Mr. Rivera invest a part of P85,000.00 in a mortgage which pays 6% interest; and the rest

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Mr. Rivera invest a part of P85,000.00 in a mortgage which pays 6% interest; and the rest in bonds paying 5% interest. The annual income from the bonds is twice the income from the mortgage. How much is invested in each of the 2 kinds of investment.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 03, 2024 03:28 AM

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Mr. Rivera invest a part of P85,000.00 in a mortgage which pays 6% interest; and the rest

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Let Amount invested in the mortgage at 6 X Amount invested in bonds at 5 85000 X as the total ... View the full answer

Income Tax Fundamentals 2013

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