Mathematics, 19.02.2021 14:00 jyah

On the 40th birthday, Mr. Ramos decided to buy a pension plan for himself. This plan will allow him to claim P10,000.00 quarterly for 5 years starting 3 months after his 60th birthday. What one-time payment should he make on his
40th birthday to pay off his pension plan, if the interest rate is 8% compounded quarterly?

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