A corporation issued 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%...

Extracted text: A corporation issued 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% 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. P4,965 P2,664 O P4,664 P2,465