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For nos. 1-3. 1. Mrs. Santos received two offers on a lot that he wants to sell. Mr. Garcia has offered ₱40,000 and ₱1,500,000 lump sum payment 4 years from now. Mr. Bernardo has offered ₱40,000 plus ₱55,000 every quarter for 4 years. Compare the fair market value of the two offers if the money can earn 7% compounded annually. What is the fair market value of Mr. Garcia's offer?​