An amount of P450,000 is needed by Mr. Solis for his business expansion at the end of 2 years. To accumulate this amount, Mr. Solis will deposit equal amounts at the beginning of each month for 2 years. How much must be deposited monthly if money is worth 6% converted monthly? None among the other given choices Php12,345.78 Php17,606.24 Php16,356.24