1. Find the proceeds of a non-interest-bearing promissory note for $5706.83, discounted 50 months before its due date at 5% compounded annually.

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

2. Find the proceeds of a $2211.82, 9.5-year note bearing interest at 1.7% compounded semi-annually, discounted 4.5 years after the date of issue at 5.3% compounded quarterly.

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