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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
LEE CONSTRUCTION CO.. INC? CA - 10620 - DATED MARCH 19-1952 RIDGEVIEW TRACT NO, 4 Work Completed - March 19-1952 - WO-691 V Cost to Subdivider - Subject to Refund $2650.00 Refunds - 35$ of Revenue To and including June 1952 $ 5.44 Balance of cost subject to refund Anticipated Revenue tBased on current rates during remaining 116 months of Contract) 11 Units $2.25 - 116 mos $2871.00 1 Unit 2.85 - 113 mos 322.05 2 Units 2.25 - 110 mos 495.00 $3688.05 $2644.56 Estimated portion refundable $1290.82 Assuming $1290.82 refundable in equal monthly instalments during remaining term of Contract (116 months) monthly payment would be: $ 11.13 Present worth of $11.13 for 116 months at 6$ per annum: $11.13 X 87.858 $ 977.86 Discount - 25$ 244.46- Purchase Price Proof Monthly payment necessary to pay off present worth $977*86 in 116 months including 6$ interest on deferred balance-$1.1382 per $100 . $ 733.40 $I 1H1..1133
