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A non-interest bearing promissory note has a face value of $950. Find the proceeds of this note if it is discounted 3 years before its

A non-interest bearing promissory note has a face value of $950. Find the proceeds of this note if it is discounted 3 years before its maturity date at 8% compounded quarterly.

A. $719.98 B. $771.65 C. $725.67 D. $657.22 E. none of the above

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