Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note.

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answerhappygod
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Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note.

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Carl Sonntag wanted to compare what proceeds he would receivewith a simple interest note versus a simple discount note. Both had the same terms: $17,125 at 6% for 2 years. Useordinary interest as needed.
a. calculate the simple interest note proceeds
b. Calculate the simple discount not proceeds
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