On April 15, 2023, a 10-year note dated June 15, 2018, is discounted at 10% compounded quarterly.

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On April 15, 2023, a 10-year note dated June 15, 2018, is discounted at 10% compounded quarterly. If the face value of the note is $4000 and interest is 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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Question Posted: Oct 27, 2020 07:07 AM

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On April 15, 2023, a 10-year note dated June 15, 2018, is discounted at 10% compounded quarterly.

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Contemporary Business Mathematics With Canadian Applications

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