1. Find the present value of a deferred annuity of ₱4722 every six months for 5 years that is deferred for 1 years, if m

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answerhappygod
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1. Find the present value of a deferred annuity of ₱4722 every six months for 5 years that is deferred for 1 years, if m

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1. Find the present value of a deferred annuity of ₱4722 every six months for 5 years that is deferred for 1 years, if money is worth 1% compounded semi-annually.
2. Don Solomon wants to set up a scholarship program with his alma mater. If ₱505651 is needed per year for the scholars, how much must he invest today at 1.4% compounded annually to fund the scholarship program in perpetuity?
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