To help ease a continuing need for financing, the CFO of E.I. DuPont de Nemours & Company is considering borrowing from insurance companies (private placement) in addition to the public debt markets. She must choose between transactions suggested by two different insurance companies. In both transactions, DuPont would receive $10,000,000 up front in exchange for a note promising a single (larger) maturity payment from DuPont in 15 years at a promised interest rate. The two options open to DuPont are:

A note to Pru-Johntower Life Insurance Company, promising an annual rate of intere of 10%;

A note to Tom Paine Mutual Life Insurance Company, promising a rate of interest 9.72% per year, compounded monthly.

Compare the effective annual rates of the two notes; also, compare the future required payment ti will make in 15 years under each option.

Also , Please provide me how to calculate it with informations in financial calculator