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Adam got a deal to lend P60,000 today and in return, he will receive twenty-five annual payments of P6,000 each. The annuity will start five

Adam got a deal to lend P60,000 today and in return, he will receive twenty-five annual payments of P6,000 each. The annuity will start five years from now and the effective rate of interest will be 6%. Determine whether the deal is a feasible one for John if the payment is ordinary annuity and annuity due

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