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Mrs. Mally Patton deposited P90,000 as a gift to her favorite niece, Hulla Balleto who will graduate two years from now in the Accountancy program.

  1. Mrs. Mally Patton deposited P90,000 as a gift to her favorite niece, Hulla Balleto who will graduate two years from now in the Accountancy program. The interest rate is 12% compounded every 4 months.What is the total value of the gift to be received by the niece when she graduates?

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