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A refrigerator is for sale at Php. 17, 999 in cash or on terms, Php. 1, 600 each month for the next 12 months. Money

A refrigerator is for sale at Php. 17, 999 in cash or on terms, Php. 1, 600 each month for the next 12 months. Money is 9% compounded monthly is lower, the cash price or the present value of the installment terms?

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