Question: Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of $1300, bearing interest at 7% compounded semi-annually, discounted

Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of $1300, bearing interest at 7% compounded semi-annually, discounted seven years later when money was worth 9% compounded quarterly.

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