Aman started working on his 22"d birthday and plans to make a down payment for a condominium unit on his 23\"\" birthday. The condominium unit is worth Php 5M today and requires a 15% initial payment. Anticipated increase on the value of real estates is 10% by the time he has accumulated the amount for the down payment. If he intends to make equal deposits into an account earning 7% beginning one year after his rst day at work, how much should the deposits be