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Lisa Bank granted a loan to a borrower on January 1, 2001. The 5,000,000 principal matures after 8 years. Interest on the loan is 10%

Lisa Bank granted a loan to a borrower on January 1, 2001. The 5,000,000 principal matures after 8 years. Interest on the loan is 10% payable annually staring January 1 2002. The bank incurred direct ...

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