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Outstanding Debt That Must Be Repaid <br />Yearly Schedule of Balances and Payments <br />Beginning Cumulative Cumulative Ending <br />YearPaymentPrincipalInterest <br />BalancePrincipalInterestBalance <br />2016$1,127,803$228,439$223,311$5,128$445,509$11,369$904,491 <br />2017 $904,491$228,439$224,430$4,009$669,939$15,377$680,061 <br />2018 $680,061$228,439$225,555$2,884$895,494$18,261$454,506 <br />2019 $454,506$228,439$226,685$1,754$1,122,179$20,015$227,821 <br />2020 $227,821$228,439$227,821$617$1,350,000$20,632$0 <br />©Golf Convergence, 2014 <br />2013, Golf Convergence, Inc. <br />41 <br />