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Find the proceeds and the compound discount for the long-term promissory note shown in the table below. Note that this is a non-interest-bearing promissory note.
Find the proceeds and the compound discount for the long-term promissory note shown in the table below. Note that this is a non-interest-bearing promissory note. Term Face Date of issue Value $750.0001-11-2009 Date of Discount 01-12-2011 Discount Rate 6% Frequency of Conversion monthly 6 years The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The compound discount is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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