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Find the proceeds of a non-interest-bearing promissory note for $75,000 discounted 42 months before maturity at 6.5% compounded semi-annually. The present value is $ (Round

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Find the proceeds of a non-interest-bearing promissory note for $75,000 discounted 42 months before maturity at 6.5% compounded semi-annually. The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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