91Ó°ÊÓ

Sr. no.

Particular

15% Unsecured

Bonds

Zero-coupon

Bonds

10% Mortgage

Bonds

1

Maturity value

$10,000,000

$25,000,000

$20,000,000

2

Number of interests

periods

40

10

10

3

Stated rate per period

$\left(\frac{15\%}{4}\right)$ 3.75 %

0

10%

4

Effective rate per period

$\left(\frac{12\%}{4}\right)$ 3%

12%

12%

5

Payment amount per period

$375,000

0

$2,000,000

6

Present value

$11,733,639

$8,049,250

$17,739,840

Present value of an annuity of $375,000 discounted at 3% per period for 40 periods $\left(\$375,000×23.11477\right)$

$8,668,039

Present value of $10,000,000 discounted at 3% per period for 40 periods at 3% per periods for 40 periods $\left(\$10,000,000×0.30656\right)$

3,065,600

$11,733,639

Present value of $25,000,000 discounted at 12% per period for 10 periods at 12% for 10 periods data-custom-editor="chemistry" $\left(\$25,000,000×0.32197\right)$

$8,049,250

Present value of an annuity of $2,000,000 discounted at 12% per for 10 periods $\left(\$2,000,000×5.65022\right)$

$11,300,440

Present value of $20,000,000 discounted at 12% per period for 10 years $\left(\$20,000,000×0.32197\right)$

6,439,400

$17,739,840