Justine is thinking about purchasing an investment from RCBC Capital

Subject:FinancePrice:3.87 Bought7

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Justine is thinking about purchasing an investment from RCBC Capital. If she buys the investment, Justine will receive P1,000 every three months for two years. The first P1,000 payment will be made as soon as she purchases the investment. If Justine's required rate of return is 16%, how much should she be willing to pay for this investment? 

a. P1,368.57

b. P10,764.80

c. P7,002.05

d. P1,345.60