When Xian was born, his father Brian deposited a sum of money for the college education of Xian. Brian approximates that when Xian enrolls in college, the annual tuition fee will be about P200,000. So for the duration of his 4-year college course, Brian needs about P800,000. How much did he deposit semi-annually in a fund that earns interest at the rate of 5.5% compounded semi-annually?

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