Question: Question 4 [5 points] Patel Electronics sold some computers for $5,000 and established a promissory note requiring 5.75% compounded semi-annually, and due in 3% years.

Question 4 [5 points] Patel Electronics sold some computers for $5,000 and established a promissory note requiring 5.75% compounded semi-annually, and due in 3% years. After 1% years, the note was sold to a finance company for $4,328.80. What is the discounted rate, assuming it is compounded quarterly? 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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