Question: On April 15, 2019, a 10-year note dated June 15, 2014, is discounted at 10% com- pounded quarterly. If the face value of the note

On April 15, 2019, a 10-year note dated June 15, 2014, is discounted at 10% com- pounded quarterly. If the of the note is $4000 and interest is 8% com- pounded quarterly, find the compound discount.

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