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A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he wants to receive Php. 15,000 at

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A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he wants to receive Php. 15,000 at the end of each year for 5 years? Note: annuity is Php 15,000... a. Php 64072 b. Php 54071 c. Php 45070 d. Php 56072

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