llaine invested Php 50,000 in a bond fund for 3 years that pay 2.75% annually.  If interest will be paid semi-annually, how much will she receive every six months after deduction of withholding tax?   a. Php 550.00 b. Php 3,300.00 c. Php 825.00 d. Php 1,100.00

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...
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Ellaine invested Php 50,000 in a bond fund for 3 years that pay 2.75% annually.  If interest will be paid semi-annually, how much will she receive every six months after deduction of withholding tax?

 
a. Php 550.00
b. Php 3,300.00
c. Php 825.00
d. Php 1,100.00
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