7. Tess borrowed a certain sum from Jack on Jan. 8, 1980 and signed a note promising to pay him a total of P10,000 at the end of 5 years. Jack sells this note to Ivan on Jan. 8, 1982. a) If Ivan insists on discounting the note at 4% compounded quarterly, what will he pay for the note? b) b) If Tess gets permission to delay her payment until Jan. 1, 1988, under the assumption that money is worth (5%, m = 2) after the note matures. What final payment is Tess required to make