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On January 26, Bella Co, borrowed cash from Conrad Bank by issuing a 30-day note...

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Accounting

On January 26, Bella Co, borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $66,000. Assume a 360-day year.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%.
$
b. Determine the proceeds of the note, assuming the note is discounted at 7%.
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