Example
Former mortgage for period March 1, 1982, to August 1, 1982
|
Factor |
(Payment Per) '000$ |
|||
|---|---|---|---|---|
|
March 1, 82 |
35,255.93 |
|||
|
April 1, 82 |
231.21 |
41.50 |
272.71 |
35,214.43 |
|
May 1, 82 |
230.94 |
41.77 |
272.71 |
35,172.66 |
|
June 1, 82 |
230.67 |
42.04 |
272.71 |
35,130.62 |
|
July 1, 82 |
230.39 |
42.32 |
272.71 |
35,088.30 |
|
August 1, 82 |
230.11 |
42.60 |
272.71 |
35,045.70 |
|
$1,153.32 |
New location mortgage for period March 1, 1982, to August 1, 1982 (renewed March 1, 1982, at 18 1/2%).
Principal as at March 1, 1982 - $35,255.93.
Amortization period - 15 years.