Example

Former mortgage for period March 1, 1982, to August 1, 1982

 

Factor
(.0065581970)

 

(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.