📄 Extracted Text (338 words)
From: jeffrey E. <[email protected]>
Sent: Saturday, July 1, 2017 4:49 PM
To: Valeria Chomsky
Subject: Re: FW: Promissory note - Chomsky
getting there ok. so far the=loan is not 30 years as in the memo. it is 9. there is n= obligation to repay it on the sale
of the apt. . ! i do=t understand how the kids got the house. in lex. and who=structured that transaction.
On Sat, Jul 1, 2017 at 12:41 PM, Valeria=Chomsky < =>
wrote:
Recently I had requested an analysis from an independent=accounting firm to know the best way to pay the loan as soon
as possible. =hey sent me some possible scenarios.
Below, i= is the answer with attachments. The promissory note is also attached.
=/div>
Based on the terms of the promissory note dated 9/1=14, attached please find an excel schedule with 4 scenarios for
your revie=.
* =C2* Scenario #1 Full payment as of 4/26/17 =93 Unpaid Interest compounded back to the principal
balance.=/span>
* =C2* Scenario #2 Full payment as of 4/26/17 =931nterest only— not compounded.
* =C2* Scenario #3 Payment over 3 years — Unp=id Principal and Interest as of 4.26.17 — monthly payments startin=
May 1, 2017
o 'Monthly principal and interest payments $15,4=3.17
o *Final payment due 4/1/2020
• =C2* Scenario #4 Gifting Element — Utilize =nnual gift of $14,000 per year to reduce principal balance.<=p>
=AO please note
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