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Aman bought a car costing P500,000 payable in 5 years at a rate of 20% compounded semi-annually in installment basis. If each semiannual payment is

Aman bought a car costing P500,000 payable in 5 years at a rate of 20% compounded semi-annually in installment basis. If each semiannual payment is payable at the beginning of each period, determine the amount of each payment.

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