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upr000256-239
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I agree.SI AUDIT MO 1042.0 WITH A. M. SOUTHARD DBA SOUTHA MAYFAIR B B S H Work Completed November 1^-19^7 - WO-581-1 Cost to Bubdivider - Subset to Refund Refunds - 50% of Revenue To and Including June 1952 Balance of Cost — Subject to refund #31^7.16 971.00 12176,16 Anticip(aBtaesde dR eovne ncuuerrent rated during remainder of Contract) Present monthly accruals 18 Units 9 |2.25 Balance of term of Contract-months 1^0., |© 65 12632.50 Estimated portion refundable Assuming 11316,25 refunded in equal monthly instalments during remaining term of contract |i| months) monthly payment would be: Present worth of §20*25 for 65 months at 6$ per annum: 20.25 X 55.377 Discount - 20 Purchase Price $1316.25 | 20.25 ;$1121.38 280,3'f- | 8 ^ 1 . Ofr Proof Monthly payment necessary to pay off present worth f i l m *38 in If months including 6% Interest on deferred balance-$1.8058 per %100 2 0 .2 5