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4.0 An engineer wishes to takeaut a P150,000 educational policy for his son. If money is worth 14% effective , find the premiums to be

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4.0 An engineer wishes to takeaut a P150,000 educational policy for his son. If money is worth 14% effective , find the premiums to be paid a) if five yearly payments are needed;b) if 20 yearly payments are required Ans. a) P38,326.78 b) P10,057.55

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