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On January 1, 2015, Landbank loaned P10,000,000.00 to a client payable within 10 years. The loan pays 8% interest payable every December 31 with the

On January 1, 2015, Landbank loaned P10,000,000.00 to a client payable within 10 years. The loan pays 8% interest payable every December 31 with the first interest payment due December 31, 2015. On...

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