Question: A five-year note for $2096.69 issued on June 1, 2014, with interest at 4.3% compounded annually is discounted on March 1, 2017, at 6.3% compounded

A five-year note for $2096.69 issued on June 1, 2014, with interest at 4.3% compounded annually is discounted on March 1, 2017, at 6.3% compounded semi-annually. What are the proceeds of the note? The proceeds of the note are $7. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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