You plan to accumulate ph450000 over a period of 12 years, Finance Basics

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You plan to accumulate ph450000 over a period of 12 years

Question: You plan to accumulate Ph450,000 over a period of 12 years by making equal annual deposits in an account that pays an annual interest rate of 9% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your goal?

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Finance Basics: You plan to accumulate ph450000 over a period of 12 years

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