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please assist ill like if correct Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 120-day note

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Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $42,000. Assume a 360 -day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. x b. Determine the proceeds of the note, assuming the note is discounted at 10%. x

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