Question: Question 5 1 pts A note was issued to Petron that has a stated interest of 6% and a principal amount of P700,000. The principal

Question 5 1 pts A note was issued to Petron that has a stated interest of 6% and a principal amount of P700,000. The principal is payable after 3 years. How much is the interest income earned in the 2nd year if the prevailing rate is 5%? (round-off your final answer to the nearest two decimal place)

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