Your grandparents have decided to sell their real estate property in Valenzuela City and they are planning to purchase a condominium unit in Pasig City. They posted an online advertisement for this. A...

Your grandparents have decided to sell their real estate property in Valenzuela City and they are planning

to purchase a condominium unit in Pasig City. They posted an online advertisement for this. A week after

two offers came

Offer 1:7500.000 down payment plus P1,500,000 lump-sum payment 10 years from now

Offer 2: P500,000 down payment plus P12,500 per month for 10 years.

Which among the two offers should your grandparents choose if the payment will have an interest

of 12% compounded monthly? Find the fair market value of the two offers.