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A man buys a house & lot for 1,291,265 downpayment and ten (10) equal semi-annual...

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A man buys a house & lot for 1,291,265 downpayment and ten (10) equal semi-annual payments of 161,245 with the 1st payment starting three years from now. What is the present value of the investment if the rate of interest is 21 cpd. semi-annually

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