CATION THREE: On December $31,2020,$ Miller Company lend $$650,000$ to Manny $C.$

Nember $31,2024$ and state rate of $10\%$ with interest receivable at the end of each your

nanet rate for this moment is $12\%.-35$ points

a$.$ Determine the present value of the note

b$.$ Prepare the journal entries in the Miller Company Book.