Suppose The Debtor Executed A Promissory Note Promising To Pay His Obligati…

Suppose the debtor executed a promissory note promising to pay his obligation to the creditor as soon as he has received funds derived from the sale of his property in a certain place, the condition is

Answer:

7,120,000

Step-by-step explanation:

8,000,000-5%=7,600,000

5%=400,000 Real-estate agent commission

8,000,000-6%=7,520,000

6%=480,000 Expense (BIR tax)

480,000+400,000=880,000

8,000,000-880,000=7,120,000

Explanation:

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