Question: A six-year note for $2300 issued on October 1, 2015, with interest at 4.9% compounded quarterly is discounted on September 1, 2018, at 8.6% compounded

A six-year note for $2300 issued on October 1, 2015, with

A six-year note for $2300 issued on October 1, 2015, with interest at 4.9% compounded quarterly is discounted on September 1, 2018, at 8.6% compounded semi-annually. What are the proceeds of the note? The proceeds of the note are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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