Debt Service-Sewer Improvements FY2022 — File 212415

Debt Service Calculator 1) $4,050,000 2) Enter borrowing conditions: Interest Rate (e.g., 3.5% as 3.5): 3.2500 Term ( enter 5 or more) 30 3) Indicate ("x") payment type. Check both for comparisons. Level Debt Service x Level Principal x Projected annual payment Level Debt Service $213,361 Level Principal (Year One) $266,625 Principal & Interest Interest only Level Debt Service $6,400,829 $2,350,829 Level Principal $6,090,188 $2,040,188 Year Level debt service ($) Level principal ($) Year Level debt service ($) 2023 1 213,361 266,625 2043 21 213,361 2024 2 213,361 262,238 2044 22 213,361 2025 3 213,361 257,850 2045 23 213,361 2026 4 213,361 253,463 2046 24 213,361 2027 5 213,361 249,075 2047 25 213,361 2028 6 213,361 244,688 2048 26 213,361 2029 7 213,361 240,300 2049 27 213,361 2030 8 213,361 235,913 2050 28 213,361 2031 9 213,361 231,525 2051 29 213,361 2032 10 213,361 227,138 2052 30 213,361 2033 11 213,361 222,750 2034 12 213,361 218,363 2035 13 213,361 213,975 2036 14 213,361 209,588 2037 15 213,361 205,200 2038 16 213,361 200,813 2039 17 213,361 196,425 2040 18 213,361 192,038 2041 19 213,361 187,650 2042 20 213,361 183,263 Projected total payments over term. Enter amount to be borrowed. Sewer Improvements -FY2022