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instead of paying php9,500 rental at the beginning of each month for the next 7 1/2 years, Mrs. Santos decided to buy a small lot

instead of paying php9,500 rental at the beginning of each month for the next 7 1/2 years, Mrs. Santos decided to buy a small lot in the province. if the cash equivalent of the lots is php 30,819. what is the rate compounded monthly? show your solutions

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