. and Mrs. Dela Cruz wishes to develop a fund for a newborn child s college education. The fund is to pay P70,000 on the 18th, 19th, 20th, and 21st birthdays of the child. The deposit of fixed sum will build the fund on the child s first to seventeenth birthdays. Find the fixed sum if money worth 4% per annum."
. and Mrs. Dela Cruz wishes to develop a fund for a newborn child s college education. The fund is to pay P70,000 on the 18th, 19th, 20th, and 21st birthdays of the child. The deposit of fixed sum will build the fund on the child s first to seventeenth birthdays. Find the fixed sum if money worth 4% per annum."
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Mr. and Mrs. Dela Cruz wishes to develop a fund for a newborn child s college education. The fund is to pay P70,000 on the 18th, 19th, 20th, and 21st birthdays of the child. The deposit of fixed sum will build the fund on the child s first to seventeenth birthdays. Find the fixed sum if money worth 4% per annum."
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