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A ten-year note for $1600 beaning interest at 6% compounded monthly is discounted at 8%...

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A ten-year note for $1600 beaning interest at 6% compounded monthly is discounted at 8% compounded quarterly three years, ten months after the date of issue Find the proceeds of the note The proceeds are $ (Round to the nearest cent as needed Round all intermediate values to six decimal places as needed.)

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