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Name: Date: School: Facilitator: 6.07 Calculating Compound and Simple Interest Part I: Calculating Simple Interest Calculate simple interest given the following information. Round to the nearest dollar. Reminder that the formula for simple interest is I = prt. Principal Rate Time Interest 1. $200 2% 1 year $ 4 2. $500 4% 1 year $ 20 3. $900 5% 1 year $ 45 4. $600 7% 1 year $ 42 5. $2,350 8% 2 years $ 376 Part II: Calculating Compound Interest Calculate the future value of the following investments. You may use the Compound
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