A P 2.75 million discounted loan which includes interest needs to be paid by a single payment after three years it was approved by a credit Company. To prepare for such payment, the debtor of the said loan initially deposited an amount of P 2, 750,000.00 on a bank that earns 12% compounded semi-annually four months after the loan was released. Six months after the first deposit, he again deposited an amount of P 675, 000.00 on his account. Third deposit happens five months after the second deposit amounting to P 540,000.00. Seven months after the third deposit, another deposit happens amounting to P 420, 000.00 and then last deposit happens three months earlier than the given period of payment amounting to P 380, 000. 00. Assume interest rate same as that on a bank.

a) How much actual amount of money was released to the debtor?

b) Does the amount of money on his account enough to pay his obligation after the said period? If not, how much more is needed?

c) If four months after the third deposit, the debtor withdrew all his money on his account and wishes to pay his obligations to the credit company, how much more amount of money will the debtor needs?