FINANCIAL ASPECT

The financial aspect of the project feasibility study

shows the projects monetary feasibility. It shows the

amount of initial capital needed to finance the project.

Major assumptions used in making projected financial

statements, are listed in order to support the computations

in the schedule.

MAJOR ASSUMPTIONS:

The proposed business will be managed under the

principle of sole proprietorship.

The projection will base on the Going Concern

assumption which means that the proposed business will

exist for an indefinite period of time.

Service Revenues are made according to yearly estimate

of harvest rate.

It assumed that all of the by-products shall be sold

due to the large demand gap of chicken dung.

Depreciation method used is straight line method.

Residual value is equal to 10% of cost.

Estimated useful life of fixed assets:

Machineries 15 years
 140

Plant Equipment 15 years

Furniture and Fixtures 10 years

Office Equipment 5 years

Kitchen Equipment 5 years

Buildings 25 years

Elevated Water Tank 15 years

Waste Water Treatment 15 years

Expenses, except for depreciation and advertising,

increase by 2% per year.

Salaries increase by 2% per year.

Wages paid for harvesting birds is based on yearly

estimate of harvest rate.

Utilities expense is paid on or before due dates.

Quarterly payments are made for taxes.

Taxes are computed based on tax rates effective Jan.

2017.

Chicken dung is sold at Php 50.00 per sack.

Net Cash Flows are discounted at 10%.

141
 142

Financiers

Source Debt Equity % Contribution

Amado V. 5400000 30%

Caballero III
Land Bank of 12600000 70%

the Philippines
TOTAL 12600000 5400000 100%

Equity Capital

The source of equity capital of the proposed business

will be provided by the proponent, Amado V. Caballero III

through his personal resources.

Amado V. Caballero III, 49, has been with Energy

Development Corporation (EDC) for more than 25 years. He is

also a licensed real estate broker and a Masters Degree

holder from St. Paul College Dumaguete. He has been exposed

to broiler poultry farming for about 20 years using the

conventional poultry farming, but has stopped operations for

the past 5 years due to change in environment and

conventional poultry farming no longer proves to be

feasible. The proponent owner has plans on being into the

broiler poultry farming again next year using a more updated

way with the tunnel ventilation and automated feeding.

 PROJECTED FINANCIAL STATEMENTS

Exhibit 2

Calijo Tales Broiler Poultry Farm

Projected Income Statement

For the years ended 2018-2022

Schedule 2018 2019 2020 2021 2022

Revenue
1
Service Revenue-Contractors Fee 5,878,782.00 5,884,842.60 5,872,721.40 5,890,903.20 5,909,085.00
Sales Revenue- By-Product 2 939,649.60 939,617.28 937,681.92 940,584.96 943,488.00
Total 6,818,431.60 6,824,459.88 6,810,403.32 6,831,488.16 6,852,573.00

Expenses
Debt Capital

Salaries and Wages 3 269,716.20 274,779.32 279,889.35 285,192.30 290,600.22

SSS 4 19,080.60 20,111.00 20,111.00 20,368.60 21,141.40
Philhealth 4 3,062.50 3,062.50 3,150.00 3,412.50 3,412.50
Pag-ibig 4 5,230.43 5,335.04 5,441.74 5,550.57 5,661.58
Other Employee Benefits 5 96,693.45 98,627.32 100,599.87 102,611.86 104,664.10
Professional Fees 36,000.00 36,720.00 37,454.40 38,203.49 38,967.56
Permits and Licenses 2,000.00 2,040.00 2,080.80 2,122.42 2,164.86
Agency Fees - Guard 120,000.00 122,400.00 124,848.00 127,344.96 129,891.86
Supplies Expense 6 1,330.00 1,356.60 1,383.73 1,411.41 1,439.63
Utilities 7 842,464.56 859,313.85 876,500.13 894,030.13 911,910.73
Food Expense 45,179.40 46,082.99 47,004.65 47,944.74 48,903.64
LPG Expenses 120,960.00 123,379.20 125,846.78 128,363.72 130,930.99
Medication and Disinfectant 132,517.59 135,167.94 137,871.30 140,628.73 143,441.30
Depreciation 8 598,983.34 598,983.34 598,983.34 598,983.34 598,983.34
Repairs and Maintenance Expenses 30,000.00 30,600.00 31,212.00 31,836.24 32,472.96
Interest Expense 9 928,971.23 892,276.51 852,733.08 810,119.79 764,198.31
Other Expense 10 15,890.00 16,207.80 16,531.96 16,862.60 17,199.85
Advertising 600.00 - - - -
Total Expenses 3,268,679.30 3,266,443.41 3,261,642.12 3,254,987.39 3,245,984.85
Income Before Tax 3,549,752.30 3,558,016.47 3,548,761.20 3,576,500.77 3,606,588.15
Income Tax Expense 11 940,420.74 943,065.27 940,103.58 948,980.25 958,608.21
Net Income 2,609,331.57 2,614,951.20 2,608,657.61 2,627,520.53 2,647,979.94
first year of operations. Interest shall be 7.5% annually.
First installment is to be made at the end of 2018, the
The proposed business is to borrow 70% (12,600,000.00)

of its capital. The loan is to be paid monthly in 15 years.

143
 Exhibit 3

Calijo Tales Broiler Poultry Farm

Statement of Financial Position
December 31, 2017-2022

Pre-Operating
Schedule Period 2018 2019 2020 2021 2022
ASSETS
Current Assets
Cash 3,250,066.64 5,407,713.90 7,328,417.98 9,203,728.88 11,052,544.47 12,869,899.24
Supplies 6 30,301.75 30,341.65 30,424.24 30,552.48 30,729.47

Noncurrent Assets
Kitchen Equipment 8 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
Accumulated Depreciation - 450.00 2,050.00 900.00 1,600.00 1,350.00 1,150.00 1,800.00 700.00 2,250.00 250.00

Furnitures and Fixtures 8 41,270.00 41,270.00 41,270.00 41,270.00 41,270.00 41,270.00

Accumulated Depreciation - 3,714.30 37,555.70 7,428.60 33,841.40 11,142.90 30,127.10 14,857.20 26,412.80 18,571.50 22,698.50

Office Equipment 8 27,199.00 27,199.00 27,199.00 27,199.00 27,199.00 27,199.00

Accumulated Depreciation - 4,895.82 22,303.18 9,791.64 17,407.36 14,687.46 12,511.54 19,583.28 7,615.72 24,479.10 2,719.90

Waste Water Treatment 8 160,006.94 160,006.94 160,006.94 160,006.94 160,006.94 160,006.94

Accumulated Depreciation - 9,600.42 150,406.52 19,200.84 140,806.10 28,801.26 131,205.68 38,401.68 121,605.26 48,002.10 112,004.84

Machinery 8 493,928.00 493,928.00 493,928.00 493,928.00 493,928.00 493,928.00

Accumulated Depreciation - 29,635.68 464,292.32 59,271.36 434,656.64 88,907.04 405,020.96 118,542.72 375,385.28 148,178.40 345,749.60

Elevated Water Tank 8 180,500.00 180,500.00 180,500.00 180,500.00 180,500.00 180,500.00

Accumulated Depreciation - 10,830.00 169,670.00 21,660.00 158,840.00 32,490.00 148,010.00 43,320.00 137,180.00 54,150.00 126,350.00

Plant Equipment 8 4,727,252.714,727,252.71 4,727,252.71 4,727,252.71 4,727,252.71 4,727,252.71

Accummulated Depreciation - 283,635.16 4,443,617.55 567,270.32 4,159,982.39 850,905.48 3,876,347.23 1,134,540.64 3,592,712.07 1,418,175.80 3,309,076.91

Buildings 8 7,117,276.717,117,276.71 7,117,276.71 7,117,276.71 7,117,276.71 7,117,276.71

Accumulated Depreciation - 256,221.96 6,861,054.75 512,443.92 6,604,832.79 768,665.88 6,348,610.83 1,024,887.84 6,092,388.87 1,281,109.80 5,836,166.91

Land 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00

Total Assets 18,000,000.00 19,588,965.67 20,910,726.31 22,187,136.46 23,437,096.95 24,655,645.37

LIABILITIES AND EQUITY

Current Liabilities
Income Tax Payable 11 - 235,105.18 235,766.32 235,025.90 237,245.06 239,652.05
Current Portion of Loan 9 509,366.33 548,909.76 591,523.05 637,444.53 686,931.00
Noncurrent Liabilities
Loans Payable 9 12,600,000.00 11,617,962.06 11,069,052.30 10,477,529.25 9,840,084.72 9,153,153.72
Total Liabilities 12,362,433.57 11,853,728.38 11,304,078.20 10,714,774.31 10,079,736.77

Capital 12 5,400,000.00 7,226,532.10 9,056,997.94 10,883,058.27 12,722,322.63 14,575,908.59

Total Liabilities and Capital 18,000,000.00 19,588,965.67 20,910,726.31 22,187,136.46 23,437,096.95 24,655,645.37
144
 Exhibit 4
Calijo Tales Broiler Poultry Farm
Statement of Cash Flows
For the Years Ended Dec. 31, 2018-2022

Net CashFlow from Operating Activities

Pre-Operating Period 2018 2019 2020 2021 2022

Net Income before interest and taxes - 4,478,723.53 4,450,292.98 4,401,494.28 4,386,620.56 4,370,786.46

Adjustments for differences between income

Add: Depreciation expense - 598,983.34 598,983.34 598,983.34 598,983.34 598,983.34
Increase(Decrease) in Income Tax Payable - 235,105.18 661.13 (740.42) 2,219.17 2,406.99
Less: Interest Expense - 928,971.23 892,276.51 852,733.08 810,119.79 764,198.31
Increase in Supplies - 30,301.75 39.90 82.59 128.23 176.99
Income Tax Expense - 940,420.74 943,065.27 940,103.58 948,980.25 958,608.21
Net Cash provided by operations - 3,413,118.34 3,214,555.77 3,206,817.94 3,228,594.80 3,249,193.28

Cash Flows From Investing Activities

Payment for purchase of kitchen equipment (2,500.00) - - - - -

Payment for purchase of furnitures & fixtures (41,270.00) - - - - -
Pyment for purchase of office equipment (27,199.00) - - - - -
Payment for waste water treatment construction (160,006.94) - - - - -
Payment for puchase of machinery (493,928.00) - - - - -
Payment for elevated water tank construction (180,500.00) - - - - -
Payment for purchase of plant equipment (4,727,252.71) - - - - -
Payment for building construction (7,117,276.71) - - - - -
Payment of purchase of land (2,000,000.00) - - - - -
Net Cash used for investing activities (14,749,933.36) - - - - -

Cash Flows From Financing Activities

Capital 5,400,000.00 - - - - -
Withdrawal (782,799.47) (784,485.36) (782,597.28) (788,256.16) (794,393.98)
Payment of Loan - (472,671.61) (509,366.33) (548,909.76) (591,523.05) (637,444.53)
Proceeds from loan 12,600,000.00 - - - - -
Net cash provided by financing activities 18,000,000.00 (1,255,471.08)(1,293,851.69) (1,331,507.04)(1,379,779.21)
(1,431,838.51)

Net Increase(Decrease) in Cash 3,250,066.64 2,157,647.26 1,920,704.08 1,875,310.90 1,848,815.59 1,817,354.77

Cash balance, beg - 3,250,066.64 5,407,713.90 7,328,417.98 9,203,728.88 11,052,544.47

Cash balance, end 3,250,066.64
5,407,713.90 7,328,417.98 9,203,728.88 11,052,544.47 12,869,899.24
145
 Schedule 1

Service Revenue

2018 2019 2020 2021 2022

Farm Capacity 36000
Birds BPI 358.3743842358.7438424358.0049261 359.1133005360.2216749
Growing Days 30Days
Downtime 21Days
Broilers Harvested
34920
Birds 34920 34956 34884 34992 35100

Base Pay:

Average Live Weight, 1.8

ALW 5.30per kilo liveweight per
9.54
bird333,136.80 333,480.24 332,793.36 333,823.68 334,854.00
Feed Conversion Rate,
1.624
FCR 7.31per bird harvested 255,265.20 255,528.36 255,002.04 255,791.52 256,581.00
Harvest Rate,HR 97% 2.50per bird harvested 87,300.00 87,390.00 87,210.00 87,480.00 87,750.00

Incentives:

Vetmed Incentives 0.50per bird harvested 17,460.00 17,478.00 17,442.00 17,496.00 17,550.00
Disinfectant Incentives 0.20per bird harvested 6,984.00 6,991.20 6,976.80 6,998.40 7,020.00
Broiler Production Index (BPI) Incentives
2.00per bird harvested 69,840.00 69,912.00 69,768.00 69,984.00 70,200.00
LPG Subsidy 0.50per bird harvested 17,460.00 17,478.00 17,442.00 17,496.00 17,550.00
Feed Efficiency Bonus 1.00per bird harvested 34,920.00 34,956.00 34,884.00 34,992.00 35,100.00
Power Subsidy 0.50per bird harvested 17,460.00 17,478.00 17,442.00 17,496.00 17,550.00

Total 839,826.00 840,691.80 838,960.20 841,557.60 844,155.00

per bird 24.05 24.05 24.05 24.05 24.05
cycle per year 7 7 7 7 7
Gross revenue
5,878,782.00
5,884,842.60
5,872,721.40
5,890,903.20
5,909,085.00

Harvest Rate:
201897.00%
201997.10%
202096.90%
202197.20%
202297.50%
146
147
 Schedule 3

SalariesSchedule2
and Wages

ProjectedSalesByProduct
Farm Workers Salaries

BroilersHarvested 34,920.00 34,956.00 34,884.00 34,992.00 35,100.00

Night Shift Gross
AverageLiveWeightDuringStay Pay/Cycle
Gross
/Cycle
Pay1.60 1.60 Total
1.60 Annual Gross
1.60Pay1.60
Rate
Differential
BasicTotalWeight Total (Production Period)
(Down
Time)
55,872.00
Total per Cycle
Pay55,929.60 2018 2019
55,814.40
202055,987.20
2021 2022
56,160.00
220.6 22.06 242.66 7,279.80 2,051.58 9,331.3865,319.66
66,626.05
67,958.5769,317.7570,704.10
VolumeofChickenDungperday(.08
220.6 0 220.6 6,618.00 1,985.40 8,603.4060,223.80 61,428.28 62,656.8463,909.9865,188.18
oftotalweight) 4,469.76 4,474.37 4,465.15 4,478.98 4,492.80
220.6 0 220.6 6,618.00 1,985.40 8,603.4060,223.80 61,428.28 62,656.8463,909.9865,188.18
GrowingDays 30.00 30.00
171,406.20
30.00
174,834.32

178,331.01181,897.63
30.00
30.00 185,535.58
VolumeofChickenDungpercycle 134,092.80 134,231.04 133,954.56 134,369.28 134,784.00
noofcycles
Supervisor's Salary
7 7 7 7 7
VolumeofChickenDungperyear 938,649.60 939,617.28 937,681.92 940,584.96 943,488.00
kgpersack 50
Annual Gross Pay
50 50 50 50
no.Ofsacksharvestedandsoldperyear
Basic Rate
Gross pay per Cycle
2018 2019
18,772.99
2020
18,792.35
2021
18,753.64 18,811.70 18,869.76
2022
pricepersack
350.00 11,550.00 80,850.00 82,467.00 84,116.3450 85,798.67 50
87,514.64 50 50 50
salesrevenue 938,649.60 939,617.28 937,681.92 940,584.96 943,488.00
Wages

2018 2019 2020 2021 2022

Birds Harvested
34,920 34,956 34,884 34,992 35,100

Wage per Bird 0.5 0.5 0.5 0.5 0.5

Wages 17,460.00
17,478.00 17,442.00 17,496.00 17,550.00

2018 2019 2020 2021 2022

Salaries 252,256.20
257,301.32 262,447.35 267,696.30 273,050.22

Wages 17,460.00
17,478.00 17,442.00 17,496.00 17,550.00

269,716.20
274,779.32 279,889.35 285,192.30 290,600.22
148
149
 Schedule 8

Depreciation

COST SALVAGE VALUE

DEPRECIABLEESTIMATED
AMOUNT USEFUL
DEPRECIATION
LIFE EXPENSE

MACHINERIES 493,928.0049,392.80 444,535.20 15 29,635.68

PLANT EQUIPMENT
4,727,252.71
472,725.27 4,254,527.44 15 283,635.16

FURNITURES & FIXTURES

41,270.00 4,127.00 37,143.00 10 3,714.30

OFFICE EQUIPMENT
27,199.00 2,719.90 24,479.10 5 4,895.82

BUILDING 6,732,782.11
673,278.21 6,059,503.90 25 242,380.16

GUARD HOUSE 60,494.60 6,049.46 54,445.14 25 2,177.81

STAFF HOUSE 162,000.0016,200.00 145,800.00 25 5,832.00

SUPERVISOR'S HOUSE
162,000.0016,200.00 145,800.00 25 5,832.00

ELEVATED WATER TANK

180,500.0018,050.00 162,450.00 15 10,830.00

KITCHEN EQUIPMENT
2,500.00 250.00 2,250.00 5 450.00

WASTE WATER TREATMENT

160,006.9416,000.69 144,006.25 15 9,600.42

TOTAL 12,749,933.36
1,274,993.34
11,474,940.02 598,983.34
150
 151

Schedule 9

LOAN PAYABLE AMORTIZATION SCHEDULE

2018 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N

12,600,000.00
1 0.0062
116,803.57 5 78,750.00 38,053.57 12,561,946.43
2 0.0062
116,803.57 5 78,512.17 38,291.40 12,523,655.03
 152

3 0.0062
116,803.57 5 78,272.84 38,530.73 12,485,124.30
4 0.0062
116,803.57 5 78,032.03 38,771.54 12,446,352.76
5 0.0062
116,803.57 5 77,789.70 39,013.87 12,407,338.89
6 0.0062
116,803.57 5 77,545.87 39,257.70 12,368,081.19
7 0.0062
116,803.57 5 77,300.51 39,503.06 12,328,578.13
8 0.0062
116,803.57 5 77,053.61 39,749.96 12,288,828.17
9 0.0062
116,803.57 5 76,805.18 39,998.39 12,248,829.78
10 0.0062
116,803.57 5 76,555.19 40,248.38 12,208,581.39
11 0.0062
116,803.57 5 76,303.63 40,499.94 12,168,081.46
12 0.0062
116,803.57 5 76,050.51 40,753.06 12,127,328.39
TOTAL 1401642.84 928971.23 472671.61
2019 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
13 0.0062
116,803.57 5 75,795.80 41,007.77 12,086,320.63
14 0.0062
116,803.57 5 75,539.50 41,264.07 12,045,056.56
15 0.0062
116,803.57 5 75,281.60 41,521.97 12,003,534.59
16 0.0062
116,803.57 5 75,022.09 41,781.48 11,961,753.12
17 0.0062
116,803.57 5 74,760.96 42,042.61 11,919,710.50
18 0.0062
116,803.57 5 74,498.19 42,305.38 11,877,405.12
19 0.0062
116,803.57 5 74,233.78 42,569.79 11,834,835.34
20 0.0062
116,803.57 5 73,967.72 42,835.85 11,791,999.49
21 0.0062
116,803.57 5 73,700.00 43,103.57 11,748,895.91
22 0.0062
116,803.57 5 73,430.60 43,372.97 11,705,522.94
23 0.0062
116,803.57 5 73,159.52 43,644.05 11,661,878.89
24 0.0062
 153

116,803.57 5 72,886.74 43,916.83 11,617,962.06

TOTAL 1401642.84 892276.51 509366.33
2020 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
25 0.0062
116,803.57 5 72,612.26 44,191.31 11,573,770.76
26 0.0062
116,803.57 5 72,336.07 44,467.50 11,529,303.25
27 0.0062
116,803.57 5 72,058.15 44,745.42 11,484,557.83
28 0.0062
116,803.57 5 71,778.49 45,025.08 11,439,532.75
29 0.0062
116,803.57 5 71,497.08 45,306.49 11,394,226.26
30 0.0062
116,803.57 5 71,213.91 45,589.66 11,348,636.60
31 0.0062
116,803.57 5 70,928.98 45,874.59 11,302,762.01
32 0.0062
116,803.57 5 70,642.26 46,161.31 11,256,600.70
33 0.0062
116,803.57 5 70,353.75 46,449.82 11,210,150.89
34 0.0062
116,803.57 5 70,063.44 46,740.13 11,163,410.76
35 0.0062
116,803.57 5 69,771.32 47,032.25 11,116,378.51
36 0.0062
116,803.57 5 69,477.37 47,326.20 11,069,052.30
TOTAL 1401642.84 852733.08 548909.76
2021 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
37 0.0062
116,803.57 5 69,181.58 47,621.99 11,021,430.31
38 0.0062
116,803.57 5 68,883.94 47,919.63 10,973,510.68
39 0.0062
116,803.57 5 68,584.44 48,219.13 10,925,291.55
40 0.0062
116,803.57 5 68,283.07 48,520.50 10,876,771.05
41 0.0062
116,803.57 5 67,979.82 48,823.75 10,827,947.30
42 0.0062
116,803.57 5 67,674.67 49,128.90 10,778,818.40
43 0.0062
116,803.57 5 67,367.62 49,435.95 10,729,382.45
44 0.0062
 154

116,803.57 5 67,058.64 49,744.93 10,679,637.52

45 0.0062
116,803.57 5 66,747.73 50,055.84 10,629,581.68
46 0.0062
116,803.57 5 66,434.89 50,368.68 10,579,213.00
47 0.0062
116,803.57 5 66,120.08 50,683.49 10,528,529.51
48 0.0062
116,803.57 5 65,803.31 51,000.26 10,477,529.25
TOTAL 1401642.84 810119.79 591523.05
2022 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
49 0.0062
116,803.57 5 65,484.56 51,319.01 10,426,210.23
50 0.0062
116,803.57 5 65,163.81 51,639.76 10,374,570.48
51 0.0062
116,803.57 5 64,841.07 51,962.50 10,322,607.97
52 0.0062
116,803.57 5 64,516.30 52,287.27 10,270,320.70
53 0.0062
116,803.57 5 64,189.50 52,614.07 10,217,706.64
54 0.0062
116,803.57 5 63,860.67 52,942.90 10,164,763.73
55 0.0062
116,803.57 5 63,529.77 53,273.80 10,111,489.94
56 0.0062
116,803.57 5 63,196.81 53,606.76 10,057,883.18
57 0.0062
116,803.57 5 62,861.77 53,941.80 10,003,941.38
58 0.0062
116,803.57 5 62,524.63 54,278.94 9,949,662.44
59 0.0062
116,803.57 5 62,185.39 54,618.18 9,895,044.26
60 0.0062
116,803.57 5 61,844.03 54,959.54 9,840,084.72
TOTAL 1401642.84 764198.31 637444.53
2023 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
61 0.0062
116,803.57 5 61,500.53 55,303.04 9,784,781.68
62 0.0062
116,803.57 5 61,154.89 55,648.68 9,729,133.00
63 0.0062
116,803.57 5 60,807.08 55,996.49 9,673,136.51
64 0.0062
 155

116,803.57 5 60,457.10 56,346.47 9,616,790.04

65 0.0062
116,803.57 5 60,104.94 56,698.63 9,560,091.41
66 0.0062
116,803.57 5 59,750.57 57,053.00 9,503,038.41
67 0.0062
116,803.57 5 59,393.99 57,409.58 9,445,628.83
68 0.0062
116,803.57 5 59,035.18 57,768.39 9,387,860.44
69 0.0062
116,803.57 5 58,674.13 58,129.44 9,329,731.00
70 0.0062
116,803.57 5 58,310.82 58,492.75 9,271,238.25
71 0.0062
116,803.57 5 57,945.24 58,858.33 9,212,379.91
72 0.0062
116,803.57 5 57,577.37 59,226.20 9,153,153.72
TOTAL 1401642.84 714711.84 686931.00
2024 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
73 0.0062
116,803.57 5 57,207.21 59,596.36 9,093,557.36
74 0.0062
116,803.57 5 56,834.73 59,968.84 9,033,588.52
75 0.0062
116,803.57 5 56,459.93 60,343.64 8,973,244.88
76 0.0062
116,803.57 5 56,082.78 60,720.79 8,912,524.09
77 0.0062
116,803.57 5 55,703.28 61,100.29 8,851,423.80
78 0.0062
116,803.57 5 55,321.40 61,482.17 8,789,941.63
79 0.0062
116,803.57 5 54,937.14 61,866.43 8,728,075.19
80 0.0062
116,803.57 5 54,550.47 62,253.10 8,665,822.09
81 0.0062
116,803.57 5 54,161.39 62,642.18 8,603,179.91
82 0.0062
116,803.57 5 53,769.87 63,033.70 8,540,146.21
83 0.0062
116,803.57 5 53,375.91 63,427.66 8,476,718.56
84 0.0062
116,803.57 5 52,979.49 63,824.08 8,412,894.48
TOTAL 1401642.84 661383.60 740259.24
2025 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
 156

PAYMENT N
85 0.0062
116,803.57 5 52,580.59 64,222.98 8,348,671.50
86 0.0062
116,803.57 5 52,179.20 64,624.37 8,284,047.13
87 0.0062
116,803.57 5 51,775.29 65,028.28 8,219,018.85
88 0.0062
116,803.57 5 51,368.87 65,434.70 8,153,584.15
89 0.0062
116,803.57 5 50,959.90 65,843.67 8,087,740.48
90 0.0062
116,803.57 5 50,548.38 66,255.19 8,021,485.29
91 0.0062
116,803.57 5 50,134.28 66,669.29 7,954,816.00
92 0.0062
116,803.57 5 49,717.60 67,085.97 7,887,730.03
93 0.0062
116,803.57 5 49,298.31 67,505.26 7,820,224.77
94 0.0062
116,803.57 5 48,876.40 67,927.17 7,752,297.61
95 0.0062
116,803.57 5 48,451.86 68,351.71 7,683,945.90
96 0.0062
116,803.57 5 48,024.66 68,778.91 7,615,166.99
TOTAL 1401642.84 603915.35 797727.49
2026 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
97 0.0062
116,803.57 5 47,594.79 69,208.78 7,545,958.21
98 0.0062
116,803.57 5 47,162.24 69,641.33 7,476,316.88
99 0.0062
116,803.57 5 46,726.98 70,076.59 7,406,240.29
100 0.0062
116,803.57 5 46,289.00 70,514.57 7,335,725.73
101 0.0062
116,803.57 5 45,848.29 70,955.28 7,264,770.44
102 0.0062
116,803.57 5 45,404.82 71,398.75 7,193,371.69
103 0.0062
116,803.57 5 44,958.57 71,845.00 7,121,526.69
104 0.0062
116,803.57 5 44,509.54 72,294.03 7,049,232.66
105 0.0062
116,803.57 5 44,057.70 72,745.87 6,976,486.80
 157

106 0.0062
116,803.57 5 43,603.04 73,200.53 6,903,286.27
107 0.0062
116,803.57 5 43,145.54 73,658.03 6,829,628.24
108 0.0062
116,803.57 5 42,685.18 74,118.39 6,755,509.84
TOTAL 1401642.84 541985.69 859657.15
2027 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
109 0.0062
116,803.57 5 42,221.94 74,581.63 6,680,928.21
110 0.0062
116,803.57 5 41,755.80 75,047.77 6,605,880.44
111 0.0062
116,803.57 5 41,286.75 75,516.82 6,530,363.62
112 0.0062
116,803.57 5 40,814.77 75,988.80 6,454,374.83
113 0.0062
116,803.57 5 40,339.84 76,463.73 6,377,911.10
114 0.0062
116,803.57 5 39,861.94 76,941.63 6,300,969.47
115 0.0062
116,803.57 5 39,381.06 77,422.51 6,223,546.96
116 0.0062
116,803.57 5 38,897.17 77,906.40 6,145,640.56
117 0.0062
116,803.57 5 38,410.25 78,393.32 6,067,247.24
118 0.0062
116,803.57 5 37,920.30 78,883.27 5,988,363.97
119 0.0062
116,803.57 5 37,427.27 79,376.30 5,908,987.67
120 0.0062
116,803.57 5 36,931.17 79,872.40 5,829,115.28
TOTAL 1401642.84 475248.27 926394.57
2028 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
121 0.0062
116,803.57 5 36,431.97 80,371.60 5,748,743.68
122 0.0062
116,803.57 5 35,929.65 80,873.92 5,667,869.76
123 0.0062
116,803.57 5 35,424.19 81,379.38 5,586,490.37
124 0.0062
116,803.57 5 34,915.56 81,888.01 5,504,602.37
125 0.0062
116,803.57 5 34,403.76 82,399.81 5,422,202.56
 158

126 0.0062
116,803.57 5 33,888.77 82,914.80 5,339,287.76
127 0.0062
116,803.57 5 33,370.55 83,433.02 5,255,854.74
128 0.0062
116,803.57 5 32,849.09 83,954.48 5,171,900.26
129 0.0062
116,803.57 5 32,324.38 84,479.19 5,087,421.07
130 0.0062
116,803.57 5 31,796.38 85,007.19 5,002,413.88
131 0.0062
116,803.57 5 31,265.09 85,538.48 4,916,875.39
132 0.0062
116,803.57 5 30,730.47 86,073.10 4,830,802.29
TOTAL 1401642.84 403329.86 998312.98
2029 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
133 0.0062
116,803.57 5 30,192.51 86,611.06 4,744,191.24
134 0.0062
116,803.57 5 29,651.20 87,152.37 4,657,038.86
135 0.0062
116,803.57 5 29,106.49 87,697.08 4,569,341.79
136 0.0062
116,803.57 5 28,558.39 88,245.18 4,481,096.60
137 0.0062
116,803.57 5 28,006.85 88,796.72 4,392,299.89
138 0.0062
116,803.57 5 27,451.87 89,351.70 4,302,948.19
139 0.0062
116,803.57 5 26,893.43 89,910.14 4,213,038.05
140 0.0062
116,803.57 5 26,331.49 90,472.08 4,122,565.97
141 0.0062
116,803.57 5 25,766.04 91,037.53 4,031,528.43
142 0.0062
116,803.57 5 25,197.05 91,606.52 3,939,921.92
143 0.0062
116,803.57 5 24,624.51 92,179.06 3,847,742.86
144 0.0062
116,803.57 5 24,048.39 92,755.18 3,754,987.68
TOTAL 1401642.84 325828.23 1075814.61
2030 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
145 0.0062
116,803.57 5 23,468.67 93,334.90 3,661,652.78
 159

146 0.0062
116,803.57 5 22,885.33 93,918.24 3,567,734.54
147 0.0062
116,803.57 5 22,298.34 94,505.23 3,473,229.31
148 0.0062
116,803.57 5 21,707.68 95,095.89 3,378,133.43
149 0.0062
116,803.57 5 21,113.33 95,690.24 3,282,443.19
150 0.0062
116,803.57 5 20,515.27 96,288.30 3,186,154.89
151 0.0062
116,803.57 5 19,913.47 96,890.10 3,089,264.79
152 0.0062
116,803.57 5 19,307.90 97,495.67 2,991,769.12
153 0.0062
116,803.57 5 18,698.56 98,105.01 2,893,664.11
154 0.0062
116,803.57 5 18,085.40 98,718.17 2,794,945.94
155 0.0062
116,803.57 5 17,468.41 99,335.16 2,695,610.78
156 0.0062
116,803.57 5 16,847.57 99,956.00 2,595,654.78
TOTAL 1401642.84 242309.94 1159332.90
2031 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
157 0.0062
116,803.57 5 16,222.84 100,580.73 2,495,074.05
158 0.0062
116,803.57 5 15,594.21 101,209.36 2,393,864.70
159 0.0062
116,803.57 5 14,961.65 101,841.92 2,292,022.78
160 0.0062
116,803.57 5 14,325.14 102,478.43 2,189,544.35
161 0.0062
116,803.57 5 13,684.65 103,118.92 2,086,425.44
162 0.0062
116,803.57 5 13,040.16 103,763.41 1,982,662.02
163 0.0062
116,803.57 5 12,391.64 104,411.93 1,878,250.09
164 0.0062
116,803.57 5 11,739.06 105,064.51 1,773,185.59
165 0.0062
116,803.57 5 11,082.41 105,721.16 1,667,464.43
166 0.0062
116,803.57 5 10,421.65 106,381.92 1,561,082.51
167 0.0062
 160

116,803.57 5 9,756.77 107,046.80 1,454,035.70

168 0.0062
116,803.57 5 9,087.72 107,715.85 1,346,319.86
TOTAL 1401642.84 152307.92 1249334.92
2032 PERIODIC RATE INTEREST AMORTIZATIO PRINCIPAL
PAYMENT N
169 0.0062
116,803.57 5 8,414.50 108,389.07 1,237,930.79
170 0.0062
116,803.57 5 7,737.07 109,066.50 1,128,864.28
171 0.0062
116,803.57 5 7,055.40 109,748.17 1,019,116.11
172 0.0062
116,803.57 5 6,369.48 110,434.09 908,682.02
173 0.0062
116,803.57 5 5,679.26 111,124.31 797,557.71
174 0.0062
116,803.57 5 4,984.74 111,818.83 685,738.88
175 0.0062
116,803.57 5 4,285.87 112,517.70 573,221.18
176 0.0062
116,803.57 5 3,582.63 113,220.94 460,000.24
177 0.0062
116,803.57 5 2,875.00 113,928.57 346,071.67
178 0.0062
116,803.57 5 2,162.95 114,640.62 231,431.05
179 0.0062
116,803.57 5 1,446.44 115,357.13 116,073.92
180 0.0062 -
116,803.57 5 725.46 116,078.11 4.19
TOTAL 1401642.84 55318.80 1346324.04

TOTAL 21024642.6 8424638.4 12600004.19

1
 161

Table 30
 162

Table 31

Table 32
163