On December $31,2025,$ Windsor Company signed a $$1,056,300$ note to Sheridan Bank. The market interest rate at that time

was $11\%.$ The stated interest rate on the note was $9\%,$ payable annually. The note matures in $5$ years. Unfortunately, because

of lower sales, Windsor's financial situation worsened. On December $31,2027,$ Sheridan Bank determined that it was probable

that the company would pay back only $$633,780$ of the principal at maturity. However, it was considered likely that interest

would continue to be paid, based on the $$1,056,300$ loan.

$($a$)$

Your answer is incorrect.

Determine the amount of cash Windsor received from the loan on December $31,2025.($Round present value factors to $5$

decimal places, e$.$g$.0\mathrm{.}52513$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Amount of cash Windsor received from the loan $

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