Question: A nine-year note for $3200 issued on July 1, 2016, with interest at 5% compounded annually is discounted on April 1, 2018, at 2.1% compounded

A nine-year note for $3200 issued on July 1, 2016, with interest at 5% compounded annually is discounted on April 1, 2018, at 2.1% compounded quarterly. What are the proceeds of the note?

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