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A nine-year note for $3600 issued on December 1, 2016, with interest at 3% compounded quarterly is discounted on January 1, 2020, at 5.2% compounded
A nine-year note for $3600 issued on December 1, 2016, with interest at 3% compounded quarterly is discounted on January 1, 2020, at 5.2% compounded annually. What are the proceeds of the note? The proceeds of the note are $0 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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