3. A loan of S5000 taken out today is to be repaid by a payment of S2000 in nine months. a payment of $2500 in two years and a final payment of S1200. If interest is 9% compounded monthly, when should the final payment be made? 4. A six year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually is discounted on March 1, 2017 at 7% compounded semi- annually? What are the proceeds of the