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A loan was to be amortized by making payments of P30,000 after one year, P45,000 after three years and P60,000 after six years. If the

A loan was to be amortized by making payments of P30,000 after one year, P45,000 after three years and P60,000 after six years. If the loan was renegotiated to provide equal end-of-year payments, what was the annual payment with interest at 11%?

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