Peter has a choice if investing $100,000 and gets returns of either as
Plan (i) ::: he is receiving a single payment at the end of the third year with the interest rate of 8% compounded monthly, or
Plan (ii) ::: he is receiving $30,000 at the end of the first year, $40,000 at the end of the second year, and $50,000 at the end of the third year.
(a) What should the single payment received at the end of the third year accordind to plan (i)?