You are planning to save enough money to buy a brand new car five years from now. You are setting a budget of Php 1,000,000 for this purchase. Your plan is to accumulate the amount by making three savings deposits at an interest rate of 10%.

Deposit 1: Deposit Php 100,000 today,

Deposit 2: Deposit Php 150,000 two years from now,

Deposit 3: Deposit an amount Php X three years from now.

How much do you need to invest in year three to ensure that you have the necessary fund to buy the new car at the end of year five?