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1. A company employee loans P100,000 from a bank with interest at 8% compounded quarterly. He then agrees to pay 6 equal quarterly payments to

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1. A company employee loans P100,000 from a bank with interest at 8% compounded quarterly. He then agrees to pay 6 equal quarterly payments to settle the loan, the first being due at the end of the 8th quarter. Compute for the quarterly payment, Show the cashflow diagram

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