Loan 4,000,000.00 APR 4.90% Payment Periods within the ye Payments (total years of loan) 12 10 Amortization table: Period Interest Principal Balance Fixed Income Life Income tax Rate 850,000 10 0.15 Wages 240,000 Property Value (cost) 4,000,000 Insurance 14,000 Maintenance and utility 20,000 Salvage 1,000,000 Revenue Operating costs Operating income Interest Payments Depreciation Taxable income Tax After Tax income Add depreciation Principal Payments Net Cash Flow Cumulative principal & interest payments: Payments in ye Interest 1 2 3 4 5 6 7 8 9 10 Principal Year 1 2 3 4 5 6 7 8 9 10