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25. Find the proceeds of the following promissory note. A nine-year, $4100.00 note bearing interest at 5.9% compounded quarterly, issued February 1, 2003, discounted on
25. Find the proceeds of the following promissory note. A nine-year, $4100.00 note bearing interest at 5.9% compounded quarterly, issued February 1, 2003, discounted on January 1, 2007 to yield 8.2% compounded semi-annually. The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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