Evaluating alternative notes A borrower has two alternatives for a loan: (1) issue a $270,000, 45-day, 4% note or (2) issue a $270,000, 45-day note that the creditor discounts at 4%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below x Open spreadsheet A. Calculate the amount of the interest expense for each option, Round your answer to the nearest dollar $ for each alternative 3. Determine the proceeds received by the borrower in each alternative Round your answers to the nearest dollar, (1) $270,000, 45-day, 4% interest-bearing notes (2) $270,000, 45-day note discounted at 4%:$ is more favorable to the borrower because the beerower C. Alternative