On the day you were born, your grandfather deposited 2,000,000 on a trust fund for your University tuition. The investment house who manages the trust fund provides for 10 % interest per year for 25 years. The trust fund will pay for the tuition for your studies for up to five years provided it will provide you with an annuity from your 18th birthday onwards. You decided to enroll in a university that required an annual tuition of P500,000, and the trust fund provided for your tuition. On your 25th birthday, you will be given a lump sum that represents the balance of your trust fund. How much should you expect to receive?

With the same trust fund your grandfather established for you: P2 M seed money, 25 years at 10% interest annually. How much is the highest amount of annual tuition your trust fund can provide if you want to receive half a million pesos on your 25th birthday?