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A man invests Php 2 0 , 0 0 0 now for the college education of his 5 - year old son. If the fund

A man invests Php

20, 000

now for the college education of his

5 -

year old son.

If the fund earns

14 %

effective, how much will the son get each year starting from his

18

th to the

22

nd birthday?

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