Question
A country has $60 million of debt at the rate of 10%. It does not make any payments in year 1 and 2 and manages
A country has $60 million of debt at the rate of 10%. It does not make any payments in year 1 and 2 and manages to negotiate the interest rate to 7% at the end of year 2.
Calculate the interest payment in year 3 for this country.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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