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A wealthy philanthropist wanted to put up a charitable foundation. The foundation decided to put up P1,200,000 from the amount to provide facilities at the

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A wealthy philanthropist wanted to put up a charitable foundation. The foundation decided to put up P1,200,000 from the amount to provide facilities at the start ant the rest deposited as savings. If the interest of money will not change at 6 percent annually, how much is the perpetual yearly amount that can be withdrawn from the fund savings to finance charitable projects

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