A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a half years after the date of issue at 2.5% compounded monthly. Find the proceeds.
A) $48 161.60
B) $56 622.44
C) $58 783.81
D) $42 528.72
E) $40 965.02

Question

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The Answer of A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a half years after the date of issue at 2.5% compounded monthly. Find the proceeds.
A) $48 161.60
B) $56 622.44
C) $58 783.81
D) $42 528.72
E) $40 965.02

A $50 00000, 5-Year Note Bearing Interest at 3