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Use the Dynamic Exhibit to answer the following questions. 1. When the rate of interest on the note is 15%, the amount of cash received

Use the Dynamic Exhibit to answer the following questions.

1. When the rate of interest on the note is 15%, the amount of cash received on August 10th is $.

2. When the rate of interest on the note is 15%, the amount paid to the Western National Bank on November 8th is $.

3. When the rate of interest on the note is 13%, the amount of interest expense is $.

4. When the rate of interest on the note is 12%, the amount paid to the Western National Bank on November 8 is $.

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