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On the 7th birthday of her daughter, Shirley deposited an amount in a bank peso bond fund that pays 1.0% interest compounded anually, How much

On the 7th birthday of her daughter, Shirley deposited an amount in a bank peso bond fund that pays 1.0% interest compounded anually, How much should she deposit if she wants to have Php100, 000 on her daughters 18th birthday?

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