Grand Villa (Single Payment or Final Payment at 12th Month) 42,000.- US$

Grand Villa (Initial Payment and Final Payment at 45th Month) 46,014.- US$

INTEREST RATE/YEAR 17.8 Percent (First Year 0 Percent)

Remaining Payment

Payment/Month

Actual Price

Interest Rate/Year%

Subtotal:

$25,014.05

$21,000.00

$800.00

$21,000.00

0 % First Year

plus initial Payment:

$21,000.00

$21,000.00

0

1

TOTAL:

$46,014.05

$21,000.00

0

2

$21,000.00

0

3

$21,000.00

0

4

$21,000.00

0

5

$21,000.00

0

6

$21,000.00

$800.00

$20,200.00

7

$20,200.00

$800.00

$19,400.00

8

$19,400.00

$800.00

$18,600.00

9

$18,600.00

$800.00

$17,800.00

10

$17,800.00

$800.00

$17,000.00

11

$17,000.00

$800.00

$16,200.00

12

$16,200.00

REDUCTION FOR FIRST YEAR:

$4,800.00

Open Payment

Payment/Month

Actual Price

Interest Rate/Year%

$16,200.00

$625.00

$16,200.00

17.8

$16,200.00

$625.00

$15,575.00

13

$231.03

$15,806.03

$625.00

$15,181.03

14

$225.19

$15,406.21

$625.00

$14,781.21

15

$219.25

$15,000.47

$625.00

$14,375.47

16

$213.24

$14,588.71

$625.00

$13,963.71

17

$207.13

$14,170.83

$625.00

$13,545.83

18

$200.93

$13,746.76

$625.00

$13,121.76

19

$194.64

$13,316.40

$625.00

$12,691.40

20

$188.26

$12,879.66

$625.00

$12,254.66

21

$181.78

$12,436.44

$625.00

$11,811.44

22

$175.20

$11,986.64

$625.00

$11,361.64

23

$168.53

$11,530.17

$625.00

$10,905.17

24

$161.76

$11,066.93

REDUCTION FOR SECOND YEAR:

$5,133.07

$11,066.93

$625.00

$10,441.93

25

$154.89

$10,596.82

$625.00

$9,971.82

26

$147.92

$10,119.73

$625.00

$9,494.73

27

$140.84

$9,635.57

$625.00

$9,010.57

28

$133.66

$9,144.23

$625.00

$8,519.23

29

$126.37

$8,645.60

$625.00

$8,020.60

30

$118.97

$8,139.57

$625.00

$7,514.57

31

$111.47

$7,626.04

$625.00

$7,001.04

32

$103.85

$7,104.89

$625.00

$6,479.89

33

$96.12

$6,576.00

$625.00

$5,951.00

34

$88.27

$6,039.28

$625.00

$5,414.28

35

$80.31

$5,494.59

$625.00

$4,869.59

36

$72.23

$4,941.82

REDUCTION FOR THIRD YEAR:

$6,125.11

$4,941.82

$625.00

$4,316.82

37

$64.03

$4,380.85

$625.00

$3,755.85

38

$55.71

$3,811.57

$625.00

$3,186.57

39

$47.27

$3,233.83

$625.00

$2,608.83

40

$38.70

$2,647.53

$625.00

$2,022.53

41

$30.00

$2,052.53

$625.00

$1,427.53

42

$21.18

$1,448.71

$625.00

$823.71

43

$12.22

$835.92

$625.00

$210.92

44

$3.13

$214.05

$214.05

$0.00

45

$0.00

$0.00

$0.00

$0.00

46

$0.00

$0.00

$0.00

$0.00

47

$0.00

$0.00

$0.00

$0.00

48

$0.00

$0.00

REDUCTION FOR FOURTH YEAR:

$4,941.82