Question
On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for P3,197,877. The bonds pay interest semi-annually every March 1
On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for P3,197,877. The bonds pay interest semi-annually every March 1 and September 1 and were issued to yield 9%. How much is the interest payable on December 31, 2022?
(Round off final answer to the nearest peso.)
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Auditing Concepts For A Changing Environment With IDEA Software
Authors: Larry E. Rittenberg, Bradley J. Schwieger
4th Edition
0387321500, 978-0324180237
