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A businessman borrowed P 3 0 0 , 0 0 0 with interest at the rate of 6 % compounded annually. He agrees to discharge
A businessman borrowed P with interest at the rate of compounded annually.
He agrees to discharge his obligation by paying a series of equal annual payments,
the first being due at the end of the th year.
Which of the following gives the total sum of all his payments.
a P
b P
c P
d P
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