Proceeds from notes payable

On January $26,$ Nyree Co$.$ borrowed cash from Conrad Bank by issuing a $90-$day note with a face amount of $$78,000.$ Assume $360$ days in a year.

a$.$ Determine the proceeds of the note, assuming the note carries an interest rate of $9\%.$

$5$

b$.$ Determine the proceeds of the note, assuming the note is discounted at $9\%.$