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The buyer of a certain machine may pay either P50k cash down payment & P10k each for the next 6 years, or pay P75k cash

The buyer of a certain machine may pay either P50k cash down payment & P10k each for the next 6 years, or pay P75k cash & P10k each for the next 6 years, starting next year. If money is worth 12% compounded bimonthly, which method is better for the buyer and by how much?

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