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A friend of yours just purchased a P10,000 bond that was discounted to sell for P7,500. It is a 6% bond with interest payable annually

A friend of yours just purchased a P10,000 bond that was discounted to sell for P7,500. It is a 6% bond with interest payable annually that matures in 7 years. In exactly 3 years, your friend plans to sell the bond at a price that gives the buyer a 12% interest rate compounded annually. For how much will your friend sell the bond?

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