Archive for the ‘sample Computation’ Category

Sample Computation, 20/80 Terms

October 1, 2008

List Price

Php2,254,900.00

Regular Discount, 3%

(67,647.00)

Net

2,187,253.00

Discount (PDC), 2%

(43,745.06)

Contract Price

2,143,507.04

Closing Fees

85,740.32

Total

2,229,248.26

DOWNPAYMENT, 20%

428,701.59

Less: Reservation Fee

(20,000.00)

Net Downpayment

408,701.59

Closing Fees, 20%

17,148.06

Payable in 16 MONTHS

26,165.60/month

BALANCE,80%

1,714,806.35

Closing Fess, 80%

68,592.25

Factor, 1.737977%

Monthly Amortization

30,995.06/month for 120 months