that specified a stated rate of 3\%. Annuatintereat on the full amount of the principal as poyable each Decteriter 31 , The principal is payable on Decemiter 71 , throe yeas later. The markef rate for a nate of this nisk is 10 Whi Required a. Compute the present value of this note. b. Prepare an effective interest schechile for this note. c. Preparo entries required by Steaith for this note onjanuary 1 of Year 1 , and December 31 of Year 1, Year 2, and Year 3. - Note: Round answers to the nearest whole dollar; a Prisent value of note: 3