On January 1, 2021. Minatozaki is planning to go to Bohol for a vacation. To materialize this…

On January 1, 2021. Minatozaki is planning to go to Bohol
for a vacation. To materialize this plan, she needs to invest his
current savings to TZU Financial Institution for 2 years with an
interest rate of 9%. She is expecting the following expenses:

Hotel: 10,000

Food: 3,000

Transportation expenses: 2,000

Swap testing (Mandatory): 2,000

If he already has P5,000 today.

How much should she invest on January 1, 2022 for him to materialize this plan?

(Round off the final answer to 2 decimal places, do not use
comma or peso sign. A correct answer, without following this
instruction is a WRONG ANSWER)