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On january 26 nyree co borrowed cash from conrad bank by

Question - On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000.

a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%.

b. Determine the proceeds of the note, assuming the note is discounted at 10%.

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Accounting Basics: On january 26 nyree co borrowed cash from conrad bank by

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