Debt Service-Sewer System Study and II Assessment — File 212416

Debt Service Calculator 1) $1,600,000 2) Enter borrowing conditions: Interest Rate (e.g., 3.5% as 3.5): 3.2500 Term ( enter 5 or more) 20 3) Indicate ("x") payment type. Check both for comparisons. Level Debt Service x Level Principal x Projected annual payment Level Debt Service $110,046 Level Principal (Year One) $132,000 Principal & Interest Interest only Level Debt Service $2,200,924 $600,924 Level Principal $2,146,000 $546,000 Year Level debt service ($) Level principal ($) 2023 1 110,046 132,000 2024 2 110,046 129,400 2025 3 110,046 126,800 2026 4 110,046 124,200 2027 5 110,046 121,600 2028 6 110,046 119,000 2029 7 110,046 116,400 2030 8 110,046 113,800 2031 9 110,046 111,200 2032 10 110,046 108,600 2033 11 110,046 106,000 2034 12 110,046 103,400 2035 13 110,046 100,800 2036 14 110,046 98,200 2037 15 110,046 95,600 2038 16 110,046 93,000 2039 17 110,046 90,400 2040 18 110,046 87,800 2041 19 110,046 85,200 2042 20 110,046 82,600 Projected total payments over term. Enter amount to be borrowed. Sewer System Study and I/I Assessment