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.
