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A business woman is trying to calculate the present worth of personnel salaries over the next five years. She has 32 employees whose combined salaries
- A business woman is trying to calculate the present worth of personnel salaries over the next five years. She has 32 employees whose combined salaries thru the end of this year is P9.4 million. If she expects to give each employee a raise of 5% each year, compute the present worth of her employees' salaries at an interest rate of 12% per year. Estimate its annual equivalent.
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