Ayayai Corporation, a publiclytraded company, agreed to loan money to another company. On July the
company received a fiveyear promissory note with a face value of $ paying interest at a face rate of
on July each year. The note was issued to yield an effective interest rate of Ayayai used the effective
interest method of amortization for discounts or premiums, and the company's yearend is September
Click here to view the factor table PRESENT VALUE OF
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF
a
Use PV Tables, a financial calculator, and Excel functions to arrive at the amount to record the note
receivable. Round present value factor calculations to decimal places, eg Round PV tables and Excel
function answers to decimal places, eg and round Financial calculator answer to decimal places, eg
Excel function
