1. The day you were born, your grandfather deposited ₱2,000,000 in a trust fund for your college tuition. The investment house that manages the trust fund provides interest at 10% per year for 25 years. The trust fund will pay your tuition for up to five years, as long as it provides you with an annuity starting at age 18. He decided to enroll in a university that required an annual tuition of P500,000 and the trust fund provided his tuition. On your 25th birthday, you will be given a lump sum representing the balance of your trust fund. How much should you expect to receive?