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In order to modernize a manufacturing firm at the end of 4 years at a cost of Php 5,000,000. , the management will form a

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In order to modernize a manufacturing firm at the end of 4 years at a cost of Php 5,000,000. , the management will form a fund by making equal deposits at the end of each 6 months. How much is the periodic deposit if money is invested at 12% compounded semi-annually? Php 805179.71 Php289462.95 Php 505,179.71 Php 2,205,375.25

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