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Calculation
Sheet for 30 Years Lease
Bungalow
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Bungalow (Single Payment or Final Payment at 12th Month) 23,000.-
US$
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Bungalow
(Initial Payment and Final Payment at 55th Month) 25,156.- US$
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INTEREST
RATE/YEAR 18.5 Percent (First Year 0 Percent)
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Remaining Payment
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Payment/Month
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Actual Price
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Interest Rate/Year%
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Subtotal:
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$13,656.77
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$11,500.00
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$450.00
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$11,500.00
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0 % First Year
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plus initial Payment:
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$11,500.00
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$11,500.00
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0
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1
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TOTAL:
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$25,156.77
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$11,500.00
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0
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2
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$11,500.00
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0
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3
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$11,500.00
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0
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4
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$11,500.00
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0
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5
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$11,500.00
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0
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6
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$11,500.00
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$450.00
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$11,050.00
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7
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$11,050.00
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$450.00
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$10,600.00
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8
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$10,600.00
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$450.00
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$10,150.00
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9
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$10,150.00
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$450.00
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$9,700.00
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10
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$9,700.00
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$450.00
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$9,250.00
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11
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$9,250.00
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$450.00
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$8,800.00
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12
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$8,800.00
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REDUCTION FOR FIRST YEAR:
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$2,700.00
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Open Payment
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Payment/Month
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Actual Price
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Interest Rate/Year%
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$8,800.00
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$355.00
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$8,800.00
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18.5
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$8,800.00
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$355.00
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$8,445.00
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13
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$130.19
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$8,575.19
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$355.00
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$8,220.19
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14
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$126.73
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$8,346.92
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$355.00
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$7,991.92
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15
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$123.21
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$8,115.13
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$355.00
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$7,760.13
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16
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$119.64
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$7,879.77
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$355.00
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$7,524.77
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17
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$116.01
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$7,640.77
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$355.00
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$7,285.77
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18
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$112.32
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$7,398.10
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$355.00
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$7,043.10
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19
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$108.58
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$7,151.68
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$355.00
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$6,796.68
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20
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$104.78
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$6,901.46
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$355.00
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$6,546.46
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21
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$100.92
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$6,647.38
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$355.00
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$6,292.38
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22
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$97.01
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$6,389.39
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$355.00
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$6,034.39
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23
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$93.03
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$6,127.42
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$355.00
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$5,772.42
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24
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$88.99
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$5,861.41
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REDUCTION FOR SECOND YEAR:
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$2,938.59
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$5,861.41
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$355.00
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$5,506.41
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25
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$84.89
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$5,591.30
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$355.00
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$5,236.30
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26
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$80.73
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$5,317.03
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$355.00
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$4,962.03
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27
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$76.50
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$5,038.53
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$355.00
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$4,683.53
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28
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$72.20
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$4,755.73
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$355.00
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$4,400.73
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29
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$67.84
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$4,468.58
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$355.00
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$4,113.58
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30
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$63.42
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$4,176.99
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$355.00
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$3,821.99
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31
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$58.92
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$3,880.92
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$355.00
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$3,525.92
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32
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$54.36
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$3,580.27
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$355.00
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$3,225.27
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33
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$49.72
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$3,275.00
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$355.00
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$2,920.00
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34
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$45.02
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$2,965.01
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$355.00
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$2,610.01
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35
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$40.24
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$2,650.25
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$355.00
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$2,295.25
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36
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$35.39
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$2,330.64
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REDUCTION FOR THIRD YEAR:
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$3,530.78
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$2,330.64
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$355.00
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$1,975.64
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37
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$30.46
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$2,006.09
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$355.00
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$1,651.09
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38
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$25.45
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$1,676.55
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$355.00
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$1,321.55
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39
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$20.37
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$1,341.92
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$355.00
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$986.92
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40
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$15.22
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$1,002.14
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$355.00
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$647.14
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41
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$9.98
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$657.11
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$355.00
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$302.11
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42
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$4.66
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$306.77
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$306.77
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$0.00
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43
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$0.00
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$0.00
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$0.00
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$0.00
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44
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$0.00
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$0.00
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$0.00
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$0.00
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45
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$0.00
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$0.00
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$0.00
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$0.00
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46
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$0.00
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$0.00
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$0.00
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$0.00
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47
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$0.00
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$0.00
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$0.00
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$0.00
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48
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$0.00
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$0.00
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REDUCTION FOR FOURTH YEAR:
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$2,330.64
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![[Company Logo Image]](../_borders/4palms_large_retouche.gif)
