Question: Leyla borrows $3900 from Sam for 5 year(s) at 12% compounded quarterly. Then, 2 year(s) before maturity, Sam sells the note to Bill who discounts

Leyla borrows $3900 from Sam for 5 year(s) at 12% compounded quarterly. Then, 2 year(s) before maturity, Sam sells the note to Bill who discounts it based on 13.5% compounded monthly. How much did Bill pay Sam for the note?

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