300

interest payment: 300,000 * .08 = 24,000/ 2 = 12,000

Present value of 20 periodic payments at 5%
12000 * 12.462 = 149544
Present value of a single payments at the end of 20 periodic periods at 5%:
300000 * .377 = 113100
interest payment: 300,000 * .08 = 12,000
present value of 20 periodic payments at 3%
12000 * 14.878 = 178536
Present value of a single payment at the end of 20 periodic periods at 3%:
300000* .554 = 166200
interest payment: 300000 * .10 = 30,000/2 = 15000
Present value of 20 periodic payments at 4%
15000 * 13.590 = 203850
Present value of a single payment at the end of 20 periodic periods at 4%
300,000 * .456 = 136800
interest payment: 300,000 * .10 = 15000
present value of 40 peroidic payments at 6%
15,000 * 15.046 = 225690
present value of a single payment at the end of 40 periodic periods at 6%
300000 * .097= 29100
interest payment = 15,000
present value of 40 periodic payments at 3%
15000 * 23.115 = 346725
present value of a single payment at the end of 40 periodic periods at 3%
300000 * 92100