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3. A newly-married couple bought a house and lot worth Php1,400,000. They paid a down payment of Php280,000 with an agreement to pay the balance

3. A newly-married couple bought a house and lot worth Php1,400,000. They paid a down payment of Php280,000 with an agreement to pay the balance in 15 years at 18% compounded quarterly. How much is the quarterly payment

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