Compute for the following present values.

No.	Transactions	Present Value/ Carrying Value Beg.	Carrying Value December 31, 2022
1.	On January 1, 2020, Company A issued Non-interest bearing note payable on December 31, 2024, P 5,000,000. The market interest rate for this type of transaction is 12%.
2.	On January 1, 2020, Company A issued Non-interest bearing note payable in five equal installments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%.