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On January 1, 2012, ABC Company purchased a serial bond with a face value of Php 3,000,000 at a cost of Php 3,102568. The stated interest of the bond is 12% and interest and principal are payable annually every December 31. The bonds are to be held with a 10% effective yield. The bonds mature at annual installment of Php 1,000,000 every year.
Required:
Problem a: Based on the above, compute the following:
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