A borrower has two alternatives for a loan: (1) issue a $450,000,90-day, 6% note or (2) issue a $450,000, 90 -day note that the creditor discounts at 6%. Assume a 360 day year. a. Compute the amount of the interest expense for each option. for each alternative, b. Determine the procecds recelved by the borrower in each sitvation. (1) 5450,000,90-day, 6% interest-bearing note (2) $450,000,90-day note discounted at 6% c. Alternative Is more favorable to the borrower because the borrower