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3. 115 pts) ABC Construction plans to build an additional building at the end of 10 years for an estimated cost of P 5,000,000.00. To
3. 115 pts) ABC Construction plans to build an additional building at the end of 10 years for an estimated cost of P 5,000,000.00. To accumulate this amount it will have equal year end deposits in a fund earning 13%. a. How much is this uniform year end deposit? However, at the end of the 5th year, it was decided to have a larger building that originally intended to have an estimated cost of P 8,000,000.00. b. What is the balance amount at the end of 10 years? c. What should be the uniform annual deposit that the firm need to have for the last 5 years
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