5. In order to raise fund worth Php10, 000,000, a man started depositing Php50, 000 at the end of every month in a bank that offers interest rate of 16% compounded monthly. After two years of...

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Extracted text: 5. In order to raise fund worth Php10, 000,000, a man started depositing Php50, 000 at the end of every month in a bank that offers interest rate of 16% compounded monthly. After two years of depositing, the man felt he could hardly sustain his monthly deposit so he reduced it to Php20, 000. With the new deposit, haw much more time is added to the original time it would have taken him to raise the target amount if only he has maintairied his original deposit?