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What elgin should make four annual deposits of

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Problem 1: On January 15, 2018, Elgin Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2022, at an estimated cost of P1,500,000. Elgin plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2018. Elgin should make four annual deposits (rounded) of

Reference no: EM132697496

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