A $2800 promissory note issued without interest for five years on September 30, 2019, is discounted on

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A $2800 promissory note issued without interest for five years on September 30, 2019, is discounted on July 31, 2022, at 8% compounded quarterly. Calculate the compound discount.

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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