Question $6$ of $15$

Jesse purchased a $90-$day interest$-$bearing note at $4\mathrm{.}90\%$ p$.$a$.$ that has a face value of $$5,000\mathrm{.}00.$

a$.$ If he holds the note for the full $90$ days, calculate the maturity value of the note.

Round to the nearest cent

b$.$ If the note is discounted $29$ days from maturity at a rate of $5\mathrm{.}70\%$ p$.$a$.,$ calculate his proceeds.

Round to the nearest cent