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Concord Corporation, a publicly - traded company, agreed to loan money to another company. On July 1 , 2 0 2 3 , the company

Concord 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 $505,000, 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%. Concord 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.
(b)
Prepare a schedule of note premium/discount amortization schedule. (Round onswers to 0 decimal places, e8.58,971)
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