You set an agreement with your dad and allowed him to settle a P200,000 down payment for your new car. You also requested your dad to pay for your monthly deposit of P10,000 a month for 5 years, the first month on which will start after your down payment. Part of your agreement is that you are going to repay him in full payment after the end of the 8th year at 2% compounded monthly. How much will be your payment to your dad at the end of the 8th year