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 $$88,800.$ Assume $360$ days in a year.

a$.$ Determine the proceeds of the note, assuming the note carries an interest rate of $10\%.$

fill in the blank $1$ of $2$$

b$.$ Determine the proceeds of the note, assuming the note is discounted at $10\%.$

fill in the blank $2$ of $2$$