Jason makes 20 semi-annual deposits of P15,000 each in a savings account paying 6% compounded semi-annually, starting from his 25th birthday. If the accumulated account balance is to be withdrawn on his 50th birthday, how much money will he have by that time?

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Jason makes 20 semi-annual deposits of P15,000 each in a savings account
paying 6% compounded semi-annually, starting from his 25th birthday. If the accumulated account balance is to be withdrawn on his 50th birthday, how much money will he have by that time?

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