Simple Interest Compound Interest And Annuity Calculations All Steps Should Be Completed

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Question Description

Math is not my best friend. I need help with simple interest, compound interest and annuity calculations to complete this semester. All parts should be completed and need to show work.

1. Evaluate the use of a simple interest loan and a simple discount note to cover the cost of goods in time to earn cash discounts. Use ordinary interest for these calculations.

2. Use compound interest formulas to analyze the benefit of a possible investment instead of keeping all cash accounts.

3. Use annuities to determine present values on a loan for a major capital purchase and use annuities to determine future values in a sinking fund.

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