Question: 7. Calculate the compound discount on a 2-year, ( $ 1,500 ) note discounted on September 10,2018 at 13, compounded daily, if the note was

$7. Calculate the compound discount on a 2-year, \\( \\$ 1,500$

7. Calculate the compound discount on a 2-year, \$ \\$ 1,500 \$ note discounted on September 10,2018 at \13, compounded daily, if the note was signed on August 6,2017 and bears interest at \12.5, compounded semi-annually. ( 9 marks)

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