Question: Read each problem carefully about calculating the present value and period of deferrar of a deferred annuity and perform the appropriate solutions to answer the

Read each problem carefully about calculating the present value and period of deferrar of a deferred annuity and perform the appropriate solutions to answer the problem. 1. A group of college students decided to invest the money they earned from the fund-raising project. After 6 months from today, they want to withdraw from this fund P 10,000.00 quarterly for 1 year to fund for community service. How much is the present total deposit if the interest rate is 4% converted quarterly? ACE

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