Please, I did not understand the method of the solution, can you explain to me and put me the correct solution?

Second Assignments: Green Co. makes a loan to Mars Co. and receives in exchange a four-year, $400,000 note bearing interest at 15 percent annually. The market rate of interest for a note of similar risk is 11 percent. How does Green record the receipt of the note? Instructions (a) Determine the present value of the note. (b) Prepare a Schedule of Note Discount or premium Amortization for Green Company under the effective interest method. (Round to whole dollars.) (c) Prepare journal entries for interest-bearing note. TABLE 6-4 PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 () 3% 9% 10% 11% 12% 15% Periods .92593 .91743 .90909 .90090 .39236 .36957 1 1.73326 1.75911 1.73554 1.71252 1.69005 1.62571 2 2.57710 2.53130 2.43635 2.44371 2.40133 2.23323 3 3.31213 3.23972 3.16933 3.10245 3.03735 2.35493 4 3.99271 3.33965 3.79079 3.69590 3.60473 3.35216 5 4.62233 4.43592 4.35526 4.23054 4.11141 3.73443 6 5.20637 5.03295 4.36342 4.71220 4.56376 4.16042 7 5.74664 5.53432 5.33493 5.14612 4.96764 4.43732 3 6.24639 5.99525 5.75902 5.53705 5.32325 4.77153 9 6.71003 6.41766 6.14457 5.33923 5.65022 5.01377 10 TABLE 6-2 PRESENT VALUE OF 1