Carl Sonintag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $\$ 18,850$ at $7 \%$ for 4 years, Use ordinary interest as needed. a. Calculate the simple interest note proceeds. ( Answer is not complete.

Step 1 ：Given that the principal amount (P) is $18,850, the rate of interest (R) is 7% or 0.07 in decimal form, and the time (T) is 4 years.

Step 2 ：We use the formula for simple interest: \(I = PRT\), where I is the interest.

Step 3 ：Substituting the given values into the formula, we get \(I = 18850 \times 0.07 \times 4\)

Step 4 ：Calculating the above expression, we find that the interest (I) is approximately $5278.

Step 5 ：The proceeds from a simple interest note would be the sum of the principal and the interest, which is \(18850 + 5278\)

Step 6 ：Calculating the above expression, we find that the proceeds from the simple interest note would be \(\boxed{24128}\)