SAMPLE COMPUTATION:       

TOTAL CONTRACT PRICE                     P1,920,000.00

LESS: 10% DISCOUNT                             192,000.00

DISCOUNTED PRICE                            P1,728,000.00

SPOT CASH PAYMENT

LESS: 10% DISCOUNT ON TCP                172,800.00

FINAL CONTRACT PRICE                     P1,555,200.00

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20% SPOT DOWN PAYMENT                345,600.00

LESS:10% DISCOUNT ON DP                34,560.00

FINAL CONTRACT PRICE                    1,693,440.00

NET CASH PAYMENT                             311,040.00

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BALANCE AMOUNT                          1,382,400.00

MONTHLY AMORTIZATION:

(PAYABLE ONE MONTH AFTER PAYMENT OF SPOT DP)

1 YEAR TO PAY @ 0% INT.           115,200.00