Question: Cerise Company would record ____ as a note payable if the terms of the loan with a bank are that it would have to make

Cerise Company would record ____ as a note payable if the terms of the loan with a bank are that it would have to make one $102,000 payment in two years. Assume the market interest rate is 10% per year and the company rounds to the nearest dollar. (The present value of $1 for two periods at 10% is 0.82645).

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