7. BANK INDEBTEDNESS (in thousands) The Corporation has an operating demand loan of credit available in the amount of $7,500 bearing interest at the bank prime rate, payable monthly. At year end, the Corporation has no draws against the li...
AI summary The Corporation has an operating demand loan of $7,500 available at the bank prime rate, with no draws against the line of credit at year end.
The payment obligations for the term of the loans are outlined in the table below. Total Principal Total I nterest Tota l Payment Amount 2019 $ 4,561 $ 515 $ 5,076 2020 4,669 407 5,076 2021 4,781 296 5,077 2022 4,895 181 5,076 2023 5,007 7...
AI summary The text outlines the payment obligations for loans over the years 2019 to 2023 and the remaining balance, indicating the distribution of principal and interest payments.
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