42. Gojo will receive Php 12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the interest rate is 12 percent? A. Php 120,000 C. P38,640 B. Php 67,800 D. None of the above 43. Kageyama plans to fund his individual retirement account, beginning today, with 20 annual deposits of Php 2,000, which he will continue for the next 20 years. If he can earn an annual compound rate of 8 percent on his deposits, the amount in the account upon retirement will be A. Php 19,636 C.Php 98,846 B. Php 91,524 D. Php 21,207 44. You have been offered a project paying Php 300 at the beginning of each year for the next 20 years. What is the maximum amount of money you would invest in this project if you expect 9 percent rate of return to your investment? A. Php 2,738.70 C.Php 15,347.70 B. Php 2,985.18 D. Php 6,000.00 45. Find the present value of the following stream of cash flows, assuming that the interest rate is 9 percent Years Amount 1-5 Php 10,000/year 6-10 Php 16,000/year A. Php 13,252 B. Php 141,588 C. Php 10,972 D. Php 79,348