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Melvin obtained a bank loan with the option of paying 20,000 monthly for two years. After four months, the first payment is due. What is

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Melvin obtained a bank loan with the option of paying 20,000 monthly for two years. After four months, the first payment is due. What is the loan's present value if the interest rate is 10% converted monthly? A. P422,759.78 B. P422,795.78 C. P422,597.78 D. P422,579.78

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