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Daniel, 22 years old, has just graduated from University. He accepts a good job and desires to establish his own retirement fund. At the end

Daniel, 22 years old, has just graduated from University. He accepts a good job and desires to establish his own retirement fund. At the end of each year thereafter he plans to deposit P2,000.00 in a fund at 15% annual interest. How old will he be when the fund has accumulated value of P1,000,000.00?

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University Physics with Modern Physics

Authors: Hugh D. Young, Roger A. Freedman

14th edition

978-0133977981

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