What annuity over a 10 year period at 8% interest is equivalent to a present worth of P10,000?

$P = \dfrac{A \left[ (1 + i)^n - 1 \right]}{(1 + i)^n \, i}$

$A = \dfrac{P(1 + i)^n \, i}{(1 + i)^n - 1}$

$A = \dfrac{10,000(1 + 0.08)^{10} \, 0.08}{(1 + 0.08)^{10} - 1}$

$A = \text{P}1,490.30$