A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due ?
(A) P 3,260.34
(B) P 3,280.34
(C) P 3,270.34
(D) P 3,250.34
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