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Answer to Question #318925 in Electrical Engineering for Jhay Jeff
Question #318925
4. Michael owes P25,000 due in 1 year and P75,000 due in 4 years. He agrees to pay
P50,000 today and the balance in 2 years. How much must he pay at the end of two
years if money is worth 5% compounded semi-annually?
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