Question: A $10,000, 5 year promissory note dated January 1, 2020, bearing interest at 8% compounded annually is discounted on June 1, 2021 at 10% compounded

A $10,000, 5 year promissory note dated January 1, 2020, bearing

A $10,000, 5 year promissory note dated January 1, 2020, bearing interest at 8% compounded annually is discounted on June 1, 2021 at 10% compounded semi-annually. What are the proceeds of the note on June 1, 2021? 1 B I iii III 8 s! D BI Mb

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