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seven years and two months after it date of issue, an 11 year promissory note for $8200.00 bearing interest at 13.5% compounded monthly is discounted
seven years and two months after it date of issue, an 11 year promissory note for $8200.00 bearing interest at 13.5% compounded monthly is discounted at 10.5% compounded semi-annually. Find the proceeds of the note.
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