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Today, March 1, a refrigerator can be purchased by paying P3,500 down payment and a sequence of 12 monthly payments of P1,250, the first to
Today, March 1, a refrigerator can be purchased by paying P3,500 down payment and a sequence of 12 monthly payments of P1,250, the first to start on July 1. If money costs 16% compounded monthly, find the item's cash value. O P18,500.00 O P16,740.31 P17,124.23 O P13,240.31
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