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Payla Company borrowed from Gold Bank under a 10- year loan in the amount of P5,000,000 with interest rate of 6%. Payments are due monthly

Payla Company borrowed from Gold Bank under a 10- year loan in the amount of P5,000,000 with interest rate of 6%. Payments are due monthly and are computed to be P55,500. Gold Bank incurs P200,000 of...

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