@accordproject/cicero-engine/test/data/installment-sale/text/grammar.tem.md

Cicero Engine - Node.js VM based implementation of Accord Protcol Template Specification execution

{{BUYER}} agrees to pay to {{SELLER}} the total sum e{{INITIAL_DUE}}, in the manner following:

E{{DUE_AT_CLOSING}} is to be paid at closing, and the remaining balance of E{{TOTAL_DUE_BEFORE_CLOSING}} shall be paid as follows:

E{{MIN_PAYMENT}} or more per month on the first day of each and every month, and continuing until the entire balance, including both principal and interest, shall be paid in full -- provided, however, that the entire balance due plus accrued interest and any other amounts due here-under shall be paid in full on or before 24 months.

Monthly payments, which shall start on month {{FIRST_MONTH}}, include both principal and interest with interest at the rate of {{INTEREST_RATE}}%, computed monthly on the remaining balance from time to time unpaid.