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Some assistance please On January 26 , Vibrant Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $92,400.

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On January 26 , Vibrant Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $92,400. Assume a 360 -day year. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. Determine the proceeds of the note, assuming the note is discounted at 7%. X

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