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Please help. Thank you! On December 31, 2019, London Bank granted a P5,000,000 loan to a borrower with 10% stated rate payable annually and maturing

Please help. Thank you!

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On December 31, 2019, London Bank granted a P5,000,000 loan to a borrower with 10% stated rate payable annually and maturing in 5 years. The loan was discounted at the market interest rate of 12%. Unfortunately, the financial condition of the borrower worsened because of lower revenue. On December, 31, 2021, the bank determined that the borrower would pay back only P3,000,000 of the principal at maturity. However, it was considered likely that interest would continue to be paid on the P5,000,000 loan. What is the amount of cash paid to the borrower on December 31, 2019? O P4,500,000 OP4,650,000 O P5,000,000 P4,400,000

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