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USAID promised to donate $6 million for refugees studying in Jordan University on August 2019, by making equal payments for the next 3 years on

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USAID promised to donate $6 million for refugees studying in Jordan University on August 2019, by making equal payments for the next 3 years on December 31 starting from the year 2019, applying a discount rate of 3%, the present value is $2.82861. Required: Record the necessary transactions for the years 2019 and 2020

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