Ann: Proposed issue of securities - CLZ, page-16

Works out to around 42.58% if it is in fact compounded but I would say it is a straight 3% or $750/month on a $25,000 loan

January $25000 x 3% = $750
February $25750 x 3% = $772.50
March $26,522.50 x 3% = $795.68
April $27,318.18 x 3% = $819.55
May $28,37.73 x 3% = $844.13
June $28,981.86 x 3% = $869.46
July $29,851.32 x 3% = $895.54
August $30,746.86 x 3% = $922.41
September $31,669.27 x 3% = $950.08
October $32,619.35 x 3% = $978.58
November $33,597.93 x 3% = $1007.94
December $34,605.87 x 3% = $1038.18
= $35,644.05 Total or $10.644.05 in interest compounded