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Find the proceeds of a $2385.17, 7-year note bearing interest at 2.7% compounded monthly, discounted 3 years after the date of issue at 3.4% compounded
Find the proceeds of a $2385.17, 7-year note bearing interest at 2.7% compounded monthly, discounted 3 years after the date of issue at 3.4% compounded annually. The proceeds are $7. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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