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On 1 ere a e rate of interest of 6% determined the cash received by the 20X9, a borrower signed a long-term note, face amount,

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On 1 ere a e rate of interest of 6% determined the cash received by the 20X9, a borrower signed a long-term note, face amount, $2,100,000; time to maturity. three years; stated rate of interest, 2%. 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 Required: answer to the nearest dollar amount.) 1.) (Use appropriate factor(s) from the tables provided.) he cash received by the borrower. (Round time value factor to 5 decimal places. Roun d your intermediate calculations and final interest method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the amount borrowed on long term note. Debit Credit 2,100,000

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