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Solvent Bank loaned P10,000,000 to a borrower on January 1, 2017. The terms of the loan require principal payments of P2,000,000 each year for 5

Solvent Bank loaned P10,000,000 to a borrower on January 1, 2017. The terms of the loan require principal payments of P2,000,000 each year for 5 years plus interest at 8%. The first principal and inte...

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