Question: I am searching for the correct answer to this general accounting problem with proper accounting rules. Calculate the present value of the note receivable using

I am searching for the correct answer to this general accounting problem with proper accounting rules.

Calculate the present value of the note receivable using a 12% interest rate for 6 years. Using the present value of the note as the only economic benefit received, recalculate the gain or loss on the transaction. (Note Receivables: $10,000,000, Asset: $7,500,000, Gain: $2,500,000)

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