Proceeds from notes payable On January 2 6 , Nyree Co . borrowed cash from Conrad Bank
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Question:
Proceeds from notes payable
On January Nyree Co borrowed cash from Conrad Bank by issuing a day note with a face amount of $ Assume days in a year.
a Determine the proceeds of the note, assuming the note carries an interest rate of
$
b Determine the proceeds of the note, assuming the note is discounted at
$
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