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:

Memory Diagnostics

Tools or tests used to check and diagnose problems with computer memory (RAM), ensuring it's functioning correctly.

Task Manager

A Windows-based utility that displays memory and processor usage data and also displays currently loaded applications as well as currently running processes.

Device Manager

A Windows system utility that displays all installed hardware devices and allows users to manage their drivers and properties.

Flash Memory

A type of non-volatile storage that can be electrically erased and reprogrammed, used in memory cards and USB flash drives.