Flounder Corporation, a publicly-traded company, agreed to loan money to another company. On July 1, 2017, the company received a five-year promissory note with a face value of $516,000, 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%. Flounder used the effective interest method of amortization for discounts or premiums, and the companys year-end is September 30. Calculate the premium or discount on the note.(Round present value factor calculations to 5 decimal places, e.g. 1.25125 and the final answer to 0 decimal places, e.g. 58,971.)