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
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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