A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note	Options.
A) $4336.93
B) 4336.99
C) 4336.96
D) 4336.92
E) 4336.91
Explanation:   i=j/m   Maturity value = PV (1 + i)^n   Term = 5 years - 21 months= 3.25 years   Price paid = FV(1+ i )^-n   $4336.93nswer: $4336.93) 4336.93
<result>A</result>
A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note