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2) You owe $1,150 in 3 months and $980 in 6 months. You and your creditor agree you can settle BOTH debts with one cash settlement. You will use a simple interest rate of 5%, a focal point NOW, and a settlement date NOW Round answer normally, do not use a dollar sign or comma, amount should be carried to the nearest penny. [A] What is the CASH SETTLEMENT AMOUNT? 3) You are a merchandiser who receives an invoice of $4,768.91 with terms 3/10, n45. If you pay the bill by the 10th day from the date of the invoice, what rate of return do you earn? Use Banker's Rule NO percent sign Round to 4 decimal places .(xxxX) . . .. A What is your rate of return? 4) A debtor owes $1,400 in 16 months. A Third Party buys the note, using a 9% Simple Interest Rate, 5 months after the note is contracted. [A] What does the Third Party pay for the note? (Carry answer to the nearest penny. Round normally, NO dollar sign or comma) 1 Documents