Find the proceeds of the promissory note

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Find the proceeds of the following promissory note. An eight?-year promissory note dated April ?1, 2014?, with a face value of ?$5200.00 bearing interest 4.8?% compounded annually?, discounted three years later when money was worth 5.8% compounded semi annually

The proceeds of the note are ?$.

?(Round to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

Reference no: EM131826390

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