Question: Below are three notes payable: Note Face Value (Principal Rate Term l $30,000 4% 6 years 4 years 30,000 3 30.000 3 ycars 8% Part

Below are three notes payable: Note Face Value (Principal Rate Term l $30,000 4% 6 years 4 years 30,000 3 30.000 3 ycars

Below are three notes payable: Note Face Value (Principal Rate Term l $30,000 4% 6 years 4 years 30,000 3 30.000 3 ycars 8% 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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