A company will borrow a loan to finance a 10-year project that will require an initial installation cost of ₱2,500,000. After 2 years another P500,000 and a regular annual upkeep cost of ₱75,000 paid...

A company will borrow a loan to finance a 10-year project that will require an initial installation cost of ₱2,500,000. After 2 years another P500,000 and a regular annual upkeep cost of ₱75,000 paid every end of the year. If the interest rate of the loan is 2% per annum, what amount should be
loaned?