A company needs to reorganize its current debts in order to pay an equal amount on a yearly basis for 15 years, at an annual interest rate of 10%. The company debts are as follows:
Annual payments of $2000 for 12 years at 10% annually
Twelve monthly payments of $300 for an automobile (knowing that the annual interest rate = 12%)
A bill of $2000 (payment includes interest) at EOY2, at an annual interest rate of 12%
A bill of $21000 due today
(NOTE: the above debts are to be reorganized and be paid to one party collectively)