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The outstanding loan of $120,000,000 as of the end of 2015 will be repaid in monthly installments of $1,214,942 at 4% interest over 10 years. The outstanding loan amount after 5 years will be $65,970,201. The present value of $1,000,000 to be received annually for 10 years at a 9% discount rate is $7,095,590. The present value of $100,000 to be received monthly for 10 years at a 9% discount rate is $796,561.

Author
PRATTAYA DUTTA
Language
EN

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