18. Find the present value of a deferred annuity of ₱ 30,000.00 at the end of every year for 10 years. The first payment of a mother will be done at the end of the second year, and the money is compounded at 3% annually. a. ₱ 244,354.12 b. ₱ 248,452.51 c. ₱ 278,520.14 d. ₱ 291,245.18