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 ?

Answer rating: 100% (QA)

In this scenario Blue loaned P200000 to his sister Berry at an interest rate ... View the full answer