Promissory Notes Determine the proceeds of the sale on a 9-year interest-bearing promissory note for $5,750.00 at 7.1% compounded monthly, discounted 3 years and 9 months before its due date at a discount rate of 10.2% compounded quarterly. The proceeds of the sale are Promissory Notes Determine the proceeds of the sale on a 9-year noninterest-bearing promissory note for $1,775.00, discounted 24 months before its due date at a discount rate of 9.6% compounded quarterly. The proceeds of the sale are Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. (Round your answer to the nearest whole number.) Issue Amount Date of Sale (before maturity) Discount Rate Sale Proceeds Term of Interest Rate on Note Note 10.3% compounded 6 years annually $26,690.50 years, months 20% compounded monthly $25,225.80 Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Issue Amount Term of Interest Rate on Note Note Date of Sale (before maturity) Discount Rate Sale Proceeds % compounded $2,900.00 5 years 8.7% compounded semi-annually 11 months $3,739.93 monthly Promissory Notes Determine the proceeds of the sale on a 9-year interest-bearing promissory note for $5,750.00 at 7.1% compounded monthly, discounted 3 years and 9 months before its due date at a discount rate of 10.2% compounded quarterly. The proceeds of the sale are Promissory Notes Determine the proceeds of the sale on a 9-year noninterest-bearing promissory note for $1,775.00, discounted 24 months before its due date at a discount rate of 9.6% compounded quarterly. The proceeds of the sale are Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. (Round your answer to the nearest whole number.) Issue Amount Date of Sale (before maturity) Discount Rate Sale Proceeds Term of Interest Rate on Note Note 10.3% compounded 6 years annually $26,690.50 years, months 20% compounded monthly $25,225.80 Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Issue Amount Term of Interest Rate on Note Note Date of Sale (before maturity) Discount Rate Sale Proceeds % compounded $2,900.00 5 years 8.7% compounded semi-annually 11 months $3,739.93 monthly