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There is an available investment giving 7% per annum. I promised my nephew that he will receive Php 5,000 in the 1st year, Php 10,000

There is an available investment giving 7% per annum. I promised my nephew that he will receive Php 5,000 in the 1st year, Php 10,000 in the 3rd year, and Php 15,000 in the 5th year. 


How much money should I invest now to provide the amount for my nephew?

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