25
A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?
- AP 142,999.08
- BP 143,104.89
- CP 142,189.67
- DP 143,999.08
Correct answer: D