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On January 1, 2020, Jeremy Co. received a 9%, three-year note from a customer. The...

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Accounting

On January 1, 2020, Jeremy Co. received a 9%, three-year note from a customer. The interest on the note is paid every December 31. The note has a face value of 3,000,000. The effective rate applicable on the note is 7%.What is the carrying value of the Notes Receivables on December 31, 2021?

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