An individual purchased a 3-year, $10,000 promissory note with an interest rate of 3.5%/year compounded semiannually. How much did the note cost? (Round your answer to the nearest cent.) $ 1,097.03 X Need Help? Read It Watch It [0/1 Points) DETAILS PREVIOUS ANSWERS TANFIN125.1.055. MY NOTES PRACTICE ANOTHER Find how much money should be deposited in a bank paying interest at the rate of 3.5%/year compounded quarterly so that at the end of 2 years, the accumulated amount will be $50,000. (Round your answer to the nearest cent.) $ 46,675.53 x