Vince wants to purchase a car. A car dealer offers him a car which he has to pay P50,000.00 yearly for 10 years with an interest rate of 6% compounded annually. The payment will start after 5 years. What is the present value of the deferred annuity?
a. P274,994.26
b. P264,994.26
c. P254,994.26
d. P244,994.26
a. P274,994.26
b. P264,994.26
c. P254,994.26
d. P244,994.26
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A.274,994.26 makatulong sna