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The following expenses will be incurred by company X: next year = P50k, 2015 = P70k, 2016 = P100k. To accumulate these sums, a fund

The following expenses will be incurred by company X: next year = P50k, 2015 = P70k, 2016 = P100k. To accumulate these sums, a fund is established by making equal year-end deposits starting 2010 to 2015. If the fund earns 12% compounded annually, what is the required amount of the annual deposit?

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