Find the proceeds of the following promissory note. An eight?-year promissory note dated April ?1, 2014?, with a face value of ?$5200.00 bearing interest 4.8?% compounded annually?, discounted three years later when money was worth 5.8% compounded semi annually
The proceeds of the note are ?$.
?(Round to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)