Question: Three years, four months before its due date, a nine-year note for $3645.58 bearing interest at 4.6% compounded quarterly is discounted at 3.1% compounded semi-annually.

Three years, four months before its due date, a nine-year note for $3645.58 bearing interest at 4.6% compounded quarterly is discounted at 3.1% compounded semi-annually. Find the compound discount.

The compound discount is $ = ?

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