I figured out b. but I can figure out a.

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 $37,200, Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 5%. 310 X b. Determine the proceeds of the note, assuming the note is discounted at 5%. 36,890