🏛 The Somerville Record
Matters ▸ Attachment

Copy of Water Meter Replacement Debt Service — File 212132

File 212132·1 page·📄 Original PDF (city portal)·sha256 7fb03234931c…
Debt Service Calculator 1) $7,000,000 2) Enter borrowing conditions: Interest Rate (e.g., 3.5% as 3.5): 3.5000 Term ( enter 5 or more) 10 3) Indicate ("x") payment type. Check both for comparisons. Level Debt Service Level Principal x Projected annual payment Level Debt Service Level Principal (Year One) $514,410 Principal & Interest Interest only Level Debt Service Level Principal $8,294,119 $1,294,119 Year Level principal ($) 2023 1 514,410 2024 2 922,677 2025 3 899,147 2026 4 875,618 2027 5 852,088 2028 6 828,559 2029 7 805,030 2030 8 781,500 2031 9 757,971 2032 10 734,441 2033 11 322,678 Projected total payments over term. Enter amount to be borrowed. WATER METER REPLACEMENT