a. Compute the amount of the interest expense for each option. for each alternative. b....
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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. (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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