Question: A five-year note for $4800 issued on October 1, 2017, with interest at 2% compounded annually is discounted on April 1, 2020, at 4% compounded

A five-year note for $4800 issued on October 1, 2017, with interest at 2% compounded annually is discounted on April 1, 2020, at 4% compounded quarterly. What are the proceeds of the note?

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