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Week 1 Date Transaction description 1 Obtained a loan of $45,000 from BitiBank at a simple interest rate of 6% per year. The first interest

Week 1 Date Transaction description 1 Obtained a loan of $45,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2020 and the principal of the loan is to be repaid on June 1, 2025.

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