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An electrical engineer desires to set up a fund by making uniform monthly end-of-period deposits for a decade. The fund will provide 250000 PHP at
An electrical engineer desires to set up a fund by making uniform monthly end-of-period deposits for a decade. The fund will provide 250000 PHP at the end of each of the last 3 yrs of the entire period. If the interest is 6% compounded monthly, what is the monthly payable?
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