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Evaluating alternative notes Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your ansivers in the questions below.

Open spreadsheet

a$.$ Compute the amount of the interest expense for each option. Round your answer to the nearest dollar.

$x$ for each alternative.

b$.$ Determine the proceeds received by the borrower in each situation. Round your answers to the nearest dollar.

$(1)$ $$480,000,45-$day, $8\%$ interest$-$bearing nte:

$(2)$ $$480,000,45-$day note discounted at $8\%$ : $

c$.$ Alternative $$ is more favorable to the borrower because the borrower

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