Question 8 On January 1, 2019, ABC Company borrowed $100,000 from the bank. The loan is a 15-year note payable that requires annual payments of $13,000 every December 31, beginning December 31, 2019. Assume the loan has an interest rate of 10% compounded annually. Calculate the balance in the note payable account at December 31, 2021. Question 9 On January 1, 2019, ABC Company borrowed $100,000 from the bank. The loan is a 15-year note payable that requires annual payments of $13,000 every December 31, beginning December 31, rate of 10% compounded annually 2019. Assume the loan has an interest Calculate the amount of the note payable at December 31, 2021 that would be classified as a current liability