Dan Dayle started a business by issuing a $100,000face-value note to First State Bank on January 1, Year 1. The notehad a 8 percent annual rate of interest and a five-year term.Payments of $25,046 Dan Dayle started a business by issuing a \( \$ 100,000 \) face-value note to First State Bank on January 1, Year 1, The note had a 8 percent annual rate of interest and a five-year term. Payments of 2 answers