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2. What is the present value of a 3-year annuity of PHP100 if the discount rate is 6%? 3. What is the present value of

2. What is the present value of a 3-year annuity of PHP100 if the discount rate is 6%?

3. What is the present value of a 5-year annuity payment of PHP1,000 with a discount rate of 5% if the first payment will be made today?3

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