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Mrs. Lina Aquino wants an annual cash return of P150,000 for the next six years after the investment. The rate of this type of investment

Mrs. Lina Aquino wants an annual cash return of P150,000 for the next six years after the investment. The rate of this type of investment is currently pegged at 6%, p.a., net of 20% final withholding tax. How much should Mrs. Aquino invest today? Show solution

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