Ayayai Corporation, a publicly$-$traded company, agreed to loan money to another company. On July $1,2023,$ the

company received a five$-$year promissory note with a face value of $$501,000,$ paying interest at a face rate of $5\%$

on July $1$ each year. The note was issued to yield an effective interest rate of $6\%.$ Ayayai used the effective

interest method of amortization for discounts or premiums, and the company's year$-$end is September $30.$

Click here to view the factor table PRESENT VALUE OF $1.$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.$

$($a$)$

Use $1.$ PV Tables, $2.$ a financial calculator, and $3.$ Excel functions to arrive at the amount to record the note

receivable. $($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}2512.$ Round PV tables and Excel

function answers to $0$ decimal places, e$.$g$.8,971$ and round Financial calculator answer to $2$ decimal places, e$.$g$.$

$89\mathrm{.}71.)$

Excel function Prepare a schedule of note premium $/$ discount amortization schedule. $($Round answers to $0$ decimal places, e$.$g$.58,971.)$