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q1 A 8-year promissory note for $6,533 dated today bearing interest at 4% compounded quarterly is discounted four years after the date of issue at
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A 8-year promissory note for $6,533 dated today bearing interest at 4% compounded quarterly is discounted four years after the date of issue at 5% compounded semi-annually. What are the proceeds of the note? Please express your answer to the nearest dollar. Sample input: 2456 for $2456. You do NOT need to count days.
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