Below Are Three Notes Payable Required
Part 1

question 18

Essay

Below are three notes payable:

$$\begin{array} { l l l l } & \text { Note Face Value (Principal) } & \text { Rate } & \text { Term } \\\text { 1. } & \$ 30,000 & 4 \% & 6 \text { years } \\\text { 2. } & 30,000 & 6 \% & 4 \text { years } \\\text { 3. } & 30,000 & 8 \% & 3 \text { years }\end{array}$$ Required
Part 1.For each of the notes,calculate the simple interest due at the end of the term.
Part 2.Now assume that the interest on the notes is compounded annually.Calculate the amount of interest due at the end of the term for each note.
Part 3.Finally,assume that the interest on the notes is compounded semiannually.Calculate the amount of interest due at the end of the term for each note.
Part 4.What conclusion can you draw from a comparison of your results of each of the three scenarios?

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Definitions:

In-store Promotions

Marketing activities designed to stimulate sales directly within a retail location.

High-involvement Products

Products that carry a high purchase risk or are expensive, thus requiring more thought, research, and comparison from consumers before making a purchase decision.

Limited Risk

Exposures to potential losses that are confined or restricted in magnitude, often through strategies such as diversification or the use of financial instruments like options.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a hierarchy, from basic physiological needs to self-actualization.