Ivanhoe inc developed a new sales gimenick to helpseil its inventory of new cars. Because many new car beyers need financing Ivanhoe offered a low down payment at the time of purchase and low car payments for the first year after purchare. It believes that this promotion will bring in some new buyers. On January 1, 2023, a customer purchased a new $34,800 automobile, making a down payment of $3,300. The cuntomer signed a note indicating that the annual rate of interest would be 8% and that quarterly payments would be made over 3 years. For the first year, Ivanhoe required a $400 quarterly payment to be made on April 1, Huly 1, October 1, and Janary 1, 2024. After this one year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1,2026. Click here to view the factor table PRESENT VA UE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare a note amortization schedule for the first year. (Round answers to 0 decimal ploces, eg. 5.275.) Oct. 1, 2023 Jan. 1, 2024 400 \begin{tabular}{|} \hline 644 \\ \hline \end{tabular} \begin{tabular}{|l|} \hline 244 \\ \hline \end{tabular} eTextbook and Media List of Accounts Assistance Used Attempts: 2 of 3 used Indicate the amount the customer owes on the contract at the end of the first year, after the January 1, 2024 payment. Using (1) factor tables, (2) a financial calculator or (3) Excel function PMT, calculate the amount of the new quarterly payment (starting Aprii 1.2024) on the note payable, (Round foctor velues to 5 decimal ploces, es. 1.25124 and final answer to 0 decimal ploces, cos5,275. Note Payment (d) The parts of this question must be completed in order. This part will be available when you complete the part above