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Jenalyn and Macs is planning to finance their seven year old son's security fund. They have established a security fund that earns 12.5% compounded quarterly.

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Jenalyn and Macs is planning to finance their seven year old son's security fund. They have established a security fund that earns 12.5% compounded quarterly. What annual deposit must be made from the son's seventh birthday (now) to his 25th birthday to meet the expected fund shown in the table below. BIRTHDAY DEPOSIT WITHDRAWAL 7-25 A 26 27 PhP 48,000 28 Php 47,000 29 PhP 46,000 30 PhP 45.000

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