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A man buys a house & lot for P 1291265 downpayment and ten (10) equal quarterly payments of P 161245 with the 1st payment starting

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A man buys a house & lot for P 1291265 downpayment and ten (10) equal quarterly payments of P 161245 with the 1st payment starting three years from now. What is the present value of the investment if the rate of interest is 21 cpd. quarterly

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