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Can someone explain the schedule of note discount amortization? How do i get effective interest and present value of the note? Pr. 7-163-Amortization of discount

Can someone explain the schedule of note discount amortization? How do i get effective interest and present value of the note? image text in transcribed
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Pr. 7-163-Amortization of discount on note , Green On December 31, 2014 exchange a promissory note with 31, 2014, Green Company finished consultation services and accepted in ss note with a face value of $600,000, a due date of December 31, 2017 and a stated rate of 5% services is not readily determinable and the note with interest receivable at the end of each year. The fair value of the determinable and the note is not readily marketable. Under the considered to have an appropriate imputed rate of interest of 10% circumstance aircumstances, the note is The following interest factors are provided: Interest Rate Table Factors For Three Periods Future Value of 1 Present Value of 1 Future Value of Ordinary Annuity of1 Present Value of Ordinary Annuity of 1 1.15763 86384 3.15250 2.72325 1.33100 75132 3.31000 2.48685

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