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1 - 1 0 . A loan of $ 6 0 0 for 4 years is made at the interest rate of i ( 2

1-10. A loan of $600 for 4 years is made at the interest rate of i(2)=.04(nominal rate. compounded semiannually)
If a single payment of discount is to be deducted at the beginnning, what is the amount of the discount?
( $600 is repaid in 4 years.)
(A) $40 to $50
(B) $50 to $75
(C) $75 to $85
(D) $85 to $100
(D) $100 to $110
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