Kosch Machinery sold some equipment for $4,500 and established a promissory note requiring 7% compounded semi-annually, and due in 4 years. After 12 years, the note was sold to a finance company at a discount rate of 13.50% compounded quarterly. What are the proceeds of the sale? For full marks your answer(s) should be rounded to the nearest cent. Proceeds = $ 0.00