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You were offered a Land Bank certificate with a face value of P100,000. The bond is bearing an interest of 6% per year payable semi-annually

You were offered a Land Bank certificate with a face value of P100,000. The bond is bearing an interest of 6% per year payable semi-annually and due in 6 years. If you want to earn 8% semi-annually, how much are you willing to pay for the certificate?

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