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What the amount will have in the account by the end

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Problem 1: PERRY has P750,000 in bank account as of Dec. 31, 2016. If he deposited P40,000 in the account at the end of each next three years and the account earns 8% per annum, the amount he will have in the account by the end of 2019 will be closest to

A. P920,000

B. P960,000

C. P1,070,000

D. P1,120,000

Reference no: EM132826600

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