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Paolo Company of Toronto borrowed $4,000,000 in U.S funds on January 1, Year 1, at an annual interest rate of 15%. The loan is due

Paolo Company of Toronto borrowed $4,000,000 in U.S funds on January 1, Year 1, at an annual interest rate of 15%. The loan is due on December 31, Year 4, and interest is paid annually on December 31....

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