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4. Lamar is considering some notes payable. Calculate the interest for the following and assume a 360-day year: 1. $10,000, 1%, 2 years. 2. $15,000,

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4. Lamar is considering some notes payable. Calculate the interest for the following and assume a 360-day year: 1. $10,000, 1%, 2 years. 2. $15,000, 10%, 9 months. 3. 20,000, 5%, 90 days. Note your answers for each one. All things considered constant, which loan will cost Lamar the least based on the interest rate? (Chapter 14)

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