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upr000256-230
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I agree.LUCEILLE A. SOUTHARD - ASSIG-NEE CONTRACT AUDIT NO 10420 - DATED NOVEMBER 4-194-7 WITH A,M. SOUTHARD DBA SOUTHARD & DOWNEY MAYFAIR TRACT NO 2 Work Completed November 14-1947 - WO-581-1 Cost to Subdivider - Subject to Refund Refunds - 50% of Revenue To and including June 1952 Balance of Cost - Subject to refund Anticipated Revenue (Based on current rated during remainder of Contract) Present monthly accruals 18 Units @ $2.25 $40.50 Balance of term of Contract-months 65 $2632.50 Estimated portion refundable Assuming $1316.25 refunded in equal monthly instalments during remaining term of contract (65 months) monthly payment would be: Present worth of $20.25 for 65 months at 6% per annum: 20.25 X 55.377 Discount - 25% Purchase Price Proof $3147.16 971.00 $2176.16 $1316.25 $ 20.25 $1121.38 280.34 $ 841.04 Monthly payment necessary to pay off present worth $1 1 2 1 .3 8 in 65 months including 6 % interest on deferred balance-$1 .8 0 5 8 per $100 $ 20.25