On May 15, Franklin Ca. borrowed cash from Dakota Bank by issuing a 120-day note with a face amount of $4,000. Assume a 360 -day year. Requiredt a. Determine the proceeds of the note, assuming that the note carties an interest rate of 9%. b. Determine the proceeds of the note, assuming that the note is discounted at 9%. 3 x fowbect 7 Cheak 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