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In summary, the aggregate contract prices of the
properties purchased by EA 84-III, the aggregate rental
deficit contributions attributable to those properties,
and the aggregate amounts borrowed are as follows:
Contract Rental DeficitLoan
Price Contribution Amount
U.S. Home $908,700 $122,873$863,250
Pitman & Japhet3,048,000 632,414 2,590,200
Total 3,956,700 755,287 3,453,450
The 84 offering memorandum states that investors would
break even if the real properties acquired by EA 84-III
appreciated at the annual rate of 9.15 percent over the
4-year period that the partnership planned to hold the
properties.
Financial Statements for EA 84-III
The general partner prepared and circulated to the
limited partners quarterly statements for EA 84-III
entitled "Results of Operations and Tax Income (Loss)".
The record contains the statements for the eight quarters
beginning September 19, 1983, and ending June 30, 1985.
If the entries designated "current period" on the quarterly
statements for a particular year are added, the totals for
each entry for each year or part of a year during the
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