Page 14 - Chapter 23 - Interest
P. 14
Solution cont.
MONTH CASH FLOW
Initial
1 October 2013 (1 000 000 – 40%) 600 000 amount
30 September 2014 nil
30 September 2015 nil
30 September 2016 (1 000 000)
Interest expense incurred by issuer (R400 000)
