A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest rate of 6% compounded annually. If money is worth 3% compounded monthly, how much should he pay...

A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest rate of 6% compounded annually. If money is worth 3% compounded monthly, how much should he pay monthly in order to discharge his debt 10 years hence?