Fund Accumulation Problem 2: On December 31, 2009, a board resolution was approved for the accumulation of funds to be used

for the plant

expansion of Dali Naman Company. The resolution indicates that an amount of P10,000,000, which is approximately equal to the cost of
expansion is to be accumulated within 5 years with the following contribution made at the start of the year: Year 1 and Year 2 – P2,500,000, Year
3 to Year 5 will be equally depending on the amount needed to accumulate the needed funds after considering the return that the funds will earn
from investment.