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3.If a three-year, $5,500 note is discounted at 15%, compounded monthly, half a year before maturity, what will be the discount? (3 marks) Math 1091,

3.If a three-year, $5,500 note is discounted at 15%, compounded monthly, half a year before maturity, what will be the discount? (3 marks)

Math 1091, Unit 2, Assignment 2, Thompson Rivers University

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