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1). An investment will pay $3,000 six months from now. What purchase price will provide a rate of return of 12%? 2). What interest will

1). An investment will pay $3,000 six months from now. What purchase price will provide a rate of return of 12%?

2). What interest will be due on a loan of $3,000 advanced on March 31 and due Sept 4 of the same year if simple interest is charged at 7.75%?

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