3. If money is worth 10% compounded quarterly, which of the following obligations is more valuable? Use at the end of 9 years as comparison date. a. ₱ XXXXXXXXXXdue at the end of 9 years without...

3. If money is worth 10% compounded quarterly, which of the following obligations is more valuable? Use at the end of 9 years as comparison date.



a. ₱ 300 000 due at the end of 9 years without interest; or

b. ₱ 160 500 due at the end of 5 years with accumulated interest from today at the rate of 7% compounded semi-annually.