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The estimate below is based on a loan amount of $300,000.00 and a rate of 2.99%. Taxes are not included and the monthly payment is principal and interest.
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Balloon Payment Loan Calculator
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© 2005 Vertex42 LLC
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v. 1.3
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Inputs
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Assumptions
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Loan
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$300,000
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* Interest compounds monthly
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RATE
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2.99%
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* Payments made at end of month
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Term
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480
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months
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* Balloon amount paid a month after the
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Balloon
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60
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months
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last regular monthly payment
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Begin Date
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6/1/2010
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Summary
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Monthly
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$1,072.23
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Payment
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Amortization Schedule
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Month
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Date
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Payment
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Interest
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Principal
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Balance
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6/1/2010
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-
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-
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-
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$ 300,000.00
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1
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7/1/2010
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1,072.23
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747.50
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324.73
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299,675.27
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2
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8/1/2010
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1,072.23
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746.69
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325.54
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299,349.73
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3
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9/1/2010
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1,072.23
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745.88
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326.35
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299,023.38
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4
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10/1/2010
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1,072.23
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745.07
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327.16
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298,696.22
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5
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11/1/2010
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1,072.23
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744.25
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327.98
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298,368.24
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6
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12/1/2010
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1,072.23
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743.43
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328.80
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298,039.44
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7
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1/1/2011
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1,072.23
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742.61
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329.62
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297,709.82
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8
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2/1/2011
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1,072.23
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741.79
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330.44
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297,379.38
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9
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3/1/2011
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1,072.23
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740.97
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331.26
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297,048.12
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10
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4/1/2011
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1,072.23
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740.14
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332.09
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296,716.03
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11
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5/1/2011
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1,072.23
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739.32
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332.91
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296,383.12
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12
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6/1/2011
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1,072.23
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738.49
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333.74
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296,049.38
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13
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7/1/2011
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1,072.23
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737.66
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334.57
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295,714.81
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14
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8/1/2011
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1,072.23
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736.82
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335.41
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295,379.40
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15
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9/1/2011
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1,072.23
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735.99
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336.24
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295,043.16
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16
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10/1/2011
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1,072.23
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735.15
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337.08
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294,706.08
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17
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11/1/2011
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1,072.23
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734.31
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337.92
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294,368.16
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18
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12/1/2011
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1,072.23
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733.47
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338.76
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294,029.40
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19
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1/1/2012
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1,072.23
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732.62
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339.61
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293,689.79
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20
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2/1/2012
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1,072.23
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731.78
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340.45
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293,349.34
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21
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3/1/2012
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1,072.23
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730.93
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341.30
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293,008.04
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22
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4/1/2012
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1,072.23
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730.08
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342.15
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292,665.89
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23
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5/1/2012
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1,072.23
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729.23
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343.00
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292,322.89
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24
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6/1/2012
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1,072.23
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728.37
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343.86
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291,979.03
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25
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7/1/2012
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1,072.23
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727.51
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344.72
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291,634.31
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26
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8/1/2012
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1,072.23
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726.66
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345.57
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291,288.74
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27
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9/1/2012
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1,072.23
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725.79
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346.44
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290,942.30
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28
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10/1/2012
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1,072.23
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724.93
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347.30
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290,595.00
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29
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11/1/2012
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1,072.23
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724.07
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348.16
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290,246.84
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30
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12/1/2012
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1,072.23
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723.20
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349.03
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289,897.81
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31
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1/1/2013
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1,072.23
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722.33
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349.90
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289,547.91
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32
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2/1/2013
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1,072.23
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721.46
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350.77
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289,197.14
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33
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3/1/2013
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1,072.23
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720.58
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351.65
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288,845.49
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34
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4/1/2013
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1,072.23
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719.71
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352.52
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288,492.97
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35
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5/1/2013
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1,072.23
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718.83
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353.40
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288,139.57
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36
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6/1/2013
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1,072.23
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717.95
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354.28
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287,785.29
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37
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7/1/2013
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1,072.23
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717.07
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355.16
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287,430.13
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38
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8/1/2013
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1,072.23
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716.18
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356.05
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287,074.08
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39
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9/1/2013
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1,072.23
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715.29
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356.94
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286,717.14
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40
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10/1/2013
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1,072.23
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714.40
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357.83
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286,359.31
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41
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11/1/2013
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1,072.23
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713.51
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358.72
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286,000.59
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42
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12/1/2013
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1,072.23
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712.62
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359.61
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285,640.98
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43
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1/1/2014
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1,072.23
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711.72
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360.51
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285,280.47
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44
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2/1/2014
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1,072.23
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710.82
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361.41
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284,919.06
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45
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3/1/2014
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1,072.23
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709.92
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362.31
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284,556.75
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46
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4/1/2014
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1,072.23
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709.02
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363.21
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284,193.54
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47
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5/1/2014
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1,072.23
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708.12
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364.11
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283,829.43
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48
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6/1/2014
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1,072.23
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707.21
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365.02
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283,464.41
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49
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7/1/2014
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1,072.23
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706.30
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365.93
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283,098.48
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50
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8/1/2014
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1,072.23
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705.39
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366.84
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282,731.64
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51
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9/1/2014
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1,072.23
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704.47
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367.76
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282,363.88
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52
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10/1/2014
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1,072.23
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703.56
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368.67
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281,995.21
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53
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11/1/2014
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1,072.23
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702.64
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369.59
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281,625.62
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54
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12/1/2014
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1,072.23
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701.72
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370.51
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281,255.11
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55
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1/1/2015
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1,072.23
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700.79
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371.44
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280,883.67
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56
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2/1/2015
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1,072.23
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699.87
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372.36
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280,511.31
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57
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3/1/2015
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1,072.23
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698.94
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373.29
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280,138.02
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58
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4/1/2015
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1,072.23
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698.01
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374.22
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279,763.80
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59
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5/1/2015
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1,072.23
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697.08
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375.15
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279,388.65
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60
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6/1/2015
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1,072.23
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696.14
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376.09
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279,012.56
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61
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7/1/2015
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279,707.77
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695.21
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279,012.56
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0.00
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