Assuming the market interest rate is 10% per annum, how much would Green Co.record as a note payable if the terms of the loan with a bank are that it would have to make one $60,000 payment in two years?

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The present value of the note payable is calculated by discounting the future payment of $60,000 at the market interest rate of 10% over two years. The formula is: Present Value = Future Value / (1 + r)^n, where r is the interest rate and n is the number of periods. Thus, $60,000 / (1 + 0.10)^2 = $49,587.

Assuming the Market Interest Rate Is 10% Per Annum, How