Mr.Ribayareceived two offers on a lot that he wants to sell. Mr. Ocampo has offered ₱50,000 and ₱1 million lump- sum payment 5 y rears from now. Mr. Cruz has offered ₱ 50,000 plus ₱ 40000 every quarter for the five years. Compare the fair market values of the two offers if money can earn 5% compounded annually. Which offer has a higher market value?