Government Transfers - Deloitte
Government Transfers - Deloitte
Government Transfers - Deloitte
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Effective interest method<br />
Year<br />
Strip<br />
bond<br />
0 3,917,500<br />
Interest<br />
Income<br />
Straight-line<br />
Yield<br />
Interest Income<br />
Effective<br />
interest method<br />
Yield<br />
Interest<br />
Income<br />
(Decrease)<br />
increase<br />
1 4,113,512 216,500 5.53% 196,012 5.00% (20,488)<br />
2 4,319,188 216,500 5.26% 205,676 5.00% (10,824)<br />
3 4,535,147 216,500 5.01% 215,959 5.00% (541)<br />
4 4,761,905 216,500 4.77% 226,758 5.00% 10,258<br />
5 5,000,000 216,500 4.55% 238,095 5.00% 21,595<br />
Total – interest<br />
income<br />
$1,082,500 $1,082,500
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