Question
John invested Php50,000 in a government bond that pays 2.25% interest earnings subject to a 20% withholding tax. The bond investment matures in 3 years
John invested Php50,000 in a government bond that pays 2.25% interest earnings subject to a 20% withholding tax. The bond investment matures in 3 years and interest payments are made semi-annually. How much interest is received semi-annually?
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An Introduction To Real Estate Finance
Authors: Edward Glickman
1st Edition
0123786266, 9780123786265
