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Simple Interest question! Need answer

Andrew owes Nicola $500 in 3 months and $200 in 6 months both due with interest at 6%. Nicola accepts $300 now, how much will Andrew be required to pay at the end of 1 year, provided they agree to use an interest rate of 8% and a focal date at the end of 1 year ?

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Ayesha A. | Believe in the process of learning and helping others learnBelieve in the process of learning and h...
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Andrew will be required to pay 432 to Nicola at the end of Year 1. 
 
He owed total 700 (500+200)
He paid now  (300)
Remaining     400
 
Interest for 1 year 400*8% = 32
 
Total payment Due 432  (400+32)