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The buyer of a certain machine is given 2 options to pay it: 1st option is paying it P419,449 down payment and P279,741 semi-annually for

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The buyer of a certain machine is given 2 options to pay it: 1st option is paying it P419,449 down payment and P279,741 semi-annually for the next 5 year, starting six months from now, 2nd option is to pay it P350,000 down payment and P200,000 annually for the next 5 years. If the money is worth 22% compounded semi-annually, what is the present value of the 1st option

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