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

image text in transcribed Payla Company borrowed from Gold Bank under a 10-year loan in the amount of P5,000,000 with interestrate of 6%.Payments are due monthly and arecomputed to be P55,500. Gold Bank incurs P200,000 ofdirect loan origination cost and P50,000 of indirect loanorigination cost. In addition, Gold Bank charges Payla a5-point nonrefundable loan origination fee. Gold Bank,the lender, has carrying amount ofa.P5,200,000C. P4,750,00005 000 000P1 050 0on

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