What is the accumulated amount of a 10-year annuity paying ₱ 10,000 at the end of each year, with interest at 15% compounded annually?
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A: Given: Perpetuity = 1,000 Interest rate = 8% Starting from year 5.
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What is the accumulated amount of a 10-year annuity paying ₱ 10,000 at the end of each year, with interest at 15% compounded annually?
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