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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 $190,200. The Interest rate charged by the bank was 4.75%. The bank made the loan on a discount basis. equired: 1. Calculate the loan proceeds made available to Powell Lo roceeds

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