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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
PLUMLEIG-H - GILLETT - INC. OA -10.607 - DATED NOVEMBER 15-19 51 RIDGEVIEW TRACT MO. 3 Work Completed - November 15-1951 - WO-681 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 rates during remainder of Contract) Present monthly accruals 13 Units % $2.25 $29.25 1 Unit '9 2.85 2.85 32.10 Balance of term of Contract-months 113 $3627.30 Estimated portion refundable ' $1813.65 Assuming $1813..65 refunded in equal monthly instalments during remaining term of Contract (113 months) monthly payment would be.: $ 16.05 Present worth of $16.05 for 113 months at 6% per annum: $16.05 X 86..168 $1383.00 Dis count - 25% 345,;76 Purchase Price $1037.25 Proof $2789.00 $ 85.24 $2703.76 Monthly payment necessary to pay off -present worth $1383.00 in 113 months including 6% interest on deferred balance - $1.1605 per -$100 $ 16.05
