Calculate the commercial interest

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Reference no: EM131810772

Calculate the commercial interest of

a) $3,100 for 125 days at 9% semi-annually

b) $2,500 from September 8 to February 12 of the following year at 4% quarterly

c) $6,640 for 9 business months and 25 days at 3.1% bi-monthly

d) $ 1,600 from January 13 to October 20 of the same leap year at 0.94% per month

e) $ 4,000 for 8 months at 0.88% monthly

f) $1,350 for 2 months at 18% yearly

Reference no: EM131810772

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