A 90-day non-interest-bearing note issued on September 30, 2003 for $5000 was discounted at 5.75% on November 5, 2003. What were the proceeds of the note?

Name: A 90-day non-interest-bearing note issued on September 30, 2003 for $5000 was discounted at 5.75% on November 5, 2003. What were the proceeds of the note?
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The Answer of A 90-day non-interest-bearing note issued on September 30, 2003 for $5000 was discounted at 5.75% on November 5, 2003. What were the proceeds of the note?

A 90-Day Non-Interest-Bearing Note Issued on September 30, 2003 for $5000