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An engineer wishes to set up a special fund by making uniform semiannual start-of-period (period 0) deposits for 10 years. The fund is to provide
An engineer wishes to set up a special fund by making uniform semiannual start-of-period (period 0) deposits for 10 years. The fund is to provide P100,000 at the end of each year of the last five years of the 10-year period. If interest is 10% compounded yearly, what is the required semiannual deposit to be made?
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