You are contributing money to an investment account so that you can purchase a small piece of agricultural land in 5 years. You plan to contribute 6 payments of P30,000 a year. The first payment will...

You are contributing money to an investment account so that you can purchase a small piece of agricultural land in 5 years. You plan to contribute 6 payments of 30,000 a year. The first payment will be made today and the final payment will be made 5 years from now. If you earn 11% in investment account, how much money will you have in the account 5 years from now?

Extracted text: You are contributing money to an investment account so that you can purchase a small piece of agricultural land in 5 years. You plan to contribute 6 payments of P30,000 a year. The first payment will be made today and the final payment will be made 5 years from now. If you earn 11% in your investment account, how much money will you have in the account 5 years from now? P194,120 P208,560 P216,830 P237,390 O P263,500