An employee has a promissory note, due 5 years hence, whose maturity value is P70,000.

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An employee has a promissory note, due 5 years hence, whose maturity value is P70,000. If the rate of interest is 12% compounded semi-annually, what is the value of this note now?

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An employee has a promissory note, due 5 years hence, whose maturity value is P70,000.

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