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2. Savannah purchased a MacBook for P80,000 on May 13, 13. A sequence of semi-annual payments will begin now
2009. She paid P10,000 cash and agreed to pay the and will continue forever. Find the size of the payments
balance plus interest at 9 ½ % compounded annually
if the present value of the perpetuity is P35,000 and
in 14 annual payments, with the first payment due on
money is worth 14% compounded quarterly.
May 13, 2012. What is the size of each payment?