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A farmer brought a tractor costing 25,000 pesos payable in 10 semi-annual payments, each installment payable at the beginning of each period. If the rate
A farmer brought a tractor costing 25,000 pesos payable in 10 semi-annual payments, each installment payable at the beginning of each period. If the rate of interest is 26% compounded semi-annually, determine the amount of each installment.
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