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How much is the value of the donation made by Blue to Berry

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Reference no: EM132977985

Question - On august 18, 2018 Blue loaned to his sister Berry P200,000 at an interest rate of 12 % per annum payable in 1 year thereafter. One month before the debt becomes due Berry's husband died. Consequently Blue informed his sister that he is condoning the loan including the interest. How much is the value of the donation made by Blue to Berry?

Reference no: EM132977985

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