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A sinking fund is to be created by depositing P500 at the end of every 6 months in a bank that credits 10% compounded semiannually.

A sinking fund is to be created by depositing P500 at the end of every 6 months in a bank that credits 10% compounded semiannually. How much is in the fund after his 6th deposit?

A. P2834

B. P2742

C. P2952

D. P2615

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