A borrower has two alternatives for a loan: (1) issue a $540,000,60-day, 9% note or (2) issue a $540,000,60-day note that the creditor discounts at 9%. Assume a 360-day year. 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) $540,000,60-day, 9% interest-bearing note. (2) $540,000,60-day note discounted at 9% C. Alternative is more favorable to the borrower because the borrower