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PLEASE ANSWER THE QUESTION! Determine the proceeds of the sale on a 7-year interest-bearing promissory note for $5,500.00 at 6.5% compounded monthly, discounted 2 years

PLEASE ANSWER THE QUESTION!image text in transcribed

Determine the proceeds of the sale on a 7-year interest-bearing promissory note for $5,500.00 at 6.5% compounded monthly, discounted 2 years and 9 months before its due date at a discount rate of 9.9% compounded quarterly. The proceeds of the sale are

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