Answer:
Car loans, amortized monthly, and retailer installment loans, also calculated monthly, are examples of simple interest; as the loan balance dips with each monthly payment, so does the interest. Certificates of deposit (CDs) pay a specific amount in interest on a set date, representing simple interest
Answer:
No
Step-by-step explanation:
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The answer I think you are looking for is 4,392.
91,761 - 87,369 = 4,392
