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A non - interest - bearing five - year note for $ 4 1 0 0 . 0 0 issued September 1 , 2 0

A non

-

interest

-

bearing five

-

year note for $

4100.00

issued September

1, 2017,

is discounted August

1, 2019,

7 %

compounded annually. Find the compound discount

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