(NAR) VOL. II NO. 4 / OCTOBER - DECEMBER 1991
Amount to be paid by the IA* = [30% (remaining balance of amortizable amount)] + surcharges
= [30% (account not yet due + back account)] + surcharges
Total chargeable cost = P100 Total equity paid = P10,000 Amount of loan to be amortized = P90,000 Amount paid as of date = P20,000 Remaining balance of amortizable amount = P70,000 Amount of back account as of date = P10,000 Account not yet due = P60,000 Surcharges as of date = P1,000
Amount to be paid by IA = [30% (remaining balance of amortizable amount)] + surcharges
= [0.30 (not yet due + back accounts) + surcharges
= [0.30 (P60,000 + P10,000)] + P1,000
Please be guided accordingly.
Adopted: 28 Oct. 1991
(Sgd.) JOSE B. DEL ROSARIO, JR.
* Irrigators' Association.