Q4 Find the proceeds of a $5000 7-year note bearing interest at 8% compounded quarterly discounted 2 years after the date of issue at 6% compounded monthly.

Q3: June Cleaver needs $2,000 in 7 years time so she can enroll in a review course in mathematics offered by Algonquin College. She can earn 9% compounded monthly at a small financial institution. How much must June deposit now to have $2,000 in 7 years? Q4 Find the proceeds of a $5000 7-year note bearing interest at 8% compounded quarterly discounted 2 years after the date of issue at 6% compounded monthly.