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Your grandparents have decided to sell their real estate property in Valenzuela City and they are planning
to purchase a condominium unit in Pasig City. They posted an online advertisement for this. A week after
two offers came
Offer 1:7500.000 down payment plus P1,500,000 lump-sum payment 10 years from now
Offer 2: P500,000 down payment plus P12,500 per month for 10 years.
Which among the two offers should your grandparents choose if the payment will have an interest
of 12% compounded monthly? Find the fair market value of the two offers.



Paki sagot​


Sagot :

Answer:

1,371,256.53

Step-by-step explanation:

The second offer is better for the grandparents.

Can't post the step by step solution.

Hope it helps.