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What is the value after three years of deposits

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Q1. Mercury Company wishes to find out what will be the worth of their investment if they deposit P10 million each year for 4 years starting at the end of year 1 if the interest rate is 5%?

Q2. Oberon corporation invested P7 million each year for three years given a 5% interest rate. The first deposit is done at the start of each year. What is the value after three years of deposits?

Reference no: EM133170589

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