No. Date Years Terms Market Stated Bonds Compute for the Present Rate Rate Payable Value 1 1/1/2021 5 Interest paid annually , Principal paid at the end of the fifth year 12% 12% P 5,000,000 2 1/1/2021 5 Interest paid annually , Principal paid at the end of the fifth year 15% 12% P 5,000,000 3 1/1/2021 5 Interest paid annually , Principal paid at the end of the fifth year 10% 15% P 5,000,000 4 1/1/2021 5 Interest paid annually , Principal paid in five equal annual installments starting December 31, 2021 10% 15% P 5,000,000 5 1/1/2021 5 Interest paid annually , Principal paid in five equal annual installments starting December 31, 2021 15% 12% P 5,000,000 Interest and Principal paid semi-annually. Principal 6 1/1/2021 5 paid in 10 equal installments starting June 30, 10% 15% P 5,000,000 2021 Interest and Principal paid semi-annually. Principal 7 1/1/2021 5 paid in 10 equal installments starting June 30, 15% 18% P 5,000,000 2021