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- Title
The GAP Gage: It's Your Interest, Too.
- Authors
Dunsmoor, Dinny
- Abstract
The article reports on the financial performance of the American Personnel and Guidance Association's (APGA) Personnel and Guidance Advancement Program (GAP) as of July 1959 in the U.S. GAP has already made its down payment of $50,000 on APGA's new home in Washington D.C. It paid $4,000 in settling fees, purchased nearly $5,000 worth of furniture and fixtures, expended some $63,000 on renovations, and paid some $22,700 for loan reduction and interest. In return, the association's mortgage loan has been reduced to $142,500 and the construction loan to $38,000, with an additional payment of $6,000 due in October. Furthermore, by making loan payments totaling to $19,500, APGA has reduced the annual interest payments from $11,000 to $9,928.50.
- Subjects
UNITED States; AMERICAN Personnel &; Guidance Association; FINANCIAL performance; CORPORATION reports; SETTLEMENT costs; HOUSE buying -- Costs; LOAN costs; ORGANIZATIONAL finance; FINANCIAL management; FINANCIAL planning
- Publication
Personnel & Guidance Journal, 1959, Vol 38, Issue 2, p175
- ISSN
0031-5737
- Publication type
Article
- DOI
10.1002/j.2164-4918.1959.tb02519.x