A nine-year note for

$4400

issued on March 1,2015 , with interest at

4.9%

compounded quarterly is discounted on February 1,2017, at

8.4%

compounded monthly. What are the proceeds of the note?\ The proceeds of the note are

$

\ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

A nine-year note for $4400 issued on March 1,2015 , with interest at 4.9% compounded quarterly is discounted on February 1,2017 , at 8.4% compounded monthly. What are the proceeds of the note? The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)