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Betty DeRose, Inc. borrowed $ 2 0 0 , 0 0 0 on January 1 , 2 0 2 4 . The terms of the

Betty DeRose, Inc. borrowed $200,000 on January 1,2024. The
terms of the loan require Betty DeRose to make semi-annual
payments of $18,000 every June 30 and December 31, with the
first payment being due on June 30,2024. Assume the loan
has an interest rate of 10%, compounded semi-annually.
Calculate the amount of the note payable at Dec. 31,2024
that would be classified as a current liability.

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