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5 Determine the amount to be deposited semi-annually in a sinking fund for five years if it is desired to accumulate P1.5 Million after eight

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5 Determine the amount to be deposited semi-annually in a sinking fund for five years if it is desired to accumulate P1.5 Million after eight years. The first deposit is due six months from now and interest is 7% compounded continuously . A) B) P67,104 P162,929 C) D) P103,346.50 16,293

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