Use PV Factor Tables (a portion is provided on page #12) or financial calculator or Excel. Please show calculation details

1. The company issues a note to an entity to borrow cash for five years and will pay $500,000 to the entity at the end of the fifth year but not pay any interest. If the annual market interest rate is 4%, please calculate the present value of the note (compounded annually and rounded to the nearest dollar).
2. Based on Part 1, if the company will pay $500,000 at the end of the fifth year and interest $25,000 at the end of each of the five years, please calculate the present value of the note (rounded to the nearest dollar).
3. Based on Part 1, if the company will pay $500,000 at the end of the fifth year and interest $25,000 at the end of each of the last four years (the second to fifth years), please calculate the present value of the note (rounded to the nearest dollar).

9% AWN Table A.2 Present Value of 1 Period 1% 2% 3% 1 0.99010 0.98039 0.97087 2 0.98030 0.96117 0.94260 3 0.97059 0.94232 0.91514 4 0.96098 0.92385 0.88849 5 0.95147 0.90573 0.86261 6 0.94205 0.88797 0.83748 7 0.93272 0.87056 0.81309 8 0.92348 0.85349 0.78941 9 0.91434 0.83676 0.76642 10 0.90529 0.82035 0.74409 LOOOOOO 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 5% 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 6% 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55839 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 8% 0.92593 0.85734 0.79383 0.73503 0.68058 0.63017 0.58349 0.54027 0.50025 0.46319 0.91743 0.84168 0.77218 0.70843 0.64993 0.59627 0.54703 0.50187 0.46043 0.42241 10% 0.90909 0.82645 0.75131 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.38554 # Table A.4 Present Value of An Ordinary Annuity of 1 Period 1% 2% 3% 4% 5% 6% 1 0.99010 0.98039 0.97087 0.96154 0.95238 0.94340 2 1.97040 1.94156 1.91347 1.88609 1.85941 1.83339 2.94099 2.88388 2.82861 2.77509 2.72325 2.67301 4 3.90197 3.80773 3.71710 3.62990 3.54595 3.46511 5 4.85343 4.71346 4.57971 4.45182 4.32948 4.21236 6 5.79548 5.60143 5.41719 5.24214 5.07569 4.91732 7 6.72819 6.47199 6.23028 6.00205 5.78637 5.58238 8 7.65168 7.32548 7.01969 6.73274 6.46321 6.20979 9 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 10 9.47130 8.98259 8.53020 8.11090 7.72173 7.36009 O O OOO OWN 7% 0.93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 6.51523 7.02358 8% 9% 0.92593 0.91743 1.78326 1.75911 2.57710 2.53129 3.31213 3.23972 3.99271 3.88965 4.62288 4.48592 5.20637 5.03295 5.74664 5.53482 6.24689 5.99525 6.71008 6.41766 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457