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Directions: Solve the following problems SITUATION 1:Kate have been dreaming of a house since she was a teenager. She found it at a selling price

Directions: Solve the following problems

SITUATION 1:Kate have been dreaming of a house since she was a teenager. She found it at a selling price of P580,000 with an interest rate of 5.5%. Determine the equal period payments if: 1. rate is compounded monthly for 1 year 2. rate is compounded quarterly for 3 years

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