Bridgeport 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 $$504,000,$ paying interest at a face rate of $5\%$ on July $1$ each year. The note was issued to yield an effective interest rate of $6\%.$ Bridgeport used the effective interest method of amortization for discounts or premiums, and the company$$s year$-$end is September $30.$

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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$.89\mathrm{.}71.)$

Using

Note receivable

$1.$ PV tables $enter the amount of note receivable in dollars rounded to $0$ decimal places

$2.$ Financial calculator $enter the amount of note receivable in dollars rounded to $0$ decimal places

$3.$ Excel function $enter the amount of note receivable in dollars rounded to $0$ decimal places