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A $2800 promissory note issued without interest for five years on september 30, 2015, is discounted on July 31, 2018, at 8% compounded quarterly. Find the compound discount.

 

Any help would be great thanks

 Nov 13, 2015
edited by NeedSupply  Nov 13, 2015
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$2,800 promissory note is worth=$2,357.83 on July 18, 2018.

 Nov 13, 2015

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