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A milling machine can be bought with a downpayment of P 149,305 and equal installment of P 16,447 each paid at the end of every

A milling machine can be bought with a downpayment of P 149,305 and equal installment of P 16,447 each paid at the end of every six (6) months for 12 semi-annual period. If money is worth 22 % cpd. semi-annually, find the equivalent cash price of the machine.

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