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a. For each of the following notes, calculate the simple interest due at the end of the term. Principal Rate Term 1 $8,000 8% 8
a. For each of the following notes, calculate the simple interest due at the end of the term.
Principal | Rate | Term | |
1 | $8,000 | 8% | 8 years |
2 | $8,000 | 12% | 5 years |
3 | $8,000 | 4% | 2 years |
b. compute the amount of interest due at the end of the term for each of the above notes assuming interest is compounded annually
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