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the requirments are written On 1/7/2019, the ministry of planning borrowed 2000000 Euro in order to finance some of its projects. The loan will be

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the requirments are written
On 1/7/2019, the ministry of planning borrowed 2000000 Euro in order to finance some of its projects. The loan will be repaid as one payment on 1/7/2021. The interest is 6%, which is paid yearly on 1/7 from each year. Instructions : Record the required entries. The Euro exchange rate as follows: Date Exchange Rate 1/7/2019 0,82 31/12/2019 0,85 1/7/2020 0,80 31/12/2020 0,81 1/7/2021 0,83 4- The gain of currency differences for the year of 2020 are 6- The total amount that is repaid on the due onte (1/10/2020) 6. The loan is presented in the financial portion statement at the end of 2020 with the value of

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