5. A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in Thailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the...

Please do it on an excel sheet so i can see how to do it

Extracted text: 5. A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in Thailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the effective interest rate.