note. assiming that the note is discounted at 6 . 6

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