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Ken deposits P 100,000 today and another P200,000 in five years into a fund that pays simple discount at 5% p.a. Ian makes the same
Ken deposits P 100,000 today and another P200,000 in five years into a fund that pays simple discount at 5% p.a. Ian makes the same deposits into another fund that credits interest at 10% effective per year, but at time n and 2n, respectively. At the end of 10 years, the accumulated value of Ken's deposits is exactly the same as the accumulated value of Ian's deposits. Calculate n
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