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On July 28, 2018, a ten-year note dated January 28, 2015, is discounted at 8.2% compounded quarterly. If the face value of the note is

On July 28, 2018, a ten-year note dated January 28, 2015, is discounted at 8.2% compounded quarterly. If the face value of the note is $4 000.00 and interest is 7.2% compounded quarterly, find the compound discount.

Select one:

a. $3 299.65

b. $3 388.77

c. $3 347.66

d. $3 426.68

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