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Below find a brief overview of two different lease packages. Both assume
<br />payouts over five years. Both assume an interest rate of 5.59%. As you can
<br />see, the first package offers a savings of $45,000 in principal payments alone.
<br />In addition, $7,820 can be saved over the five years in interest payments.
<br /> Outstanding Interest Principal Total
<br /> Balance Payment Payment Payment
<br />1994 $390,000 $21,801 $69,753 $91,554
<br />1995 $320,247 $17,902 $73,653 $91,554
<br />1996 $246,594 $13,785 $77,770 $91,554
<br />1997 $168,824 $9,437 $82,117 $91,554
<br />1998 $86,707 $4,847 $86,707 $91,554
<br />Total $67,772 $390,000 $457,772
<br />Cumalative
<br />Payments
<br />$91,554
<br />$183,109
<br />$274,663
<br />$366,217
<br />$457,772
<br /> Outstanding Interest Principal Total Cumalative
<br /> Balance Payment Payment Payment Payments
<br />1994 $435,000 $24,317 $77,802 $102,118 $102,118
<br />1995 $357,198 $19,967 $82,151 $102,118 $204,237
<br />1996 $275,047 $15,375 $86,743 $102,118 $306,355
<br />1997 $188,304 $10,526 $91,592 $102,118 $408,473
<br />1998 $96,712 $5,406 $96,712 $102,118 $510,591
<br />Total $75,591 $435,000 $510,591
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