HOME EQUITY LINE OF CREDIT (REVOLVING)

HOME EQUITY LINE OF CREDIT (REVOLVING) Important Terms of Our Home Equity Line of Credit Your Billing Rights This disclosure contains important information about our Home Equity Lines of Credit. You should read it carefully and keep a copy for your records. Availability of Terms: All of the terms described below are subject to change. If these terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees you paid to us or anyone else in connection with your application. Security Interest: We will take a mortgage on your home. You could lose your home if you do not meet the obligations in your agreement with us. Possible Actions: We can terminate your line and require you to pay us the entire outstanding balance in one payment if: You engage in fraud or material misrepresentation in connection with the line. You do not meet payment terms. Your action or inaction adversely affects the collateral or our rights in the collateral. We can refuse to make additional extensions of credit or reduce your credit limit if: The value of the dwelling securing the line declines significantly below its appraised value for the purposes of the line. We reasonably believe you will not be able to meet the repayment requirements due to a material change in your financial circumstances. You are in default of a material obligation in the agreement. Government action prevents us from imposing the annual percentage rate provided for or impairs our security interest such that the value of the interest is less than 120 percent of the credit line. A regulatory agency has notified us that continued advances would constitute an unsafe and unsound practice. The maximum annual percentage rate is reached. The initial agreement permits us to make certain changes to the terms of the agreement at specified times or upon the occurrence of specified events. Keep This Notice for Future Use This notice contains important information about your rights and responsibilities under the Fair Credit Billing Act. Notify Us in Case of Errors or Questions About Your Bill If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a separate sheet at the address listed on your bill. Write to us as soon as possible. We must hear from you no later than 60 days after we sent you the first bill on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, please provide the following information: Your name and account number. The dollar amount of the suspected error. Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about. If you have authorized us to pay your credit card bill automatically from your savings or checking account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three business days before the automatic payment is scheduled to occur. Minimum Requirements: The length of the draw period of the one-year loan is one year, the five-year loan is five years and the 10-year loan is 10 years, during which you will be able to obtain credit advances. s will be due monthly on all of the loan terms. Your minimum monthly payment will be equal to the accrued interest outstanding on the loan. The minimum payment WILL NOT fully repay the principal that is outstanding on your line. You would then be required to pay the entire balance plus accrued finance charges in a single balloon payment. Your Rights and Our Responsibilities After We Receive Your Written Notice We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the bill was correct. After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including finance charges, and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any questioned amount. If we didn t make a mistake, you may have to pay finance charges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due. If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within 10 days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your bill. And, we must tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between us when it finally is. If we don t follow these rules, we can t collect the first $50.00 of the questioned amount, even if your bill was correct. Rev. 1/2018

HOME EQUITY LINE OF CREDIT (REVOLVING) Minimum Examples: 1-Year Term: If you made only the minimum payment and took no other credit advances, it would take 1 year to pay off a credit advance of $ at an ANNUAL PERCENTAGE RATE OF 4.50%. You would make 11 monthly payments of $37.50 during the draw period. You would then make a final balloon payment of $10,037.50. 5-Year Term: If you made only the minimum payment and took no other credit advances, it would take 5 years to pay off a credit advance of $ at an ANNUAL PERCENTAGE RATE OF 4.50%. You would make 59 monthly payments of $37.50 during the draw period. You would then make a final balloon payment of $10,037.50. 10-Year Term: If you made only the minimum payment and took no other credit advances, it would take 10 years to pay off a credit advance of $ at an ANNUAL PERCENTAGE RATE OF 4.50%. You would make 119 monthly payments of $37.50 during the draw period. You would then make a final balloon payment of $10,037.50. Fees and Charges: You must carry insurance on the property that secures this plan. To open a home equity line of credit, you may have to pay the following fees to us: Loan origination fee 0.00% to 1.00%. Third-party fees generally total between $50.00 and $1,500.00. All fees are due at account opening. If you ask, we will give you an itemization of the fees you will have to pay in connection with your loan request. Tax Deductibility: You should consult a tax advisor regarding the deductibility of interest and charges for the line. Variable- Feature: This plan has a variable-rate feature and the annual percentage rate (corresponding to the periodic rate) and minimum payment can change as a result. The annual percentage rate includes only interest and no other costs. The annual percentage rate is based on the value of an index. Description of index: The index is the JPMorgan Chase Bank prime lending rate. Source of index: The index is as quoted by JPMorgan Chase Bank principal office in New York City, 212-270-6000 or jpmorganchase.com. If the index is no longer available, we will choose a new index which is based on comparable information. To determine the annual percentage rate that will apply to your line, we add a margin to the value of the index. Ask us for the current index value, margin and annual percentage rate. After you open a credit line, rate information will be provided on periodic statements that we send you. Changes: The annual percentage rate can change monthly. There is no limit on the amount by which the rate can change in any one-year period. The maximum ANNUAL PERCENTAGE RATE that can apply during the plan is 18.00%. Maximum and Examples: If you had an outstanding balance of $ at the beginning of the draw period, the minimum monthly payment at the maximum ANNUAL PERCENTAGE RATE of 18.00% would be $150.00. This annual percentage rate could be reached after the first month of the draw period. Historical Example: The following table shows how the annual percentage rate and the minimum payment for a single $ credit advance would have changed based on changes in the index over the last 15 years. Period or date each year from which index values were taken: October 31 of each year. While only one payment amount per year is shown, payments would have varied slightly during each year. The table assumes that no additional credit advances were taken, that only the minimum payment was made and that the rate remained constant during each year. It does not necessarily indicate how the index of your payments would change in the future. YEAR INDEX (%) MARGIN* (%) ANNUAL PERCENTAGE RATE (%) MINIMUM PAYMENTS ($) REMAINING BALANCE ($) 2003 4.000 5.500 45.83 2004 4.750 6.250 52.08 2005 6.750 8.250 68.75 2006 8.250 9.750 81.25 2007 7.500 9.000 75.00 2008 4.000 5.500 45.83 2009 4.750 39.58 2010 5.000** 41.67 2011 5.000** 41.67 2012 4.750 39.58 2013 1.250 4.500 2014 1.000 4.250 2015 1.000 4.250 2016 3.500 1.000 4.500 2017 4.250.250 4.500 * This is a margin we have used recently ** Floor rate in effect

HOME EQUITY LOAN DISCLOSURE (TERM LOAN) This disclosure describes the features of the adjustable-rate mortgage (ARM) program you are considering. Information on other ARM programs is available upon request. This loan program has an adjustable-rate feature. This means that your interest rate and payment amount can increase. How Your Interest and are Determined Your initial interest rate may reflect a premium or discount. Please ask us for the current interest rate premium or discount. Your interest rate will be periodically adjusted based on the index rate plus a margin. The index rate will be based on the JPMorgan Chase Bank prime lending rate. If this index is no longer available, a comparable index will be substituted. Please ask us for the current index and margin. Your payment will be based on the interest rate, loan balance and remaining loan term. Information about the index can be obtained from JP Morgan Chase Bank s principal office in New York City, New York (212) 270-6000 or jpmorganchase.com/corporate/about-jpmc/ historical-prime-rate.htm How Your Interest Can Change Your interest rate can change annually. Initial rate adjustment: You will be notified in writing at least 210, but no more than 240, days before the first payment at the adjusted level is due after the initial interest rate adjustment of the loan. This notice will contain information about the adjustment and will include the interest rate, payment amount and the loan balance. Subsequent rate adjustment: You will be notified in writing at least 60, but no more than 120, days before the due date of payment at a new level. This notice will contain information about your interest rate, payment amount and loan balance. 1- to 10-Year Term How Your Can Change Your monthly payment can change annually based on changes in the interest rate. For example, on a $10,000, 5-year loan with an initial interest rate of 5.126% in effect on October 31, 2017, the maximum amount that the interest rate can rise under this program is 15.874% to 21%, and the monthly payment can rise from an initial payment of $189.28 to a maximum of $253.89 in the second year. To see what your payments would be, divide your mortgage payment by $10,000; then multiply the monthly payment by that amount. (for example, the monthly payment for a mortgage amount of $60,000 would be $60,000 divided by $10,000 = 6; 6 X $189.28 = $1135.68 per month) 11- to 20-Year Term How Your Can Change Your monthly payment can change annually based on changes in the interest rate. For example, on a $10,000, 15-year loan with an initial interest rate of 5.126% in effect on October 31, 2017, the maximum amount that the interest rate can rise under this program is 15.874% to 21%, and the monthly payment can rise from an initial payment of $79.73 to a maximum of $176.62 in the second year. To see what your payments would be, divide your mortgage payment by $10,000; then multiply the monthly payment by that amount. (for example, the monthly payment for a mortgage amount of $60,000 would be $60,000 divided by $10,000 = 6; 6 X $79.73 = $478.38 per month) This is not a commitment to make a loan. Rev. 10/2017

ADJUSTABLE-RATE MORTGAGE PROGRAM DISCLOSURE - 5/1 ARM PRIME INDEX This disclosure describes the features of an adjustable-rate mortgage (ARM) program offered by Alpine Bank. How Your Interest and Are Determined After the first five years of your loan, as applicable, your variable interest rate will be based on an index plus a margin. Please ask your bank officer for our current interest rates and margins. The index will be the JPMorgan Chase Bank prime lending rate. The index is as quoted by JPMorgan Chase Bank s principal office in New York City 212-270-6000 or www.jpmorganchase.com/corporate/about-jpmc/historical-p rime-rate.htm. If this index is no longer available, a comparable index will be substituted. Your initial interest rate is not based on the index used to make later adjustments. If the initial interest rate is below the sum of the then-current index plus margin ( the fully indexed rate ), then the initial interest rate will be a discounted interest rate. If the current interest rate is above the fully indexed rate, then it will be a premium interest rate. Please ask your bank officer for the amount of our current interest rate discounts and premiums. Your payment for the first five years of the loan, as applicable, will be based on the initial interest rate, the loan amount and the loan term. How Your Interest Can Change Your initial interest rate will be fixed for the first five years, as applicable, with annual adjustments thereafter. The interest rate for this loan will never be less than the initial interest rate. Limits on the annual and lifetime adjustments are reflected in the chart below. Your interest rate will be rounded up to the nearest eighth of one percent (1/8%). How Your Can Change Your initial interest rate will be fixed for the first five years, with annual adjustments thereafter. s may change substantially each time the interest rate changes. Your payment will be based on the interest rate, loan balance and remaining loan term. Initial rate adjustment: You will be notified at least 210, but no more than 240, days before the first payment at the adjusted level is due after the initial interest rate adjustment of the loan. This notice will contain information about the adjustment, including the interest rate, payment amount and loan balance. Subsequent rate adjustment: You will be notified in writing at least 60 calendar days, but not more than 120 calendar days before the due date of a payment at a new level. This notice will contain information about your interest rates, payment amount and loan balance. The examples shown in the chart below illustrate interest rate and payment changes based on a $10,000, 30-year loan using an initial interest rate in effect on Oct. 31, 2017 and assuming the maximum periodic increases in rates and payments. Interest Maximum Interest First-Year Maximum Year of Maximum 5/1 ARM 4.375% 9.375% $49.93 $78.70 6th Note: To see what your maximum payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. For example, the maximum monthly payment for a $60,000 5/1 ARM with an initial interest rate of 4.375% would be $60,000/$10,000 = 6; 6 x $49.93 = $299.58 Length of Fixed- Period Length of Adjustment Periods Initial Adjustment Limit/Cap Lifetime Adjustment Limit/Cap 5/1 ARM 5 Years 1 Year 5.00% 5.00% Miscellaneous Features This adjustable-rate mortgage program does not have a demand feature. This adjustable-rate mortgage program is not assumable. Disclosures for other ARM programs are available upon request.

ADJUSTABLE-RATE MORTGAGE PROGRAM DISCLOSURE - 7/1 ARM PRIME INDEX This disclosure describes the features of an adjustable rate mortgage (ARM) program offered by Alpine Bank. How Your Interest and Are Determined After the first seven years of your loan, as applicable, your variable interest rate will be based on an index plus a margin. Please ask your Bank Officer for our current interest rates and margins. The index will be the JP Morgan Chase Bank prime lending rate. The index is as quoted by JP Morgan Chase Bank s principal office in New York City, New York (212) 270-6000 or www.jpmorganchase.com/corporate/about-jpmc/historical-p rime-rate.htm. If this index is no longer available, a comparable index will be substituted. Your initial interest rate is not based on the index used to make later adjustments. If the initial interest rate below is the sum of the then-current index plus margin ( the fully indexed rate ), then the initial interest rate will be a discounted interest rate. If the current interest rate is above the fully indexed rate, then it will be a premium interest rate. Please ask your Bank Officer for the amount of our current interest rate discounts and premiums. Your payment for the first seven years of the loan, as applicable, will be based on the initial interest rate, the loan amount and the loan term. How Your Interest Can Change Your initial interest rate will be fixed for the first seven years, as applicable, with annual adjustments thereafter. The interest rate for this loan will never be less than the initial interest rate. Limits on the annual and lifetime adjustments are reflected in the chart below. Your interest rate will be rounded up to the nearest eighth of one percent (1/8%). How Your Can Change Your initial interest rate will be fixed for the first seven years, with annual adjustments thereafter. s may change substantially each time the interest rate changes. Your payment will be based on the interest rate, loan balance and remaining loan term. Initial rate adjustment: You will be notified at least 210, but no more than 240, days before the first payment at the adjusted level is due after the initial interest rate adjustment of the loan. This notice will contain information about the adjustment, including the interest rate, payment amount and loan balance. Subsequent rate adjustment: You will be notified in writing at least 60 calendar days, but not more than 120 calendar days before the due date of a payment at a new level. This notice will contain information about your interest rates, payment amount and loan balance. The examples shown in the chart below illustrate interest rate and payment changes based on a $10,000, 30-year loan using an initial interest rate in effect on October 31, 2017 and assuming the maximum periodic increases in rates and payments. Interest Maximum Interest First-Year Maximum Year of Maximum 7/1 ARM 4.75% 9.75% $52.16 $79.62 8th Note: To see what your maximum payment would be, divide your mortgage amount by $; then multiply the monthly payment by that amount. For example, the maximum monthly payment for a $60,000.00 7/1 ARM with an initial interest rate of 4.75% would be $60,000.00/$ = 6; 6 x $52.16 = $312.96 Length of Fixed- Period Length of Adjustment Periods Initial Adjustment Limit/Cap Lifetime Adjustment Limit/Cap 7/1 ARM 7 Years 1 Year 5.00% 5.00% Miscellaneous Features This Adjustable Mortgage program does not have a Demand Feature. This Adjustable Mortgage program is not assumable. Disclosures for Other ARM Programs are available upon request.

ADJUSTABLE-RATE LOAN PROGRAM DISCLOSURE IMPORTANT MORTGAGE LOAN INFORMATION - PLEASE READ CAREFULLY This disclosure describes the features of the adjustable-rate mortgage (ARM) program you are considering. Information on other ARM programs available from Alpine Bank will be provided upon request. This disclosure does not constitute a commitment to make a loan to you. If you eventually obtain a loan, the note, security instrument and related documents will establish your legal rights and obligations regarding the loan. In addition to this disclosure, also provided to you is a brochure entitled Consumer Handbook on Adjustable- Mortgages and a special information booklet entitled Buying Your Home Settlement Costs and Helpful Information. AVAILABLE ARM PROGRAMS One-Year Adjustable Fixed for First Three Years (3/1 ARM) One-Year Adjustable Fixed for First Three Years with 20-Year Amortization (3/1 ARM with Balloon) One-Year Adjustable Fixed for First Five Years (5/1 ARM) One-Year Adjustable Fixed for First Five Years with 20-Year Amortization (5/1 ARM with Balloon) One-Year Adjustable- Mortgage (1/1 ARM with Balloon) Variable- Construction Loan HOW YOUR INTEREST RATE AND PAYMENT ARE DETERMINED: Your initial interest rate may reflect a premium or discount. Please ask us for the current interest rate premium or discount. Your interest rate will be periodically adjusted based on the index rate plus a margin. Please ask us for the current index and margin. The index rate will be the JPMorgan Chase Bank prime lending rate. The index is as quoted by JPMorgan Chase Bank s principal office in New York City 212-270-6000 or www.jpmorganchase.com/corporate/about-jpmc/historical-p rime-rate.htm. If this index is no longer available, a comparable index will be substituted. The effective date of a change in the interest rate is a rate change date. Your payment will be based on the interest rate, loan balance and remaining loan amortization period. In some cases, your payment will not fully amortize the loan, so a single payment of the remaining balance at the end of the loan term is required. Please read the section pertaining to your specific terms carefully. HOW YOUR INTEREST RATE CAN CHANGE: Your interest rate can change (increase or decrease) on your rate change date, based on changes in the index. If you choose an ARM program with an initial fixed-rate period, your interest rate will initially change at the end of the fixed-rate period. HOW YOUR PAYMENT CAN CHANGE: Your payment can change each time your interest rate changes. Initial rate adjustment: You will be notified at least 210, but no more than 240, days before the first payment at the adjusted level is due after the initial interest rate adjustment of the loan. This notice will contain information about the adjustment, including the interest rate, payment amount and loan balance. Subsequent rate adjustment: You will be notified at least 60, but no more than 120, days before the due date of a payment at a new level. This notice will contain information about the index and interest rates, payment amount and loan balance. For variable-rate construction loans greater than 1 year (12 months or more), you will be notified at least 25, but no more than 120, days before the due date of a payment at a new level. This notice will contain information about the index and interest rates, payment amount and loan balance. Your payment may increase or decrease substantially depending on changes in the interest rate. Information Specific to the Various Available ARM Programs Historical Examples - The examples for each of the ARM programs in the Historical Example Chart show the initial interest rate and the payment for $10,000 loan originated Oct. 1, 2017 and progresses to the maximum possible interest rate and payment of the loan. The maximum interest rate is 21%. The periodic payment may increase or decrease substantially depending on changes in the interest rate, with the exception of any fixed-rate periods in specific ARM products containing a fixed-rate period feature. The examples are based on the following assumptions. PAGE 1 OF 3

ALPINE BANK - ADJUSTABLE-RATE LOAN PROGRAM DISCLOSURE The following information applies to each of the historical examples in the Historical Example Chart below: Amount: $10,000 adjustment, principal and interest payment ARM products: Annual, except during applicable fixed-rate periods adjustment, interest-only product: Annual. amount may vary slightly monthly due to variations in the accrual periods Interest rate adjustment: Annual, except during applicable fixed-rate periods Margins: 1/1 ARM 1.00%, 3/1 ARM.875%, 5/1 ARM.875%, Construction Loan 1.375% Index: Program Chase Bank Prime Lending 4.25% as of Oct. 31, 2017 Maximum rate permitted by law: Currently 21% ARM Program Historical Example Chart ARM Programs are listed in bold print One-Year Adjustable Fixed for First Three Years (3/1 ARM) How Your Interest Can Change: Your initial interest rate of 5.227%(this rate is based on the index (4.25%) plus the margin (.875%) plus a premium of.102%) is fixed for the first thirty-six (36) months, after which the interest rate can change every twelve (12) months to the index rate plus the margin. adjustment will occur during the 37th month of the loan term as rate change date. 10/31/2020 5.227% 5-Year $189.74 $221.75 15-Year $80.26 $163.46 Loan Example: To see what your payments (excluding escrow payments) would be, divide your mortgage amount by $10,000; then multiply the loan payment by that amount. (For example, the monthly payment for a 15-year mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $80.26 = $481.56). One-Year Adjustable Fixed for First Three Years with 20-Year Amortization (3/1 ARM with Balloon) How Your Interest Can Change: Your initial interest rate of 5.227% (this rate is based on the index (4.25%) plus the margin (.875%) plus a premium of.102%) is fixed for the first thirty-six (36) months, after which the interest rate can change every twelve (12) months to the index rate plus the margin. adjustment will occur during the 37th month of the loan term as rate change date. Your payment will not fully amortize the loan, so a single payment of the remaining balance at the end of the loan term is required. 10/31/2020 Loan Example: To see what your payments (excluding escrow payments) would be, divide your mortgage amount by $10,000; then multiply the loan payment by that amount. (For example, the monthly payment for a 10-year mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $67.25 = $403.50). One-Year Adjustable Fixed for First Five Years (5/1 ARM) How Your Interest Can Change: Your initial interest rate of 5.476% (this rate is based on the index (4.25%) plus the margin (.875%) plus a premium of.351%) is fixed for the first sixty (60) months, after which the interest rate can change every twelve (12) months to the index rate plus the margin. adjustment will occur during the 61st month of the loan term as rate change date. 10/31/2022 5.227% 5.476% 10-Year $67.25 $163.62 15-Year $81.57 $150.46 PAGE 2 OF 3

ALPINE BANK - ADJUSTABLE-RATE LOAN PROGRAM DISCLOSURE Calculating Your s: To see what your payments (excluding escrow payments) would be, divide your mortgage amount by $10,000; then multiply the loan payment by that amount. (For example, the monthly payment for a 15-year mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $81.57= $489.42). 5-Year 20-Year Amortization 15-Year 20-Year Amortization 30-Year 30-Year Amortization One-Year Adjustable Fixed for First Five Years with 20-Year Amortization (5/1 ARM with Balloon) 10/31/2018 4.79% $66.96 $173.16 $66.69 $173.16 $54.45 $172.89 How Your Interest Can Change: Your initial interest rate of 5.476% (this rate is based on the index (4.25%) plus the margin (.875%) plus a premium of.351%) is fixed for the first sixty (60) months, after which the interest rate can change every twelve (12) months to the index rate plus the margin. adjustment will occur during the 61st month of the loan term as rate change date. Your payment will not fully amortize the loan, so a single payment of the remaining balance at the end of the loan term is required. 10/31/2022 5.476% 10-Year $68.65 $154.06 Calculating Your s: To see what your payments (excluding escrow payments) would be, divide your mortgage amount by $10,000; then multiply the loan payment by that amount. (For example, the monthly payment for a 10-year mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $68.65 = $411.90). One-Year Adjustable- Mortgage (1/1 ARM with Balloon) How Your Interest Can Change: Your interest rate of 5.126% (based on the index (4.25%) plus the margin of 1.00% minus a discount of.124%), is fixed for the first twelve (12) months, after which the interest rate can change every twelve (12) months to the index rate plus the margin in effect on the change date. adjustment will occur during the 13th month of the loan term as rate change date. Your payment will not fully amortize the loan, so a single payment of the remaining balance at the end of the loan term is required. Loan Example: To see what your payments (excluding escrow payments) would be, divide your mortgage amount by $10,000; then multiply the loan payment by that amount. (For example, the monthly payment for a 15-year mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $66.69 = $400.14). Variable- Construction Loan How Your Interest Can Change: Your interest rate will change monthly to the index rate plus the margin in effect on the change date. How Your Can Change: Your payment will adjust every thirty (30) days during the loan term as specified in your promissory note. Your payment will not fully amortize the loan, so a single payment of the remaining balance at the end of the loan term is required. 11/31/2017 5.49% 2-Year Interest-Only $46.88 $175.00 Loan Example: To see what your payments would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a 2-year interest-only mortgage amount of $60,000 would be $60,000/$10,000 = 6; 6 x $46.88 = $281.28). PAGE 3 OF 3