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Business, 25.01.2020 02:31 mathbrain58

Proceeds from notes payable on january 26, nyree co. borrowed cash from conrad bank by issuing a 45-day note with a face amount of $150,000. assume a 360-day year. required:

(a) determine the proceeds of the note, assuming that the note carries an interest rate of 10%.
(b) determine the proceeds of the note, assuming that the note is discounted at 10%.

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Proceeds from notes payable on january 26, nyree co. borrowed cash from conrad bank by issuing a 45-...
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