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25. Suppose that a fixed sum of money, X, will be deposited in a savings account at the end of each year for 20 years.

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25. Suppose that a fixed sum of money, X, will be deposited in a savings account at the end of each year for 20 years. If the bank pays 6% per year, compounded annually, find X such that a total of P50,000 will be accumulated at the end of the 20-year period. O P1,953 P2,953 O P2,359 O P1,359

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