Determine the present value equivalent of a geometric sequence of annual cash flows starting at P 1,000 at the end of the 3rd year, and increasing at 5% every year up to the 25th year. Interest of money is 12%. Select one: a. P 8,807 b. P 9,736 c. P 10,562 d. P 11,048

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Determine the present value equivalent of a geometric sequence of annual cash flows starting at P 1,000 at the end of the 3rd year, and increasing at 5% every year up to the 25th year. Interest of money is 12%.

Select one:
a. P 8,807
b. P 9,736
c. P 10,562
d. P 11,048
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