Engr. Velasco decided to subscribe in a globe promo which must be paid P 3,043 per month for five years. However, the payment will start three years after from today. If the payment is 3% compounded...

Extracted text: Engr. Velasco decided to subscribe in a globe promo which must be paid P 3,043 per month for five years. However, the payment will start three years after from today. If the payment is 3% compounded monthly. How much is the value of the money today?