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Find the proceeds of the following promissory note. A five-year promissory note dated May 1, 2014, with a face value of $2300.00 bearing interest at

Find the proceeds of the following promissory note.

A

five-year

promissory note dated

May

1,

2014,

with a face value of

$2300.00

bearing interest at

5.9%

compounded

annually,

discounted

three

years

later when money was worth

4.2%

compounded

monthly.

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