Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of

Question:

Find the proceeds of a ten-year promissory note dated April 1, 2013, with a of $1300, bearing interest at 7% compounded semi-annually, discounted seven years later when money was worth 9% compounded quarterly.
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...