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A person buys a piece of lot for P 100 000...

This question belongs to Civil Engineering Engineering Economics
Engineering Economics
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A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?

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Correct Answer: Option D
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