You are forecasting the amount of plane tickets. Based on your study, it is likely that airplane tickets will increase 8% in each of the next four years. The cost of the plane ticket at the end of...

You are forecasting the amount of plane tickets. Based on your study, it is likely that airplane tickets will increase 8% in each of the next four years. The cost of the plane ticket at the end of first year will be P2303. How much money would be placed in the savings account of the customers NOW to have money to pay a customer's travel home at the end of each year for the next four years? Assume that the savings account pays 5% annual interest.

Show complete solution with cash flow diagram.