Find the present worth of a series of equal quarterly payments of P 750.00 for 16 years with the first payment starting three months from now. The applied interest rates are: 1% compounded quarterly...

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Extracted text: Find the present worth of a series of equal quarterly payments of P 750.00 for 16 years with the first payment starting three months from now. The applied interest rates are: 1% compounded quarterly for the first five years, 4% compounded quarterly for the next four years, and 2% compounded quarterly for the remaining seven years.