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Calculation
Sheet for 30 Years Lease
Grand-Bungalow
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Grand Bungalow
(Single Payment or Final Payment at 12th Month) 26,000.- US$
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Grand
Bungalow (Initial Payment and Final Payment at 63rd Month) 28,678.- US$
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INTEREST
RATE/YEAR 16.4 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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$15,678.41
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$13,000.00
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$450.00
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$13,000.00
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0 % First Year
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plus initial Payment:
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$13,000.00
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$13,000.00
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0
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1
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TOTAL:
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$28,678.41
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$13,000.00
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0
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2
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$13,000.00
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0
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3
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|
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$13,000.00
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0
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4
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$13,000.00
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0
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5
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$13,000.00
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0
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6
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$13,000.00
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$450.00
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$12,550.00
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7
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$12,550.00
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$450.00
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$12,100.00
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8
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$12,100.00
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$450.00
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$11,650.00
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9
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$11,650.00
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$450.00
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$11,200.00
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10
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$11,200.00
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$450.00
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$10,750.00
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11
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$10,750.00
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$450.00
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$10,300.00
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12
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$10,300.00
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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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$10,300.00
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$355.00
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$10,300.00
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16.4
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$10,300.00
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$355.00
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$9,945.00
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13
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$135.92
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$10,080.92
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$355.00
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$9,725.92
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14
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$132.92
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$9,858.84
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$355.00
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$9,503.84
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15
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$129.89
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$9,633.72
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$355.00
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$9,278.72
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16
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$126.81
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$9,405.53
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$355.00
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$9,050.53
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17
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$123.69
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$9,174.22
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$355.00
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$8,819.22
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18
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$120.53
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$8,939.75
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$355.00
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$8,584.75
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19
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$117.32
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$8,702.08
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$355.00
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$8,347.08
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20
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$114.08
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$8,461.15
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$355.00
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$8,106.15
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21
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$110.78
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$8,216.94
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$355.00
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$7,861.94
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22
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$107.45
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$7,969.38
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$355.00
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$7,614.38
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23
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$104.06
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$7,718.45
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$355.00
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$7,363.45
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24
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$100.63
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$7,464.08
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REDUCTION FOR SECOND YEAR:
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$2,835.92
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$7,464.08
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$355.00
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$7,109.08
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25
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$97.16
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$7,206.24
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$355.00
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$6,851.24
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26
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$93.63
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$6,944.87
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$355.00
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$6,589.87
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27
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$90.06
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$6,679.93
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$355.00
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$6,324.93
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28
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$86.44
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$6,411.37
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$355.00
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$6,056.37
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29
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$82.77
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$6,139.14
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$355.00
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$5,784.14
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30
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$79.05
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$5,863.19
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$355.00
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$5,508.19
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31
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$75.28
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$5,583.47
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$355.00
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$5,228.47
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32
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$71.46
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$5,299.93
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$355.00
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$4,944.93
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33
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$67.58
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$5,012.51
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$355.00
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$4,657.51
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34
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$63.65
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$4,721.16
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$355.00
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$4,366.16
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35
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$59.67
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$4,425.83
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$355.00
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$4,070.83
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36
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$55.63
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$4,126.47
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REDUCTION FOR THIRD YEAR:
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$3,337.61
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$4,126.47
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$355.00
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$3,771.47
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37
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$51.54
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$3,823.01
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$355.00
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$3,468.01
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38
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$47.40
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$3,515.41
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$355.00
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$3,160.41
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39
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$43.19
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$3,203.60
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$355.00
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$2,848.60
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40
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$38.93
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$2,887.53
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$355.00
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$2,532.53
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41
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$34.61
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$2,567.14
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$355.00
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$2,212.14
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42
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$30.23
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$2,242.37
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$355.00
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$1,887.37
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43
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$25.79
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$1,913.17
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$355.00
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$1,558.17
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44
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$21.29
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$1,579.46
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$355.00
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$1,224.46
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45
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$16.73
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$1,241.20
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$355.00
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$886.20
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46
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$12.11
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$898.31
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$355.00
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$543.31
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47
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$7.43
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$550.73
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$355.00
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$195.73
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48
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$2.68
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$198.41
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REDUCTION FOR FOURTH YEAR:
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$3,928.06
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$198.41
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$198.41
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$0.00
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49
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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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50
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$0.00
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|
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$0.00
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$0.00
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$0.00
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51
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$0.00
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|
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$0.00
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$0.00
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$0.00
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52
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$0.00
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|
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$0.00
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$0.00
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$0.00
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53
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$0.00
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|
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$0.00
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$0.00
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$0.00
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54
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$0.00
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|
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$0.00
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$0.00
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$0.00
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55
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$0.00
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|
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$0.00
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$0.00
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$0.00
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56
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$0.00
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|
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$0.00
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$0.00
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$0.00
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57
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$0.00
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|
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$0.00
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$0.00
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$0.00
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58
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$0.00
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|
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$0.00
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$0.00
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$0.00
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59
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$0.00
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|
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$0.00
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$0.00
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$0.00
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60
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$0.00
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$0.00
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REDUCTION FOR FIFTH YEAR:
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$198.41
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