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Part IV-Interest calculations Calculate the interest for the following: $20,000 a). 12% 1 year 1 $10,000 b). 13% 6 month 80 d
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Answer #1

Answer with working is given below

It is assumed given rate of interest is on annual basis

Also 365 days are assumed in a year

Answer Working $2,400.00 ($20,000 *12%) $20,000 12% 1 year $10,000 13% 6 month $650.00 ($10,000 *13%*6M/12M) c) | $9,000 10%

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