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a. Compute the amount of the interest expense for each option. for each alternative. b. Determine the proceeds received by the borrower in each situation.

image text in transcribed a. Compute the amount of the interest expense for each option. for each alternative. b. Determine the proceeds received by the borrower in each situation. (1) $660,000,120 day, 7% interest-bearing note (2) $660,000,120-day note discounted at 7% c. Alternative is more favorable to the borrower because the borrower

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