1. Find the proceeds of a non-interest-bearing promissory note for $2286.62, discounted 56 months before its due at 4.7% compounded annually (PearsonMathlab).
2. Calculate the proceeds of $7500, 10 -year note bearing interest at 5% compounded annually, discounted 2 years after the date of issue at 3% compounded semi-annually.
3. Find the proceeds of the following promissory note. A three-year,$3000 note bearing interest at 3% compounded monthly, issued Jan 1, 2015, discounted on Jan 1, 2016 yield 7% compounded annually.