1. Compute the discounted value of $5873.12 due in four years, nine months if money is worth 5% compounded quarterly.

The discounted value is $_________ (round to nearest cent).

2. A ten-year note for $1000 bearing interest at 6% compounded monthly is discounted at 8% compounded quarterly three years, ten months after the date of issue. Find the proceeds of the note.

The proceeds are $________ (round to nearest cent).