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 ?
A. P 143,999.08
B. P 142,189.67
C. P 143,104.89
D. P 142,999.08
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