"loan issued on 1st nov 2016 $12m at par interest 5%.
loan redeemable on 31 oct 2016, similar loan got 8.6% interest.
find Equity and Liability"
I got: Equity $ 1.11m
Liability $ 10.89
my answer is wrong.
Ask the Tutor ACCA FR
Redeemable loan note at par
So, please confirm one thing for me ..... this loan that has been borrowed is repayable on the day BEFORE it was borrowed?
no
So ......... ?
i need the working for the answer
plz
Look at your original post! Look particularly at the dates!
I ask again, is the loan to be repaid on the day before the loan was borrowed?
Now, tell me please, how can I answer you?
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