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Determine the interest expense for the year ended december

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Question - On April 1, 2028, A Company issued a P9,000,000 non-interest- bearing note due March 31, 2031, for a piece of land with a cash price of P 6,949,800. Effective interest rate is 9%. Determine the interest expense for the year ended December 31, 2028.

Reference no: EM133145206

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