Matters ▸ Attachment
Copy of Water Meter Replacement Debt Service — File 212132
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