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Mathematics, 14.08.2019 08:10 ramberson101

Abusinessman borrowed p3,000,000 with interest at the rate of 6% compounded annually. he agrees to discharge his obligations by paying a series of 6 annual payment, the first being due at the end of the fifth year. determine the value of his annual payment. a. 500,000 b. 770,222 c. 726,625 d. 600,000

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