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On June 30, 2019, R Company discounted at the bank a customer P6,000,000, 6-month,10% note receivable dated April 30, 2019. The bank discounted the note

On June 30, 2019, R Company discounted at the bank a customer P6,000,000, 6-month,10% note receivable dated April 30, 2019. The bank discounted the note at 12% without recourse. What is the amount received from the note receivable discounting?

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