5. A man decided to sell his farm and to deposit the fund in a bank. After computing the interest, they learned that they may be withdraw Php180,000 semi annually for 11 years starting at the end of 7...

5. A man decided to sell his farm and to deposit the fund in a bank. After computing the interest,<br>they learned that they may be withdraw Php180,000 semi annually for 11 years starting at the end<br>of 7 years when it is time for him to retire. How much is the fund deposited if the interest rate is 5%<br>converted semi annually?<br>

Extracted text: 5. A man decided to sell his farm and to deposit the fund in a bank. After computing the interest, they learned that they may be withdraw Php180,000 semi annually for 11 years starting at the end of 7 years when it is time for him to retire. How much is the fund deposited if the interest rate is 5% converted semi annually?

Jun 05, 2022

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5. A man decided to sell his farm and to deposit the fund in a bank. After computing the interest, they learned that they may be withdraw Php180,000 semi annually for 11 years starting at the end of 7...

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