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Required information [The following information applies to the questions displayed below) On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its

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Required information [The following information applies to the questions displayed below) On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $195,100. The Interest rate charged by the bank was 7.25%. The bank made the loan on a discount basis. Required: a-1. Calculate the loan proceeds made available to Powell, $168.027 Loan proces

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