i) Determine present value on date of discount (that occurs 10 months before maturity at 17%, compounded monthly) of the $3,000, five-year note bearing interest at 12%, compounded quarterly
ii) Compute compound discount on a $1,500, 2-year note discounted on September 10, 2008, at 13%, compounded daily, if note was signed on August 6, 2007, and bears interest at 12.5%, compounded semi-annually.