Hi , Please show all the work step by step for each number on the solution. Inte

Question

Hi , Please show all the work step by step for each number on the solution.
Interest Rate Table Factors For Three Periods Future Value of 1 Present Value of 1 Future Value of Ordinary Annuity of 1 Present Value of Ordinary Annuity of 1 5% 10% 1.15763 1.33100 0.86384 0.75132 3.152503.31000 2.72325 2.48685 Determine the present value of the note. Present value of the note Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Do not leave any answer field blank. Enter " Date Cash Interest (5%) Effective Interest (10%) Discount Amortized Unamortized Discount Balance Present Value of No 12/31/16 12/31/17 12/31/18 12/31/19 for amounts

Explanation / Answer

Present value of note is as calculated below:

Discount amortization

Table value are based on: n=3 i=10% Cash Flow Table Value Amount Present Value Par (maturity value) 0.75132 580,000 435,766 Interest (annuity) 2.48685 29,000 72,119 507,884

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