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Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need P350,000 in eighteen years. If they are

Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need P350,000 in eighteen years. If they are able to earn 5% per annum, how much must be deposited at the end of each of the next eighteen years to fund the education?

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