Catelyn Merrill

Rhodes
Environmental, Inc.

Actual

2002
2003
2004
2005
2006
2007

Loan
Amortization Tables

Equipment
Loans

Pmt

50,000
50,000
50,000
50,000
31,954
0

Prin.

29,600
33,152
37,131
41,586
28,531
0

Int @ 9.75%

20,400
16,848
12,869
8,414
3,423
0

Bal B.F.
170,000
140,400
107,248
70,117
28,531
0
0

Bank Loan

Pmt

141,856
134,553
127,240
119,928
112,615
105,303

Prin.

75,000
75,000
75,000
75,000
75,000
75,000

Int @ 9.75%

66,856
59,553
52,240
44,928
37,615
30,303

Bal B.F.
685,800
610,800
535,800
460,800
385,800
310,800
235,800

Total
Interest

87,265
76,401
65,109
53,342
41,038
30,303

Capital
Budget

New Equipment- Maintenance

25,000
25,000
25,000
25,000
25,000

New Equipment- Construction

35,000
35,000
35,000
35,000
35,000

New Equipment- Office

5,000
5,000
5,000
5,000
5,000

Depreciation
Schedule

Yr. 02

115,152
115,152
115,152
115,152
115,152
115,152

Yr. 03

10,238
10,238
10,238
8,571
8,571

Yr. 04

10,238
10,238
10,238
8,571

Yr. 05

10,238
10,238
10,238

Yr. 06

10,238
10,238

Yr. 07

10,238

Total

115,152
125,390
135,628
145,866
154,437
163,008