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The proceeds from the sale of a $3500 four-year promissory note bearing interest at 5% compounded quarterly were $3612.31. The note was discounted to yield

The proceeds from the sale of a $3500 four-year promissory note bearing interest at 5%

compounded quarterly were $3612.31. The note was discounted to yield 6.8% compounded

semiannually. How many months before maturity was the note sold?

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