The current market value of a real estate lot in Quezon City is about ₱ 40,000 per square meter. Moreover, market prices are expected to increase by 6% every year. Meanwhile, a special deposit account...

The current market value of a real estate lot in Quezon City is about ₱40,000 per square meter. Moreover, market prices are expected to increase by 6% every year. Meanwhile, a special deposit account is offering to pay an interest rate of 7% compounded quarterly. How much should you invest now in order to be able to buy a 400 square meter lot 10 years from now?