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Digital Provenance
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Publisher
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Transcription
LEE CONSTRUCTION CO., IMG. CA (NLP-2590) DATED JUNE 21-1952 RID&EVIEW TRACT MO 5 Work Completed - June 26-1952 - WO 698 Cost to Subdivider - Subject to Refund Refund - 35$ of Revenue To and including June 1952 Balance of cost subject to refund Anticipated Revenue • (Based on current rates during term of Contract - 119 months) 3 Units % $2.25 - 119 months $803.25 6 Units <§> 2.25 - 11? months 1579.50 6 Units @ 2.25 - 114 months 1539*00 6 Units @ 2.25 - 111 months 1498>50 $5420.25 Estimated portion refundable Assuming $1897.09 refunded in equal monthly instalments during balance of term of Contract (119 months) monthly payment would be: Present worth of $15.94 for 119 months at 6% per annum: $15.94 X 89.524 Discount - 25$ Purchase Price Proof Monthly payment, necessary to pay off present worth $1427.01 in 119 monthly instalments including 6% interest on deferred balance - $1.1170 per $100 $5851.20 none $5851.20 $1897.09 $ 15.94 $1427.01 356.75 $ 1070.26 $ 15.94
