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4. On January 1,20x1 , ABC Bank extended a 1,000,000 loan to XYZ ., Inc . Principal is due on December 31,20x5 but 10% interest

4. On January 1,20x1 , ABC Bank extended a 1,000,000 loan to XYZ ., Inc . Principal is due on December 31,20x5 but 10% interest is due annually starting Dec 31,20x1. On December 31,30x3, XYZ Inc,. was...

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