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How to solve this? Discounting-Low-Interest Note (LO 12-6) On 1 January 20X9, a borrower signed a long-term note, face amount, $1,900,000, time to maturity, three

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image text in transcribed Discounting-Low-Interest Note (LO 12-6) On 1 January 20X9, a borrower signed a long-term note, face amount, $1,900,000, time to maturity, three years; stated rate of interest, 2%. The effective rate of interest of 6% determined the cash received by the borrower. The principal of the note will be paid at maturity, stated interest is due at the end of each year. (PV of $1, PVA of $1, and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute the cash received by the borrower. (Round time value factor to 5 decimal places. Round your intermediate calculations and final answer to the nearest dollar amount.) Cash received

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