Mr. Ribaya recieved two offers on a lot that he wants to sell. Mr. Ocampo has offerred 50,000 pesos and a 1 million lump sum payment 5 years from now. Mr. Cruz has offered 50,000 plus 40,000 every...

Mr. Ribaya recieved two offers on a lot that he wants to sell. Mr. Ocampo has offerred 50,000 pesos and a 1 million lump sum payment 5 years from now. Mr. Cruz has offered 50,000 plus 40,000 every quarter for 5 years. Compare the fair market values of the two offers if money can earn 5% compounded annually. Which offer has a higher market value?