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<br />Repayment Schedule <br /> <br />Borrower: TOWN OF NORWOOD <br />Project: FEASIBILITY STUDY CONTRACT <br />Principal: $7,500 Annual Payment: <br />Interest: 2% <br />Term: 10 years <br /> <br />$834.95 <br /> <br />------------------------------------------------------------------- <br />-------------------------------~--~-------------------------------- <br /> <br />Period <br /> <br />Loan <br />Balance <br /> <br />Annual <br />Payment <br /> <br />Amount to <br />Interest <br /> <br />Amount to <br />Principal <br /> <br />------------------------------------------------------------------- <br />------------------------------------------------------------------- <br />1 $7,500.00 $834.95 $150.00 $684.95 <br />2 6,815.05 834.95 136.30 698.65 <br />3 6,116.40 834.95 122.33 712.62 <br />4 5,403.78 834.95 108.08 726.87 <br />5 4,676.91 834.95 93.54 741.41 <br />6 3,935.50 834.95 78.71 756.24 <br />7 3,179.26 834.95 63.59 771.36 <br />8 2,407.90 834.95 48.16 786.79 <br />9 1,621.10 834.95 32.42 802.53 <br />10 818.58 834.95 16.37 818.58 <br /> ---------------.---- -------------------- -------------------- <br /> Totals $8,349.49 $849.49 $7,500.00 <br />