2. Blithe Geezer, a streetwear startup, plans to launch a massive first collection on its opening. Considering the owner's timeframe, he wants to open his brand after 10 years, at which time he needs...

Extracted text: 2. Blithe Geezer, a streetwear startup, plans to launch a massive first collection on its opening. Considering the owner's timeframe, he wants to open his brand after 10 years, at which time he needs P350,000 capital. If the owner decides to deposit a certain amount on the 5" year and plans to increase his deposit by 10% per quarter for 5 years, how much is his initial deposit if money may be deposited at 4% compounded annually?