On January 26, Nyree Co, borrowed cash from Conrad Bank by issuing a 90 -day notte with a face amount of $69,600. Assume 360 days in a yeat, Determine the proceeds of the note, assuming the note carries an interest rate of 6%. x Determine the proceeds of the note, assuming the note is discounted at 6%. x Fercoad T Check My Work The proceeds equal the cash initially recelved, Proceeds represents how much in value the borrower is walking away with in cash or merchandise