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CALCULATING INTEREST Using 360 days as the denominator, calculate inter the following notes using the formula I-Px R x T Principal $5,000 1,000 4,500 02)

CALCULATING INTEREST Using 360 days as the denominator, calculate inter the following notes using the formula I-Px R x T Principal $5,000 1,000 4,500 02) Rate Time Interest 6.00% 7.50 8.00 6.80 7.25 7.00 30 days 60 120 95 102 90 950 1,250 2,900

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