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What is the carrying value of the note on december

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Problem 1: On January 1, 2020, Company A received a 18% bearing note payable in five equal instalments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 10%. What is the carrying value of the note on December 31, 2022?

Reference no: EM132908735

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