Question: Four years and 7 months before its due date, a seven-year note for $2,650, bearing interest at 9% compounded quarterly, is discounted at 8% compounded

Four years and 7 months before its due date, a seven-year note for $2,650, bearing interest at 9% compounded quarterly, is discounted at 8% compounded semi-annually. Calculate the compound discount. Note: Do NOT include three days of grace

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