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If P1 million is placed in a time deposit account for 90 days at 0.75% interest, (use 360 for t) Find the interest the placement

If P1 million is placed in a time deposit account for 90 days at 0.75% interest, (use 360 for t)

  1. Find the interest the placement earns.
  2. How much is the withholding tax?

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