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calculate the present value of the note receivable suing a 15 % interest rate. ( 5 years).Using the present value of the note as the
calculate the present value of the note receivable suing a 15 % interest rate. ( 5 years).Using the present value of the note as the only economic benefit received, recalculate the gain or loss on the transaction (notes receivable: 10,000,000 asset 6,600,000, gain 3,400,000)
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