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Hello can anyone explain how to get the answer? No excel please. Thank you very much 2.) You are to pay a bill in Meralco

Hello can anyone explain how to get the answer? No excel please. Thank you very much

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2.) You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you paid is 60k pesos at a rate of 6% per year. The first payment is done after 4 years. How much are you paying every payment? ANSWER: A = 122.5433

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