Ralph Chase plans to sell a piece of property for 145000 He wants the money to be paid off in two ways a short term note at 11 interest and P Note Interest Time Amount Rate in years 1 1 X 11 a long term note at 8 interest Find 145000 x 8 the amount of each note if the total annual interest paid is 14000 Interest Paid x 0 11 1 145000 x 0 08 1 The amount of the 11 note is and the amount of the 8 note is