INVESTMENT PLAN

Startup Expenses Amounts Startup Assets

Supplies & Tools $30,000 Working Capital

Supply SNS $8,000 Town Warmer

Website Design $1,500 Facial Machine

Leasing Deposit $27,000 Paraffin Dispenser

3D Design $4,200 Customer and Nail Tech Chair

Architect Fee $9,000 Refrigerator

Pedicure chair Deposit $24,000 TV

Permit Fee $2,000 Security Camera

Operating expense budget Salary $180,000 Facial & Waxing Table

Loan Document Fee $14,000 Improvement & Renovation

Business Plan Consultant Fees $12,650 Pedicure Chairs

Marketing cost $5,000 Inventory

Constrction cost

Furniture & Fixture

Other Equipments

Fund Required $317,350 Fund Required

Total Funds Required

1200000

1000000

800000

600000

400000

200000

0
Expenses Assets Loan Investment
400000

200000

0
Expenses Assets Loan Investment
Amounts

$210,000

$2,000

$1,500

$500

$12,800

$850

$700

$5,000

$4,000

$95,000

$49,600

$36,000

$490,156

$101,500

$50,000

$1,059,606

$1,376,956
 Expenses Assets Loan Investment

Funds Requried $376,809 $1,376,956 1,000,000 $585,156

 Revenue Plan
Revenue Plan from FY1 to FY3
Revenue Channel FY1 FY2 FY3
Application of Artificial Nails $54,000 $57,600 $72,720
Manicures $158,400 $168,960 $213,312
Shellac Nails $270,000 $288,000 $363,600
Dip Nails $216,000 $230,400 $290,880
Products $540,000 $921,600 $1,454,400
Misc. Services $70,600 $60,800 $94,080
Sales Forecast $1,309,000 $1,727,360 $2,488,992

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
FY1 FY2 FY3

Revenue Plan
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Application Manicures Shellac Nails Dip Nails Products Misc. Sales
of Artificial Services Forecast
Nails

FY1 FY2 FY3

Table: Profit & Loss
Pro Forma Profit & Loss
Revenue FY1 FY2
Sales $1,309,000 $1,727,360
Cost of Sales $376,809 $497,238
Gross Profit $932,191 $1,230,122
GP Margin 71% 71%

Operating Expenses
Advertising $24,500 $27,685
Credit Card Fees $21,600 $24,408
Insurance $6,500 $7,345
Legal & Accounting $7,000 $7,910
Payroll $450,000 $508,500
Rent $170,000 $192,100
Supplies $12,500 $14,125
Security and Alarm Services $5,400 $6,102
Telephone and Internet Exp. $10,500 $11,865
Utilities $16,000 $18,080
Total Operating Expenses $724,000 $818,120

Operating Income (EBITDA) $208,191 $412,002

Projected Owner's Withdrawal - -

SBA Debt Service $90,450 $90,450
Net Profit Before Taxes $117,741 $321,552

Income Tax (9.2%) 0 $29,582.80

Net Income $117,741 $291,969

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
FY1 FY2 FY3
 Net income
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
FY1 FY2 FY3
FY3
$2,488,992
$716,481
$1,772,511
71%

$31,284
$27,581
$8,300
$8,938
$574,605
$217,073
$15,961
$6,895
$13,407
$20,430
$924,476

$848,035

-
$90,450
$757,585

$69,697.83
$687,887
Table: Projected Cash Flow
Pro Forma Profit & Loss
Cash Received FY 1 FY 2
Cash from Operations
Cash Sales $1,309,000 $1,727,360
Subtotal Cash from Operation Activities $1,309,000 $1,727,360
Additional Cash Received
Sales Tax, Vat, HST/GST received
New Current borrowing
New other liabilities (interest - free)
New Long term liabilities $1,000,000
Sales of other Current Assets
New Investment Received $376,956
Subtotal Cash Received $2,685,956 $1,727,360

Expenditures FY 1 FY 2
Expenditures from Operations $376,809 $497,238
Cash Spending $724,000 $818,120
Bill payments
Subtotal Spend on Operations $1,100,809 $1,315,358

Additional Cash Spent

Sales Tax/VAT $0 $29,583
Current Borrowings
Other liabilities Principal
Long - Term liabilities Principal $90,450 $90,450
Purchase other Current Assets
Purchase long term Assets $1,376,956
Dividends
Total ACP $1,467,406 $120,033
Subtotal Cash Spent $2,568,215 $1,435,391
Net Cash flow Balance $117,741 $291,969

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
FY 1 FY 2 FY 3
0.3

0.2

0.1

0
FY 1 FY 2 FY 3
 FY 3

$2,488,992
$2,488,992

$2,488,992

FY 3
$716,481
$924,476

$1,640,957

$69,698

$90,450

$160,148
$1,801,105
$687,887
Table: Balance Sheet
Pro forma Balance Sheet
Assets FY1 FY2
Current Assets
Cash $1,309,000 $1,727,360
Bank $100,000 $100,000
Other Current Assets $36,000 $41,400
Total Current Assets $1,445,000 $1,868,760
Long - Term Assets $718,606 $646,745
Accumulated Depriciation $71,861 $64,675
Total Long - Term Assets $646,745 $582,071
Total Assets $2,091,745 $2,450,831

Liabilities & Capital

Current Liabilities
Accounts Payable $31,273 $47,296
Current Borrowings
Other Current Liabilities
Subtotal Current Liabilities $31,273 $47,296
Long term Liabilities $1,000,000
Total Liabilities $1,031,273 $47,296

Paid in Capital $870,710 $870,710

Retained Earnings $72,021 $1,240,856
Earnings $117,741 $291,969
Total Capital $1,060,472 $2,403,535
Total Liabilities & Capital $2,091,745 $2,450,831
 FY3

$2,488,992
$100,000
$47,610
$2,636,602
$582,071
$58,207
$523,864
$3,160,466

$61,636

$61,636

$61,636

$870,710
$1,540,232
$687,887
$3,098,829
$3,160,465
 INVESTMENT PLAN
Start-up Expenses Amounts Start-up Assets
Supplies & Tools $30,000 Working Capital
Supply SNS $8,000 Station Aries and reusable
Website Design $1,500 Town Warmer
Leasing Deposit $27,000 Facial Machine
3D Design $4,200 Paraffin Dispenser
Architect Fee $9,000 Customer and Nail Tech Chair
Pedicure Chair Deposit $24,000 Refrigerator TV
Permit Fee $2,000 Security Cameras
Operating Expense Budget Salary $180,000 Facial and Waxing Table
Loan Document Fee $14,000 Improvement & Renovation
Business Plan Consultant Fee $12,650 Other Equipment
Pedicure Chairs
Inventory
Furniture & Fixture

Funds Required $312,350 Funds Required

Total Funds Required $750,000

INVESTMENT PLAN
Amounts
$101,257
$44,285
$2,000
$1,500
$500
$12,800
$1,500
$5,000
$4,000
$79,208
$50,000
$49,600
$36,000
$50,000

$437,650

$750,000
 Revenue Plan From Year 1 to Year 3

Revenue Channel Year 1 Year 2 Year 3

Application of Artificial Nails $18,000 $23,040 $29,088
Manicures $52,800 $67,584 $85,325
Shellac Nails $90,000 $115,200 $145,440
Dip Nails $72,000 $92,160 $116,352
Products $360,000 $460,800 $581,760
Misc. Services $19,200 $24,576 $31,027
Total $612,000 $783,360 $988,992

1 1 1

0.9 0.9 0.9

0.8 0.8 0.8

0.7 0.7 0.7

0.6 0.6 0.6

0.5 0.5 0.5

0.4 0.4 0.4

0.3 0.3 0.3

0.2 0.2 0.2

0.1 0.1 0.1

0 0 0
1 2 3 1 2 3 1 2 3

1 1 1

0.9 0.9 0.9

0.8 0.8 0.8

0.7 0.7 0.7

0.6 0.6 0.6

0.5 0.5 0.5

0.4 0.4 0.4

0.3 0.3 0.3

0.2 0.2 0.2

0.1 0.1 0.1

0 0 0
1 2 3 1 2 3 1 2 3
 Financial Highlights
Revenue Plan from Year 1 to Year 5
Revenue by Distributed Channel

Financial Highlights Year 1 Year 2 Year 3

Revenue $612,000 $745,294 $907,619
Gross Profit $550,800 $670,764 $816,857
EBITDA $131,160 $238,129 $363,613
Net Income $37,796 $117,644 $220,320

Gross Profit 90% 90% 90%

EBITDA 21% 32% 40%
Net Income 6% 16% 24%

1
Revenue Cash at Year End
0.9
1 1
0.8
0.9 0.9
0.7
0.8 0.8
0.7 0.6 0.7
0.6 0.5 0.6
0.5 0.4 0.5
0.4 0.4
0.3
0.3 0.3
0.2
0.2 0.2
0.1 0.1 0.1
0 0 0
Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 1 2 3
 Proforma Income Statement
Revenue Year 1 Year 2 Year 3
Sales $612,000 $745,294 $907,619
Cost of Sales $61,200 $74,529 $90,762
Gross Profit $550,800 $670,764 $816,857
90% 90% 90%
Operating Expenses
Wages & Salaries $268,800 $281,595 $294,999
Rent $104,400 $104,400 $109,369
Utilities $4,200 $4,400 $4,609
Phone, Internet & Cable $3,000 $3,000 $3,143
Supplies $33,000 $33,000 $34,571
Insurance $6,000 $6,000 $6,300
Misc Expenses $240 $240 $252
Total Operating Expenses $419,640 $432,635 $453,243
Operating income (EBITDA) $131,160 $238,129 $363,613
Depreciation $37,050 $37,050 $37,050
Interest $56,314 $52,163 $47,677
Net Income Before Tax $37,796 $148,917 $278,886
Income Tax $0 $31,273 $58,566
Net Income $37,796 $117,644 $220,320

Highlights Year 1 Year 2 Year 3

Revenue $612,000 $745,294 $907,619
Net Income $37,796 $117,644 $220,320
Cash at Year End $203,250 $332,920 $559,302

Financial Highlights
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Year 1 Year 2 Year 3

Revenue Net Income Cash at Year End

 Projected Cash Flow Statement
Year 1 Year 2 Year 3
Cash flow from Operating Activities
Sales $612,100 $744,844 $909,669
Cost of Sales ($61,200) ($74,529) ($90,762)
Wages & Salaries ($268,800) ($281,595) ($294,999)
Rent ($104,400) ($104,400) ($109,369)
Utilities ($4,200) ($4,400) ($4,609)
Phone, Internet & Cable ($3,000) ($3,000) ($3,143)
Supplies ($33,000) ($33,000) ($34,571)
Insurance ($6,000) ($6,000) ($6,300)
Misc Expenses ($240) ($240) ($252)
Interest ($56,314) ($52,163) ($47,677)
Income Tax ($31,273)
Net Cash Flow from Operating Activities $74,946 $185,517 $286,714
Cash Flow from Investing Activities
Investment
Capex ($570,000)
Net Cash Flow from Investing Activities ($570,000) $0 $0
Cash Flow from Finaincing Activities
Owner's Investment
Bank Loan $750,000
Repayment ($51,695) ($55,847) ($60,332)
Net Cash flow from Financing Activities $698,305 ($55,847) ($60,332)
Total Net Cash Flow During the Period $203,250 $129,670 $226,381
Cash Flow at the Start of the Period $0 $203,250 $332,920
Cash Flow at the End of the Period $203,250 $332,920 $559,302

Cash Flow at the start and end of the Period

1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Cash Flow at the Start of the
Period

Cash Flow at the Start of the Period Cash Flow at the End of the Period
 Projected Balance Sheet

Year 1 Year 2 Year 3

Assets
Current Assets
Cash $203,250 $332,920 $559,302
Bank $100,000 $100,000 $100,000
Receivables $20,500 $25,600 $30,500
Total Current Assets $323,750 $458,520 $689,802
Non Current Assets
Fixed Assets $540,650 $540,650 $540,650
Intangible Assets $29,350 $29,350 $29,350
Acc. Depreciation ($37,050) ($74,100) ($111,150)
Total Non Current Assets $532,950 $495,900 $458,850
Total Assets $856,700 $954,420 $1,148,652

Liabilities
Current Liabilities
Accounts payables $20,600 $25,150 $32,550
Provision for Taxation $0 $31,273 $58,566
Total Current Liabilities $20,600 $56,423 $91,116
Long term liabilities $698,305 $642,458 $582,126
Total Liabilities $718,905 $698,880 $673,242

Equity
Owner's Equity $100,000 $100,000 $100,000
External Investment
Retained Earnings $37,796 $155,540 $375,410
Total Equity $137,796 $255,540 $475,410
Total Liabilities & Equity $856,700 $954,420 $1,148,652

Equity, Assets & Liabilities

1

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
Year 1 Year 2 Year 3

Total Assets Total Liabilities Total Equity

0.1

0
Year 1 Year 2 Year 3

Total Assets Total Liabilities Total Equity

 Profit & Loss monthly Forecast
1 2 3 4 5 6 7 8 9 10 11
Revenue $33,000 $35,442 $38,065 $40,881 $43,907 $47,156 $50,645 $54,393 $58,418 $62,741 $67,384
COGS - Cost of Goods sold $3,300 $3,544 $3,806 $4,088 $4,391 $4,716 $5,065 $5,439 $5,842 $6,274 $6,738
Gross profit $29,700 $31,898 $34,258 $36,793 $39,516 $42,440 $45,581 $48,954 $52,576 $56,467 $60,646

Operating Expenses
Wages & Salaries $22,400 $22,400 $22,400 $22,400 $22,400 $22,400 $22,400 $22,400 $22,400 $22,400 $22,400
Rent $8,700 $8,700 $8,700 $8,700 $8,700 $8,700 $8,700 $8,700 $8,700 $8,700 $8,700
Utilities $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350
Phone, Internet & Cable $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250
Supplies $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750 $2,750
Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Misc Expenses $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20
Total Operating Expenses $34,970 $34,970 $34,970 $34,970 $34,970 $34,970 $34,970 $34,970 $34,970 $34,970 $34,970

Operating income (EBITDA) ($5,270) ($3,072) ($712) $1,823 $4,546 $7,470 $10,611 $13,984 $17,606 $21,497 $25,676
Depreciation & Amortization $4,510 4,510 4,510 4,510 4,510 4,510 4,510 4,510 4,510 4,510 4,510
Interest $4,844 $4,817 $4,790 $4,763 $4,735 $4,708 $4,680 $4,652 $4,624 $4,596 $4,567
Provision for Taxation - - - - - - - - - - -
Net income ($14,624) ($12,399) ($10,011) ($7,449) ($4,699) ($1,747) $1,421 $4,822 $8,473 $12,392 $16,599

Revenue Monthly Forecasting

1

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
1 2 3 4 5 6 7 8 9 10 11 12
& Loss monthly Forecast
12 Total
$79,967 $612,000
$7,997 $61,200
$71,971 $550,800

$22,400 $268,800
$8,700 $104,400
$350 $4,200
$250 $3,000
$2,750 $33,000
$500 $6,000
$20 $240
$34,970 $419,640

$37,001 $131,160
4,510 $54,117
$4,539 $56,314
- $0
$27,952 $20,729
 Senstivity Analysis (Increase in Revenue)
Revenue Year 1 Year 2 Year 3
Sales $734,400 $894,352 $1,089,142
Cost of Sales $73,440 $89,435 $108,914
Gross Profit $660,960 $804,917 $980,228

Operating Expenses
Wages & Salaries $268,800 $281,595 $294,999
Rent $104,400 $104,400 $109,369
Utilities $4,200 $4,400 $4,609
Phone, Internet & Cable $3,000 $3,000 $3,143
Supplies $33,000 $33,000 $34,571
Insurance $6,000 $6,000 $6,300
Misc Expenses $240 $240 $252
Total Operating Expenses $419,640 $432,635 $453,243
Operating income (EBITDA) $241,320 $372,282 $526,985
Depreciation $37,050 $37,050 $37,050
Interest $56,314 $52,163 $47,677
Net Income Before Tax $147,956 $283,070 $442,257
Income Tax $0 $59,445 $92,874
Net Income $147,956 $223,625 $349,383

Highlights Year 1 Year 2 Year 3

Revenue $734,400 $894,352 $1,089,142
Net Income $147,956 $223,625 $349,383

Financial Highlights
1

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
Year 1 Year 2 Year 3

Sales Net Income Revenue

 Senstivity Analysis (Decrease in Revenue)
Revenue Year 1 Year 2 Year 3
Sales $489,600 $596,235 $726,095
Cost of Sales $48,960 $59,623 $72,609
Gross Profit $440,640 $536,611 $653,485

Operating Expenses
Wages & Salaries $268,800 $281,595 $294,999
Rent $104,400 $104,400 $109,369
Utilities $4,200 $4,400 $4,609
Phone, Internet & Cable $3,000 $3,000 $3,143
Supplies $33,000 $33,000 $34,571
Insurance $6,000 $6,000 $6,300
Misc Expenses $240 $240 $252
Total Operating Expenses $419,640 $432,635 $453,243
Operating income (EBITDA) $21,000 $103,977 $200,242
Depreciation $37,050 $37,050 $37,050
Interest $56,314 $52,163 $47,677
Net Income Before Tax ($72,364) $14,764 $115,515
Income Tax $0 $3,100 $24,258
Net Income ($72,364) $11,664 $91,257

Highlights Year 1 Year 2 Year 3

Revenue $489,600 $596,235 $726,095
Net Income ($72,364) $11,664 $91,257

Financial Highlights
1

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
Year 1 Year 2 Year 3

Sales Net Income Revenue

 Break even Analysis
Average Price $55
Sales Volumne 11160
Total sales Amount $612,000
Per Unit Variable Cost $5
Total Variable Cost $61,200
Contribution Margin per Unit $49
Fixed Cost $419,640
Breakeven points in Unit 8,503

Breakeven Graphically

Sales volume (No of Customers 3,171 5,837 8,503 11,169 13,835

Average Price $55 $55 $55 $55 $55
Fixed Cost $419,640 $419,640 $419,640 $419,640 $419,640
Variable cost $17,387 $32,007 $46,627 $61,247 $75,867
Total Cost $437,027 $451,647 $466,267 $480,887 $495,507
Total Sales $173,867 $320,067 $466,267 $612,467 $758,667
Net Profit/Loss -$263,160 -$131,580 $0 $131,580 $263,160

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0
1 2 3 4 5

Fixed Cost Variable cost Total Cost Total Sales

 Ratio Anaysis
Year 1 Year 2 Year 3
Profitability Ratios
Gross Margin 90% 90% 90%
Operating Margin 21% 32% 40%
Net Profit Margin 6% 16% 24%
Return on Assets 4% 12% 19%
Return on Equity 0 0 0

Operating Expenses Breakdown

Wages & Salaries $268,800 $281,595 $294,999
Rent $104,400 $104,400 $109,369
Utilities $4,200 $4,400 $4,609
Phone, Internet & Cable $3,000 $3,000 $3,143
Supplies $33,000 $33,000 $34,571
Insurance $6,000 $6,000 $6,300
Misc Expenses $240 $240 $252
Total Operating Expenses $419,640 $432,635 $453,243

Operating Expenses & Breakdown

Wages & Salaries

Rent
Utilities
Phone, Internet & Cable
Supplies
Insurance
Misc Expenses
Total Operating Expenses
 Revenue Assumptions
Avg. No. of Avg. No. of
Year 1 Customers/ Customers/ Avg. Price Annual Revenue Cost of Sales
Revenue Channel Monthly Annual
Application of
Artificial Nails 50 600 $30 $18,000 $1,800
Manicures 200 2400 $22 $52,800 $5,280
Shellac Nails 150 1800 $50 $90,000 $9,000
Dip Nails 150 1800 $40 $72,000 $7,200
Products 300 3600 $100 $360,000 $36,000
Misc Services 80 960 $20 $19,200 $1,920
Total 930 11160 $262 $612,000 $61,200

Avg. No. of Avg. No. of

Year
Gross2Rate Customers/ Customers/ Avg. Price Annual Revenue Cost of Sales
(Increase in Monthly
28% Annual 0%
Customers)
Revenue Channel
Application of
Artificial Nails 64 768 $30 $23,040 $2,304
Manicures 256 3072 $22 $67,584 $6,758
Shellac Nails 192 2304 $50 $115,200 $11,520
Dip Nails 192 2304 $40 $92,160 $9,216
Products 384 4608 $100 $460,800 $46,080
Misc Services 102 1228.8 $20 $24,576 $2,458
Total 1190 14285 $262 $783,360 $78,336

Avg. No. of Avg. No. of

Year
Gross3Rate Customers/ Customers/ Avg. Price Annual Revenue Cost of Sales
(Increase in Monthly
25% Annual 1%
Customers)
Revenue Channel
Application of
Artificial Nails 80 960 $30 $29,088 2,909
Manicures 320 3840 $22 $85,325 8,532
Shellac Nails 240 2880 $51 $145,440 14,544
Dip Nails 240 2880 $40 $116,352 11,635
Products 480 5760 $101 $581,760 58,176
Misc Services 128 1536 $20 $31,027 3,103
Total 1488 17856 265 $988,992 $98,899
 Loan Amortization Schedule
Annual interest Rate 7.75%
Years 10
Payment per year 12
Amount 750,000

Year 1 Year 2
Payment Monthly Principal Interest Balance Payment Monthly Principal Interest
Number installment Number installment
1 (9,001) (4,157) (4,844) 745,843 13 (9,001) (4,491) (4,510)
2 (9,001) (4,184) (4,817) 741,659 14 (9,001) (4,520) (4,481)
3 (9,001) (4,211) (4,790) 737,448 15 (9,001) (4,549) (4,452)
4 (9,001) (4,238) (4,763) 733,210 16 (9,001) (4,578) (4,422)
5 (9,001) (4,265) (4,735) 728,945 17 (9,001) (4,608) (4,393)
6 (9,001) (4,293) (4,708) 724,652 18 (9,001) (4,638) (4,363)
7 (9,001) (4,321) (4,680) 720,331 19 (9,001) (4,668) (4,333)
8 (9,001) (4,349) (4,652) 715,982 20 (9,001) (4,698) (4,303)
9 (9,001) (4,377) (4,624) 711,605 21 (9,001) (4,728) (4,273)
10 (9,001) (4,405) (4,596) 707,200 22 (9,001) (4,759) (4,242)
11 (9,001) (4,433) (4,567) 702,767 23 (9,001) (4,790) (4,211)
12 (9,001) (4,462) (4,539) 698,305 24 (9,001) (4,820) (4,180)
Total (108,010) (51,695) (56,314) 698,305 Total (108,010) (55,847) (52,163)

Year 3 Year 4
Payment Monthly Principal Interest Balance Payment Monthly Principal Interest
Number installment Number installment
25 (9,001) (4,852) (4,149) 637,606 37 (9,001) (5,241) (3,760)
26 (9,001) (4,883) (4,118) 632,723 38 (9,001) (5,275) (3,726)
27 (9,001) (4,914) (4,086) 627,809 39 (9,001) (5,309) (3,692)
28 (9,001) (4,946) (4,055) 622,863 40 (9,001) (5,343) (3,657)
29 (9,001) (4,978) (4,023) 617,884 41 (9,001) (5,378) (3,623)
30 (9,001) (5,010) (3,991) 612,874 42 (9,001) (5,413) (3,588)
31 (9,001) (5,043) (3,958) 607,832 43 (9,001) (5,448) (3,553)
32 (9,001) (5,075) (3,926) 602,756 44 (9,001) (5,483) (3,518)
33 (9,001) (5,108) (3,893) 597,648 45 (9,001) (5,518) (3,483)
34 (9,001) (5,141) (3,860) 592,507 46 (9,001) (5,554) (3,447)
35 (9,001) (5,174) (3,827) 587,333 47 (9,001) (5,590) (3,411)
36 (9,001) (5,208) (3,793) 582,126 48 (9,001) (5,626) (3,375)
Total (108,010) (60,332) (47,677) 582,126 Total (108,010) (65,178) (42,832)
 Year 5 Year 6
Payment Monthly Principal Interest Balance Payment Monthly Principal Interest
Number installment Number installment
49 (9,001) (5,662) (3,339) 511,286 61 (9,001) (6,117) (2,884)
50 (9,001) (5,699) (3,302) 505,587 62 (9,001) (6,156) (2,844)
51 (9,001) (5,736) (3,265) 499,851 63 (9,001) (6,196) (2,805)
52 (9,001) (5,773) (3,228) 494,079 64 (9,001) (6,236) (2,765)
53 (9,001) (5,810) (3,191) 488,269 65 (9,001) (6,276) (2,724)
54 (9,001) (5,847) (3,153) 482,421 66 (9,001) (6,317) (2,684)
55 (9,001) (5,885) (3,116) 476,536 67 (9,001) (6,358) (2,643)
56 (9,001) (5,923) (3,078) 470,613 68 (9,001) (6,399) (2,602)
57 (9,001) (5,961) (3,039) 464,652 69 (9,001) (6,440) (2,561)
58 (9,001) (6,000) (3,001) 458,652 70 (9,001) (6,482) (2,519)
59 (9,001) (6,039) (2,962) 452,613 71 (9,001) (6,524) (2,477)
60 (9,001) (6,078) (2,923) 446,535 72 (9,001) (6,566) (2,435)
Total (108,010) (70,412) (37,597) 446,535 Total (108,010) (76,067) (31,942)

Year 7 Year 8
Payment Monthly Principal Interest Balance Payment Monthly Principal Interest
Number installment Number installment
73 (9,001) (6,608) (2,393) 363,860 85 (9,001) (7,139) (1,862)
74 (9,001) (6,651) (2,350) 357,209 86 (9,001) (7,185) (1,816)
75 (9,001) (6,694) (2,307) 350,515 87 (9,001) (7,231) (1,769)
76 (9,001) (6,737) (2,264) 343,778 88 (9,001) (7,278) (1,723)
77 (9,001) (6,781) (2,220) 336,998 89 (9,001) (7,325) (1,676)
78 (9,001) (6,824) (2,176) 330,173 90 (9,001) (7,372) (1,628)
79 (9,001) (6,868) (2,132) 323,305 91 (9,001) (7,420) (1,581)
80 (9,001) (6,913) (2,088) 316,392 92 (9,001) (7,468) (1,533)
81 (9,001) (6,957) (2,043) 309,435 93 (9,001) (7,516) (1,485)
82 (9,001) (7,002) (1,998) 302,432 94 (9,001) (7,565) (1,436)
83 (9,001) (7,048) (1,953) 295,385 95 (9,001) (7,614) (1,387)
84 (9,001) (7,093) (1,908) 288,292 96 (9,001) (7,663) (1,338)
Total (108,010) (82,177) (25,833) 288,292 Total (108,010) (88,776) (19,233)

Year 9 Year 10
Payment Monthly Principal Interest Balance Payment Monthly Principal Interest
Number installment Number installment
97 (9,001) (7,712) (1,289) 191,803 109 (9,001) (8,332) (669)
98 (9,001) (7,762) (1,239) 184,041 110 (9,001) (8,385) (615)
99 (9,001) (7,812) (1,189) 176,229 111 (9,001) (8,440) (561)
100 (9,001) (7,863) (1,138) 168,366 112 (9,001) (8,494) (507)
101 (9,001) (7,913) (1,087) 160,453 113 (9,001) (8,549) (452)
102 (9,001) (7,965) (1,036) 152,488 114 (9,001) (8,604) (397)
103 (9,001) (8,016) (985) 144,472 115 (9,001) (8,660) (341)
104 (9,001) (8,068) (933) 136,404 116 (9,001) (8,716) (285)
105 (9,001) (8,120) (881) 128,284 117 (9,001) (8,772) (229)
106 (9,001) (8,172) (829) 120,112 118 (9,001) (8,829) (172)
107 (9,001) (8,225) (776) 111,887 119 (9,001) (8,886) (115)
108 (9,001) (8,278) (723) 103,609 120 (9,001) (8,943) (58)
Total (108,010) (95,906) (12,103) 103,609 Total (108,010) (103,609) (4,401)
Amortization Schedule

Year 2
Balance
693,814
689,294
684,745
680,166
675,558
670,920
666,253
661,555
656,827
652,068
647,278
642,458
642,458

Year 4
Balance
576,884
571,609
566,300
560,957
555,579
550,166
544,718
539,235
533,717
528,163
522,574
516,948
516,948
Year 6
Balance
440,419
434,262
428,066
421,830
415,553
409,236
402,878
396,480
390,039
383,558
377,034
370,468
370,468

Year 8
Balance
281,153
273,968
266,736
259,458
252,133
244,760
237,340
229,872
222,356
214,792
207,178
199,515
199,515

Year 10
Balance
95,277
86,892
78,452
69,958
61,409
52,805
44,145
35,429
26,657
17,829
8,943
(0)
(0)