Question: 7 . Calculate the compound discount on a $ 1 , 500, two- year note discounted on September 10, 2008, at 1396, compounded daily ,

7 . Calculate the compound discount on a $ 1 , 500, two- year note discounted on September 10, 2008, at 1396, compounded daily , If the note was signed on August 6, 2007, and bears interest at 12. 5%/0 , Compounded semi- annually . (9 mark's )

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