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Your siblings plan to deposit a total of PHP 60,000 at a common bank account each year starting this year (the amount is deposited at
Your siblings plan to deposit a total of PHP 60,000 at a common bank account each year starting this year (the amount is deposited at the end of the year). These deposits will run for 5 years. Determine how much will be the value of your sibling's money in 8 years. i = 10% compounded semiannually.
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