A total of 50 bonds is issued by a corporation at ₱ 1,000 face value each. The bonds are to be redeem by the corporation after 15 years. A fund is established by means of an ordinary annuity for redemption, the interest rate being 4 % compounded annually. Find the annual deposit for this fund.

Q: O P4,965 O P2,664 O P4,664 O P2,465

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Q: d

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