Question: Casey Electronics sold some computers for $10,000 and established a promissory note requiring 9% compounded semi-annually, and due in 42 years. After 2 years,

Casey Electronics sold some computers for $10,000 and established a promissory note

Casey Electronics sold some computers for $10,000 and established a promissory note requiring 9% compounded semi-annually, and due in 42 years. After 2 years, the note was s finance company for $11,025.68. What is the discounted rate, assuming it is compounded monthly? Note: Please make sure your final answer(s) are in percentage form and are aco 2 decimal places. For example 34.56% Discount Rate = 0.00 %

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