Hello can you please help me with these two. ANNUITY PROBLEMS. I'll attach the pdf formula at the bottom. thank you so much

formula: file:///C:/Usersathe/Downloads/Annuity.pdf

Certain property is being sold and the owner receive two bids. The first bidder offered to pay P400,000 each year for 5 years, each payment is to be made at the beginning of each year. The second bidder offer to pay P240,000 the first year, P360,000 in the second year, and P540,000 each year for the next 3 years, all payments will be made at the beginning of each year. If money is worth 20% compounded annually, which bid should the owner of the property accept? O P 1 435 Million ; 2nd bidder O P 1.435 Million ; 1st bidder O P 1.487 Million ; 2nd Bidder O P 1.487 Million ; 1st BidderA service car whose car price was P540900 was bought with a down payment of P161000 and monthly installments of P11184129 for 5 years. What was the rate of interest if compounded monthly? 022% (3.2495 0.2095. 025%