Exhibit B: Schedule of Annual Interest & Principal Distribution

 

(% x Liability Balance)
Years
Annual 
Payment
Interest
     Principal
Liability
Balance
 
Present Value Date of 1/1/____ 10,065.15
 
1 1,500.00 805.21 694.79 9,370.36
2 1,500.00 749.63 750.37 8,619.99
3 1,500.00 689.60 810.40 7,809.59
4 1,500.00 624.77 875.23 6,934.36
5 1,500.00 554.75 945.25 5,989.11
6 1,500.00 479.13 1,020.87 4,968.24
7 1,500.00 397.46 1,102.54 3,865.70
8 1,500.00 309.26 1,190.74 2,674.96
9 1,500.00 213.99 1,286.01 1,388.95
10 1,500.00 111.05 1,388.95 --
 
 
 
 
Particulars of Lease
 
1 - Term 10 Years
2 - Interest Rate % 8%
3 - Annual Payment 1,500.00
4 - Present Value Factor (See Table) 6.7101
5 - Present Value of Lease (Item 4 x Item 3) 10,065.15