ABC gives XYZ, Inc. a two-year, $1,000 note to ABC, Inc. to cover purchase of goods and services on

ABC gives XYZ, Inc. a two-year, $1,000 note to ABC, Inc. to cover purchase of goods and services on 1/1/2017. The stated interest rate is 5% and the market rate for similar notes is 6%. Interest is payable semi-annually. Since the market rate is known, use it to value the note receivable.