Question: Please answer it correctly with detailed solutions 2. Mary Czech wishes to determine the equal annual end- of-year deposits required to accumulate P5,000,000 at the

Please answer it correctly with detailed solutions 2. Mary Czech wishes

Please answer it correctly with detailed solutions

2. Mary Czech wishes to determine the equal annual end- of-year deposits required to accumulate P5,000,000 at the end of 5 years when her son enters college. The interest rate is 10 percent. The annual deposit is

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