Given  2. Formula to be used:  3. Required 4. Cash flow diagram (for annuity problems) 5. Manual Solution (box the final answer)    A man wishes to prepare the future of his 10-year-old son. Determine the monthlysavings that the man should make with interest of 5.41% per annum to amount P120,000 at the time his son will be 18

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A:

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Q: 3. Give your answers to parts (a) to (e) to the nearest dollar. On Jake's 16th birthday his parents…

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