On September 30, 2020, Peace Frog International (PFI) (a U.S.-based company) negotiated a two-year, 1,000,000 Chinese yu

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answerhappygod
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On September 30, 2020, Peace Frog International (PFI) (a U.S.-based company) negotiated a two-year, 1,000,000 Chinese yu

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On September 30, 2020, Peace Frog International (PFI) (a
U.S.-based company) negotiated a two-year, 1,000,000 Chinese yuan
loan from a Chinese bank at an interest rate of 2 percent per year.
The company makes interest payments annually on September 30 and
will repay the principal on September 30, 2022. PFI prepares U.S.
dollar financial statements and has a December 31 year-end.
Relevant exchange rates are as follows:
please help with # 4,7 and 8
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