Laserfiche WebLink
<br />Heavener v020107 <br /> <br />EXHIBIT C <br /> <br />AMORTIZATION SCHEDULE <br />(Interest & Amortization Only, Variable <br />TOTAL First COST (1,766 acre-feet) <br />NUMBER OF PAYMENTS <br />INTEREST RATE, PERCENTAGE 11 <br /> <br />O&M Not Included) <br />$ 15,187.56 <br />8 <br />2.5 <br /> <br />ANNUAL <br />PAYMENT <br />NUMBER 21 <br /> <br />8 <br /> <br />AMOUNT OF BALANCE <br />PAYMENT INTEREST ALLOC COST ALLOC COST <br />$ $ $ $ <br /> 15,187.56 <br />2,118.17 379.69 1,738.48 13,449.08 <br />2,118.17 336.23 1,781. 94 11,667.14 <br />2,118.17 291.68 1,826.49 9,840.65 <br />2,118.17 246.02 1,872.15 7,968.50 <br />2,118.17 199.21 1,918.96 6,049.54 <br />2,118.17 151.24 1,966.93 4,082.61 <br />2,118.17 102.07 2,016.10 2,066.51 <br />2,118.17 51. 66 2,066.51 <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br /> <br />Repayment <br />Factor 0.139467346 <br />Interest <br />rate 0.025 <br /> <br />.025*(1.025^8)/(1.025^8)-1 <br /> <br />1/ This interest rate is the rate that was in effect at the time the 1963 Agreement was approved. <br /> <br />2/ The last (8th) payment will be adjusted upward or downward to assure all costs are repaid. <br /> <br />13 <br />