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A telemarketing company bought a new office space for P720,000 down payment and monthly installments of P40,000 at the end of each month for 42

A telemarketing company bought a new office space for P720,000 down payment and monthly installments of P40,000 at the end of each month for 42 months. What is the cash equivalent of the property if money is worth 12% compounded monthly? (Ordinary Annuity) P2,281,250.57 P2,523,500.50 P2,086,324.33 P2,190,844.67

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