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Peter was propositioned to lend Php 60,000.00 today in return, he will receive 25 annual payments of Php 6,000.00 each. The annuity will start five

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Peter was propositioned to lend Php 60,000.00 today in return, he will receive 25 annual payments of Php 6,000.00 each. The annuity will start five years from now on the effective rate of interest will be 6%. Determine whether the deal is a feasible one for Peter. If the payment is ordinary annuity and annuity due. Show Solution

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