The Present Value is ₱67,327.96
Explanation:The present value is calculated using:
[tex]P=\frac{F}{(1+r)^n}[/tex]Where P is the present value, F is the future value (₱85,000), r is the rate(6%), and n is the number of periods (4).
[tex]\begin{gathered} P=\frac{85000}{(1+0.06)^4} \\ \\ =\frac{85000}{1.06^4}=67327.96 \end{gathered}[/tex]