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 142,999.08
• B. P 143,999.08
• C. P 142,189.67
• D. P 143,104.89

Answer: (B)