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October 2022 1 2 Report
Mr Chaves obtained P6,000,000 mortgage to purchase a house. The mortgage will be repaid for 20 years at 8% per annum compounded semi-Annually. How much is the total amount paid after 20 years?
A. P12,125,637.6
B. P13,125,637.6
C. P14,125,637.6
D. P15,125,637.6

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