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Determine the proceeds of the note

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Question - On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $93,600. Assume a 360-day year. Determine the proceeds of the note, assuming the note is discounted at 9%.

Reference no: EM133078094

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Determine the proceeds of the note : On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $93,600. Determine the proceeds of the note
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