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Dubai Company obtained a 10% 3 years loan on the 1st January 2013 for 300,000 to be used in constructing a qualified asset. The company
Dubai Company obtained a 10% 3 years loan on the 1st January 2013 for 300,000 to be used in constructing a qualified asset. The company managed to complete the qualified asset on 30th June 2015.
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Calculate the amount of the loan interest at the end of the financial years 2013, 2014, and how much should the company pay for loan interest in total for all periods (starting from 1/1/2013 till 30/06/2015).
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