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Cynthia purchased a small lot in a subdivision, paying P200,000 down and promising to pay P14,000 every 3 months for the next 11 years. The
Cynthia purchased a small lot in a subdivision, paying P200,000 down and promising to pay P14,000 every 3 months for the next 11 years. The seller figured interest at 14% compounded quarterly. If Cynthia missed the first 10 payments, what must he pay when the 11th payment is due to discharge his entire indebtedness?
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