Problem 2. Dianne is planning to buy a house and lot. The required down payment is P300,000. Her balance will be paid at P 15,200 every month for 20 years. If money is 10% compounded monthly, how much is the cash value of the house and lot? Problem 3. In a monthly payment of P 1,000 for 9 years that will start 9 months from now, find the period of deferral.

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