4

XYZ Company borrowed $240,000 on January 1,2025 . The terms of the loan require XYZ Company to make semi-annual payments of $20,000 every June 30 and December 31, with the first payment being due on June 30, 2025. Assume the loan has an interest rate of 10%, compounded semi-annually. Calculate the amount of the note payable account balance at Dec. 31, 2025 that would be classified as a current liability