Question: QUESTION 14 . 1 POINT Bill purchases a bond for $1,200. It pays 7% simple annual interest and matures in 8 years. How much interest

QUESTION 14 . 1 POINT Bill purchases a bond for $1,200. It pays 7% simple annual interest and matures in 8 years. How much interest will Bill earn after the bond reaches maturity? Provide your answer below

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