Question: I really need help with this question, please. Please show step by step how to do it. Please and Thank you. Find the proceeds and

I really need help with this question, please. Please show step by step how to do it. Please and Thank you.

Find the proceeds and the compound discount for the long-term promissory note shown in the table below. Note that this is a non-interest-bearing promissory note.

Face Value

Date of Issue

Term

Date of Discount

Discount Rate

Frequency of Conversion

$900.00

18-05-2010

10

years

17-08-2017

7%

semi-annually

The proceeds are $____

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The compound discount is $ ___

(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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