Question: 1. Three years, five months before its due date, a five-year note for $4406.23 bearing interest at 3.3% compounded semi-annually is discounted at 4% compounded

1. Three years, five months before its due date, a five-year note for $4406.23 bearing interest at 3.3% compounded semi-annually is discounted at 4% compounded quarterly. Find the compound discount.

The compound discount is $_______ (round to nearest cent).

2. Find the proceeds of a promissory note with a maturity value of $2100 due on September 30, 2025, discounted at 3.9% compounded monthly on April 30, 2022.

The proceeds are $________ (round to nearest cent).

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