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