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On 1 April 2021, Black Ltd. borrowed $50,000 from GreenfLtd. at an annual interest rate of 7%. The loan is a 5-year interest-only loan with

On 1 April 2021, Black Ltd. borrowed $50,000 from GreenfLtd. at an annual interest rate of 7%. The loan is a 5-year interest-only loan with interest payable yearly. Due to unforeseen circumstances, on 30 June 2022, Black Ltd. had not paid any interest to Green Lt

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