Question: B . On January 1 , 2 0 2 4 , the Illinois Corporation accepted a ten - year, $ 4 5 0 , 0

B. On January 1,2024, the Illinois Corporation accepted a ten-year, $450,000 zero-interest bearing note for the sale of the Illinois Corporation's land. The carrying value of the land at January 1,2024 was $162,000. The effective interest rate was 6%(annual interest rate) at the time of the issuance of the note. Calculate the present value of the note at January 1,2024. Round your answer to the nearest dollar. Present value of the note at January 1,2024 is what?
B. On January 1,2024, the Illinois Corporation accepted a ten-year, $450,000

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