Find the proceeds of the following promissory note. An eight​-year promissory note dated November 1,2015​, with a face value of ​$4000.00 bearing interest at 5.7​% compounded quarterly​, discounted two years later when money was worth 1.9​% compounded semi-annually

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the proceeds of the following

promissory note.

An eight​-year promissory note dated

November 1,2015​, with a face value of

​$4000.00 bearing interest at 5.7​%

compounded quarterly​, discounted

two years later when money was worth

1.9​% compounded semi-annually.

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