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Mr. Hermoso has already accumulated P2.3 million in his retirement plan. His goal is to build it to P6 million with equal contribution at the

Mr. Hermoso has already accumulated P2.3 million in his retirement plan. His goal is to build it to P6 million with equal contribution at the beginning of every 6 months for the next 8 years. If his retirement plan earns 10% compounded semiannually, what must be the size of further contributions?

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