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What interest rate must be used to discount a low-interest note payable? Multiple Choice The stated rate of the note. The market rate for a similar note The nominal rate for the note. The lowest rate that the company can borrow at. Assuming a bond is sold at a discount and the effective interest method is used as maturity approaches, Multiple Choice The unamortized amount increases and the annual interest decreases. The unamortized amount decreases and the annual interest decreases. The unamortized amount decreases and the annual interest increases. The unamortized amount increases and the annual interest increases. Assuming a bond is sold at a discount and the effective interest method is used as maturity approaches, Multiple Choice The unamortized amount increases and the annual interest decreases. The unamortized amount decreases and the annual interest decreases. The unamortized amount decreases and the annual interest increases. The unamortized amount increases and the annual interest increases