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A chemical engineer wishes to set up a special fund by making uniform semi-annual end-of- period deposits for 20 years. The fund is to provide

A chemical engineer wishes to set up a special fund by making uniform semi-annual end-of- period deposits for 20 years. The fund is to provide Php 100,000 at the end of each of the last five years of the 20 year period. If interest is 8% compounded semi-annually, what is the required semi-annual deposit to be made

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