Proceeds from Notes Payable On January 26 Bella Co borrowed cash from Conrad Bank by issuing a 120 day note with a face amount

Question

Proceeds from Notes Payable On January 26 Bella Co borrowed cash from Conrad Bank by issuing a 120 day note with a face amount of 72 000 Assume a 360 day year a Determine the proceeds of the note assuming the note carries an interest rate of 8 b Determine the proceeds of the note assuming the note is discounted at 8 A

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