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To create a fund of P1,000,000, how many deposits of P48,000 must be placed at the beginning of each month if money accumulates at the interest rate of 6% compounded monthly?

Today, March 1, a refrigerator can be purchased by paying P3,500 down payment and a sequence of 12 monthly payments of P1,250, the first to start on July 1. If money costs 16% compounded monthly, find the items cash value.

For five years, P200,000 will be deposited in a fund at the beginning of each six months. The moneys worth is 10.5% compounded semi-annually. How much is in the fund at the end of 4 years just after the last deposit is made?