Year
Interest Payments
Loan Amortisation
on original Loan on New Loan
Original Loan New Loan
40
Total
$
$
$
$
1st
611,325
240,000
400,000 1,251,325
2nd
611,325
208,000
450,000 1,269,325
3rd
611,325
172,000
500,000 1,283.325
4th
611,325
132,000
550,000 1,293.325
5th
611,325
88,000
600,000 1,299,325
6th
611,325
40,000
500,000 | 1,151,325
3,667,950
880,000
3,000,000 7,547,950
7th
611,325
940,500
1,551,825
8th
564,300
940,500
1,504,800
9th
517,275
940,500
1,457,775
10th
470,250
940,500
1,410,750
11th
423,225
940,500
1,363,725
12th
376,200
940,500
1,316,700
13th
329,175
940,500
1,269,675
14th
282,150
940,500
1,222,650
15th
235,125
940,500
1,175,625
16th
188,100
940.500
1,128,600
17thl
141,075
940,500
1,081,575
18th
94,050
940,500
1,034,550
19th
47,025
940,500
987,525
Total
7,947,225
880,000
12,226,500
B,000,000 24,053,725
12.
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