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On January 1, 20x1, INCISE TO CARVE Co. issued 1,000, P2,000, 12%, 3 year bonds for 2,099,474. Principal is due on December 31, 20x3 but

On January 1, 20x1, INCISE TO CARVE Co. issued 1,000, P2,000, 12%, 3 year bonds for 2,099,474. Principal is due on December 31, 20x3 but interest are due annually every year end. The effective rate is...

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