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A manufacture borrows P2,843,737 with interest at 8% compounded monthly, and agrees to discharge the loan...

A manufacture borrows P2,843,737 with interest at 8% compounded monthly, and agrees to discharge the loan by a sequence of equal monthly payments for 5 years with the first payment at the beginning of the 4th year. Find the periodic payment.
DEFERRED ANNUITY.

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