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L.A. Corporation is planning to create a fund by depositing P1,520 every quarter for 8 years in a bank that promises to pay a fixed

L.A. Corporation is planning to create a fund by depositing P1,520 every quarter for 8 years in a bank that promises to pay a fixed rate over the entire term. Find the rate converted quarterly if the amount in the fund at the end of the term is P60,000.

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