A six-month non-interest-bearing note issued on April 11, 2003, for $4000 was discounted at 6.25% on September 2, 2003. What were the proceeds of the note?

Name: A six-month non-interest-bearing note issued on April 11, 2003, for $4000 was discounted at 6.25% on September 2, 2003. What were the proceeds of the note?
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The Answer of A six-month non-interest-bearing note issued on April 11, 2003, for $4000 was discounted at 6.25% on September 2, 2003. What were the proceeds of the note?

A Six-Month Non-Interest-Bearing Note Issued on April 11, 2003, for $4000