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Juan issues a note of P 6 , 6 0 0 due on 3 years and 9 months at a rate of 3 % ,

Juan issues a note of P6,600 due on 3 years and 9 months at a rate of 3%, and P15,000 due on 5 years at a rate of 31/2% compounded monthly. The lender sells the note to a bank at 5% simple discount 3 years before the maturity date, what are the proceeds?

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