4. A chemical engineer wishes to set-up a special fund by making uniform semiannual end-of-period deposits for 20 years.The fund is to provide P100,000 at the end of each of the last five years of the 20-year period. If interest is 8%compounded semiannually, what is the required semiannual deposits to be made? (Ans. 6,193.39)
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