Page 55 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
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Solution – incurral of interest cont.
• Calculate the accrual amount
• Accrual amount = YTM x adjusted initial amount
2014: 600 000 x 18,56311% x 151/365 = R46 077
2015: 600 000 x 18,56311% x 214/365 = R65 302 +
(600 000+46 077+65 302) x 18,56311% x 151/365 =
R54 631
( 65 302 + 54 631)
= R119 933
