Larsen Corp.issued a note with a face value of $10,000 and a zero interest rate with a two-year term, in return for $8,573.Determine the implicit interest rate for the note.

Name: Larsen Corp.issued a note with a face value of $10,000 and a zero interest rate with a two-year term, in return for $8,573.Determine the implicit interest rate for the note.
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The implicit interest rate can be calculated using the formula for present value: $8,573 = $10,000 / (1 + r)^2. Solving for r gives approximately 8%.