vel no ieee oe a
“ = 20% x lowe x lowe
(1+ 20%)" 1+ ao)!
Vpgr hua
14%
Gee out
G2)*
vy uh
at
pr ah,
Vi's= We.aoocea + £900.20.
Cs a?
ae Vegi tga + Vat pi t ys
Ny > aduclyy aso peodite- anulee, cu rate Ade.
69% gut Quul
oe iia 8 ee
V eturueal palo otioupri
fut end oy cond A°
nate Loe cud webct.
rota de peoJon cadatutt bola chonivr lip. au fi petao “ap ves
livia 40000. (Jouie ber ;
Ceupre TAS 24° ctotu'toul uo ed ep tus eilitty Lak
cletitbtul 8 kipdere ole dome -Ferdqoa .' loos
Youpucutal ua. fogeere. fr onchale'tetole Jo sbi.
ouolooree
cA (4) ee
Za 985 2
a
ggt+2ANG
948 > 28F
iy
Hewat urge Dcune. komror
Sere ert >
Sere a ne _ Meva! perwaneute
“raid toncd satan = Pewure prawns
Sal D Fe. Nevel ane — Resare Haeporor :
oe Nee = Newi Aensgorare Corotuaily ot)
= Resuree Feuporere Cenelugy cveotite, Le $6
Foe motto - ER NFR,Con sberetis—“Gptoutalur frrascedd Cu)
Fi
4 i
a nea actiulor 5 eapiteburator @ dabeuiha
du jot ae bitictitote a eatlogtuttlate :
oe ae eaturtlo’ “eongiderale on valou y ld gutevtah
cllelt de eon suture Gol eg) diudnucdnda we Ub
fadroyposetiola a copthostck pope
AtenBe | fy Pe ald 4 Suchiere eh cr Jrtgpuincen!
(Yax0 Mani ) 1 fetid pehv epee dnole ane,
cu eager olult de cercetou ,
7 : . X 7
ee Hoclucraee eluritar ole copelal prephie gotta VQ
ppeouelr eahe Euclid aah war weld ole Ja pace tied
cle me aw
we corutiy ale actiueclai Dacteeetreh
f
QD raw unmobt Ayad net
een reer
— he centr eee 7 pow
1 drmoh pm < (ae
dowutte vin Colt Pheu
=~ rey. Chk - 0
mage ae » aecrvele oll vane PAUL
’ jotea cnet a a
@) Rett cro faut
ee
ke aurea — ME ai, orale rla—
Qu
— fe eagoreye dmc fine /
Gere? Chub iy ava & LeoCopel func ~*~
— h aeuinuegn AL Ff
» acival yee
ote spel uh ce Wruneg oe
“pagar bea der ts ar! Weed
—- x 5 pu
veubtoule i avans ca Letupl > /ata—
e clack pe tewen souxt > 1Qu-
wack lent ole makixa
ou anlypta Cite: < 1M «
eg nek cite 4a ole
& Posuntele
natueraet faut aepiecetectoon
pauiniauele claw 3 pre fe
yee — veultar’ cla euaus £720
Fumona te inves be Faudl ee
wn wut
petty nob a a
eke. + erg,
Tura de ~nplecttorr
wesheae potty. coroulank | ce fre vatais expecta.
wey bath ofore -erpla tore
i febiy contest fou oop :
fet ole MeDK car me dees 7
aC ini newt adkelrre. sau roble ce
& & that cuuneoe ot Rees. cts, ee oitite
Obs on cotuofp jest ae mutt §— Munk Wor” olnu
aetivel PU fom 4 route “poate vrata anice oe
eeapertiee o newoilor -
Poul bcgale Suc trecile La vatoanen toute
oliar doer auusitry S/ afurtancle Quid cant berets Parva
FRM Cla! (fumetinas) = Reune lsiatae —
Mov af cfeuturte .
Hoypi enetice + Mevar faggots Resurst cltelite T
+ Rear oe Arey
NFRe Nevor coliee, — recut e1ebict.
NER Exelsalat > Revor eablite di exptedtae —
eitlice div ersploilong
Mevot ceclite AE — Peswre cele,
delat aur K Ae
NPRne are opt ) =
Ob) » Yaya. 9 tavole a a
farTdene golii Alit afaha. exploatonti
066 ®