Question: Hanck Electronics sold some computers for $8,000 and established a promissory note requiring 6.50% compounded quarterly, and due in 4 years. After 2 years, the

Hanck Electronics sold some computers for $8,000 and established a promissory note requiring 6.50% compounded quarterly, and due in 4 years. After 2 years, the note was sold to a finance company for $5,020.97. What is the discounted rate, assuming it is compounded monthly? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%

Discount Rate = 0.00%

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