Toyota Motor Credit Corporation $($TMCC$),$ a subsidiary of Toyota Motor Corporation, offered some securities for sale to the public on March $28,2008.$ Under the terms of the deal, TMCC promised to repay the owner of each security $$100,000$ on March $28,2038,$ but investors would receive nothing until then. Investors paid TMCC $$24,099$ for each of these securities; so they paid $$24,099$ on March $28,2008$ for the promise of a $$100,000$ payment $30$ years later.

Why would TMCC be willing to accept such a small amount today $($$$24,099)$ in exchange for a promise to repay about four times that amount $($$$100,000)$ in the future?

A feature of this particular deal is that TMCC has the right to buy back the securities on the anniversary date at a price established when the securities were issued. What impact does this feature have on the desirability of this security as an investment?