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October 2022 1 9 Report
A store advertises a motorcycle for P3, 000.00 down payment and P3, 000.00 every end of the month for 15months. What type of annuity is observed in this situation if interest is compounded quarterly? *
• Simple Ordinary Annuity
• General Ordinary Annuity
• None of these
• Simple Annuity Due​

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