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An eight year note for $3700 issued on November 1, 2015, with interest at 5.8% compounded annually is discounted on September 1, 2016, at 8.9%

An eight year note for $3700 issued on November 1, 2015, with interest at 5.8% compounded annually is discounted on September 1, 2016, at 8.9% compounded semi-annually.

What are the proceeds of the note?

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