8. Student F asked money amounting to P 9,000 from his parents on the first month 2020 and 12,000 on 2022. He was able to pay P7,000 in 2023. He told his parents he used the money to buy Pets in...

Extracted text: 8. Student F asked money amounting to P 9,000 from his parents on the first month 2020 and 12,000 on 2022. He was able to pay P7,000 in 2023. He told his parents he used the money to buy Pets in Mydefipets. His parents agreed but in the condition that the remaining will be paid on the first month of 2024 while, the second amount on the first month of 2025 will be 50% larger than that of the previous year. Find the amount of each payment if the interest is at 12% annually.