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a. Combute the amount of the interest expense for each option. for each alkemative. b. Determine the proceeds received by the botrower in each situation. (1) $690,000,60-say, 6% smple-interest (2) $690,000,60-day note discounted at 6\%. c. Alternative is more frecerable to the borrower since the affective interest fate en albecnative 1 it and the effective rate en alemation 2 in