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Long Term Debt
9 Months Ended
Nov. 30, 2017
Notes to Financial Statements  
Long Term Debt

NOTE 8: LONG TERM DEBT

 

Long-term debt consists of the following:

 

   November 30,   February 28, 
   2017   2017 
Note payable, bank, collateralized by land and buildings, payable in monthly installments of principal and interest of $16,358 through January 2024.  Interest rate 4.15%.  10 year term.   1,064,571    1,176,348 
           
Total long term debt   1,064,571    1,176,348 
Due within one year   154,475    149,698 
Due after one year  $910,096   $1,026,650