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A 5-year note for $4,000.00 bearing interest at 12% pa compounded monthly is discounted 2 years before the due date at 14% pa compounded quarterly.

A 5-year note for $4,000.00 bearing interest at 12% pa compounded monthly is discounted 2 years before the due date at 14% pa compounded quarterly. Determine the proceeds of the note.

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