For each of the following notes, calculate the simple interest due at the end of the term. Round to the nearest dollar. Note Face Value (Principal) Rate Term A.

1 .8,000 8% 8 Years

2. 8,000 12% 5 Years

3. 8,000 4% 2 Years

Note 1:

Note 2:

Note 3:

B. Now assume that the interest on the notes is compounded annually. Use excel or a financial calculator for your computations. Round to the nearest dollar.

Note 1:

Note 2:

Note 3: