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A property worth P14.5M is purchased with a P3M down payment. The balance of P11.5M is to be paid quarterly in 10 years at 12%

A property worth P14.5M is purchased with a P3M down payment. The balance of P11.5M is to be paid quarterly in 10 years at 12% compounded quarterly.

22. How much is the quarterly payment for the balance?

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