A corporation issues 100 sinking fund bonds of P1,000 face value, redeemable at par in 15 years, with interest payable semi-annually at 4% per annum. The sinking fund earns interest at the rate of 3.5% compounded annually and the contribution to be made twice a year. Calculate the total periodic disbursement of the corporation for these bonds, exclusive of legal and administrative expenses. 4,563 2,000 4,664 2,563 3,685 2,664

Q: O P4,965 O P2,664 O P4,664 O P2,465

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