The proceeds of a $9,000 8-year promissory note eaming 5% compounded semi-annually were $10,474. How many years before maturity date was the note sold if the discounted rate was 7.2% compounded...

Extracted text: The proceeds of a $9,000 8-year promissory note eaming 5% compounded semi-annually were $10,474. How many years before maturity date was the note sold if the discounted rate was 7.2% compounded annually. 4.5 years 7.5 years 5.5 years 6.5 years 3.5 years