Question: 4.17 A note for $2500 dated August 1, 1993, is due with compound interest at 112 = 152% four years after date. On November 1,

4.17 A note for $2500 dated August 1, 1993, is due

4.17 A note for $2500 dated August 1, 1993, is due with compound interest at 112 = 152% four years after date. On November 1, 1994, the holder of the note has it discounted by a lender who charges j = 13 %. Find the proceeds and the compound discount

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