Question: Four years, three months before its due date, an eight-year note for $4186.74 bearing interest at 3.9% compounded annually is discounted at 6.9% compounded semi-annually.

Four years, three months before its due date, an eight-year note

Four years, three months before its due date, an eight-year note for $4186.74 bearing interest at 3.9% compounded annually is discounted at 6.9% compounded semi-annually. Find the compound discount. The compound discount is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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