Evaluating alternative notes

A borrower has two alternatives for a loan: $(1)$ issue a $$510,000,45-$day, $5\%$

note or $(2)$ issue a $$510,000,45-$day note that the creditor discounts at $5\%.$

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.

Open spreadsheet

a$.$ Compute the amount of the interest expense for each option. Round your

answer to the nearest dollar.

$

for each alternative.

b$.$ Determine the proceeds received by the borrower in each situation. Round

your answers to the nearest dollar.

$(1)$ $$510,000,45-$day, $5\%$ interest$-$bearing note:

$(2)$ $$510,000,45-$day note discounted at $5\%$:$

c$.$ Alternative

is more favorable to the borrower because

the borrower

Anwser all please!