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Find the proceeds of the following promissory note. A nine-year, $2100.00 note bearing interest at 4.1% compounded monthly, issued October 1, 2002, discounted on October
Find the proceeds of the following promissory note. A nine-year, $2100.00 note bearing interest at 4.1% compounded monthly, issued October 1, 2002, discounted on October 1, 2008 to yield 2.6% compounded annually. The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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