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Carl Sonntag wanted to compare what proceeds he would receieve with a simple interest note versus a simple discount note. Both had the same terms:

Carl Sonntag wanted to compare what proceeds he would receieve with a simple interest note versus a simple discount note. Both had the same terms: $18,875 at 8% for 3 years. Use ordinary interest as needed.

A. Calculate the simple interest note proceeds

B. Calculate the simple discount note proceeds.

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