Landshare Project: Land Contract: Payments

Below is the full account of the monthly payments made by Jessica, accord­ing to the contract, for the plot of land that she bought. All except two bank receipts are available. All payments are verified by bank statement.

SAGARANA – FAZENDINHAS INTELIGENTES

Recebemos de [Jessica] a importância de R$200,00 (duzentos reais) referente à primeira das 32 parcelas mensais do pagamento dos lotes números 07 e 08 do Condomínio Ipê Amarelo (Reserva de Imóvel Rural No 034) do Complexo Eco­turístico Canela de Ema.

INTERURAL – EMPREENDIMENTOS TURÍSTICOS E PARTICIPAÇÕES LTDA

Initial payment14/11/2001R$ 1,600.00
Interural…Ltda25/01/2002200.00
Interural…Ltda25/02/2002202.00
Interural…Ltda†25/03/2002 204.02
Interural…Ltda25/04/2002206.06
Interural…Ltda24/05/2002208.12
Interural…Ltda25/06/2002210.20
UNIBANCO25/07/2002212.30
UNIBANCO†25/08/2002 214.43
UNIBANCO25/09/2002216.57
UNIBANCO25/10/2002218.73
UNIBANCO25/11/2002220.92
UNIBANCO25/12/2002223.13
UNIBANCO25/01/2003225.36
UNIBANCO25/02/2003227.61
UNIBANCO25/03/2003229.89
UNIBANCO25/04/2003232.19
UNIBANCO25/05/2003234.51
UNIBANCO25/06/2003236.86
UNIBANCO25/07/2003239.22
UNIBANCO25/08/2003241.62
UNIBANCO25/09/2003244.03
UNIBANCO25/10/2003246.47
UNIBANCO25/11/2003248.94
UNIBANCO25/12/2003251.43
Banco do Brasil26/01/2004253.95
Banco do Brasil25/02/2004256.49
Banco do Brasil24/03/2004259.05
Banco do Brasil26/04/2004261.64
Banco do Brasil24/05/2004264.26
Banco do Brasil23/06/2004266.90
Banco do Brasil26/07/2004269.57
Banco do Brasil24/08/2004272.27
TOTAL PAIDR$ 9,098.74

† receipt missing

Two payment receipts are missing: I have therefore calculated the amounts based on a growth of 1% per month.

The monthly payments grow at 1% a month as a supposed protection against in­flation of the Real during the payment period. The final amount R$9098.74 compen­sates for a total inflation of 13.73425% over the 32 month payment period. R$ 8791.94304 the actual inflated figure over the 32 months. Jessica has overpaid by R$ 306.79696


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