1. semi annual payments for 8.
5 years or 17 periods
Nominal rate: 8% Effectvie rate: 10%
Interest Paid Interest Expense Amortization Carrying Amount
May 1, 2012 7,098,112.00
Nov. 1, 2012 320,000.00 354,905.60 34,905.60 7,133,017.60
May 1, 2013 320,000.00 356,650.88 36,650.88 7,169,668.48
Nov. 1, 2013 320,000.00 358,483.42 38,483.42 7,208,151.90
May 1, 2014 320,000.00 360,407.60 40,407.60 7,248,559.50
Nov. 1, 2014 320,000.00 362,427.97 42,427.97 7,290,987.47
May 1, 2015 320,000.00 364,549.37 44,549.37 7,335,536.85
Nov. 1, 2015 320,000.00 366,776.84 46,776.84 7,382,313.69
May 1, 2016 320,000.00 369,115.68 49,115.68 7,431,429.37
Nov. 1, 2016 320,000.00 371,571.47 51,571.47 7,483,000.84
May 1, 2017 320,000.00 374,150.04 54,150.04 7,537,150.89
Nov. 1, 2017 320,000.00 376,857.54 56,857.54 7,594,008.43
May 1, 2018 320,000.00 379,700.42 59,700.42 7,653,708.85
Nov. 1, 2018 320,000.00 382,685.44 62,685.44 7,716,394.29
May 1, 2019 320,000.00 385,819.71 65,819.71 7,782,214.01
Nov. 1, 2019 320,000.00 389,110.70 69,110.70 7,851,324.71
May 1, 2020 320,000.00 392,566.24 72,566.24 7,923,890.94
Nov. 1, 2020 320,000.00 396,109.06 76,109.06 8,000,000.00
2 semi annual payments for 9 years or 18 periods
Nominal rate: 8% Effectvie rate: 10%
Interest Paid Interest Expense Amortization Carrying Amount
May 1, 2012 7,064,672.00
Nov. 1, 2012 320,000.00 353,233.60 33,233.60 7,097,905.60
May 1, 2013 320,000.00 354,895.28 34,895.28 7,132,800.88
Nov. 1, 2013 320,000.00 356,640.04 36,640.04 7,169,440.92
May 1, 2014 320,000.00 358,472.05 38,472.05 7,207,912.97
Nov. 1, 2014 320,000.00 360,395.65 40,395.65 7,248,308.62
May 1, 2015 320,000.00 362,415.43 42,415.43 7,290,724.05
Nov. 1, 2015 320,000.00 364,536.20 44,536.20 7,335,260.25
May 1, 2016 320,000.00 366,763.01 46,763.01 7,382,023.26
Nov. 1, 2016 320,000.00 369,101.16 49,101.16 7,431,124.43
May 1, 2017 320,000.00 371,556.22 51,556.22 7,482,680.65
Nov. 1, 2017 320,000.00 374,134.03 54,134.03 7,536,814.68
May 1, 2018 320,000.00 376,840.73 56,840.73 7,593,655.42
Nov. 1, 2018 320,000.00 379,682.77 59,682.77 7,653,338.19
May 1, 2019 320,000.00 382,666.91 62,666.91 7,716,005.10
Nov. 1, 2019 320,000.00 385,800.25 65,800.25 7,781,805.35
May 1, 2020 320,000.00 389,090.27 69,090.27 7,850,895.62
Nov. 1, 2020 320,000.00 392,544.78 72,544.78 7,923,440.40
May 1, 2021 320,000.00 396,559.60 76,559.60 8,000,000.00
3. semi annual payments for 9 years or 18 periods
Nominal rate: 9% Effectvie rate: 10%
Interest Paid Interest Expense Amortization Carrying Amount
May 1, 2012 7,532,256.00
Nov. 1, 2012 360,000.00 376,612.80 16,612.80 7,548,868.80
May 1, 2013 360,000.00 377,443.44 17,443.44 7,566,312.24
Nov. 1, 2013 360,000.00 378,315.61 18,315.61 7,584,627.85
May 1, 2014 360,000.00 379,231.39 19,231.39 7,603,859.24
Nov. 1, 2014 360,000.00 380,192.96 20,192.96 7,624,052.21
May 1, 2015 360,000.00 381,202.61 21,202.61 7,645,254.82
Nov. 1, 2015 360,000.00 382,262.74 22,262.74 7,667,517.56
May 1, 2016 360,000.00 383,375.88 23,375.88 7,690,893.44
Nov. 1, 2016 360,000.00 384,544.67 24,544.67 7,715,438.11
May 1, 2017 360,000.00 385,771.91 25,771.91 7,741,210.01
Nov. 1, 2017 360,000.00 387,060.50 27,060.50 7,768,270.51
May 1, 2018 360,000.00 388,413.53 28,413.53 7,796,684.04
Nov. 1, 2018 360,000.00 389,834.20 29,834.20 7,826,518.24
May 1, 2019 360,000.00 391,325.91 31,325.91 7,857,844.15
Nov. 1, 2019 360,000.00 392,892.21 32,892.21 7,890,736.36
May 1, 2020 360,000.00 394,536.82 34,536.82 7,925,273.18
Nov. 1, 2020 360,000.00 396,263.66 36,263.66 7,961,536.84
May 1, 2021 360,000.00 398,463.16 38,463.16 8,000,000.00
4. semi annual payments for 8.5 years or 17 periods
Nominal rate: 9% Effectvie rate: 10%
Interest Paid Interest Expense Amortization Carrying Amount
May 1, 2012 7,549,076.00
Nov. 1, 2012 360,000.00 377,453.80 17,453.80 7,566,529.80
May 1, 2013 360,000.00 378,326.49 18,326.49 7,584,856.29
Nov. 1, 2013 360,000.00 379,242.81 19,242.81 7,604,099.10
May 1, 2014 360,000.00 380,204.96 20,204.96 7,624,304.06
Nov. 1, 2014 360,000.00 381,215.20 21,215.20 7,645,519.26
May 1, 2015 360,000.00 382,275.96 22,275.96 7,667,795.23
Nov. 1, 2015 360,000.00 383,389.76 23,389.76 7,691,184.99
May 1, 2016 360,000.00 384,559.25 24,559.25 7,715,744.24
Nov. 1, 2016 360,000.00 385,787.21 25,787.21 7,741,531.45
May 1, 2017 360,000.00 387,076.57 27,076.57 7,768,608.02
Nov. 1, 2017 360,000.00 388,430.40 28,430.40 7,797,038.42
May 1, 2018 360,000.00 389,851.92 29,851.92 7,826,890.34
Nov. 1, 2018 360,000.00 391,344.52 31,344.52 7,858,234.86
May 1, 2019 360,000.00 392,911.74 32,911.74 7,891,146.60
Nov. 1, 2019 360,000.00 394,557.33 34,557.33 7,925,703.93
May 1, 2020 360,000.00 396,285.20 36,285.20 7,961,989.13
Nov. 1, 2020 360,000.00 398,010.87 38,010.87 8,000,000.00
0.4363 0.05
11.2741
8% 17
10%
8000000 0.4363 3,490,400.00
320000 11.2741 3,607,712.00
7,098,112.00
8% 18
10%
0.4155 8000000 3,324,000.00
11.6896 320000 3,740,672.00
7,064,672.00
9% 18
10%
0.4155 8000000 3,324,000.00
11.6896 360000 4,208,256.00
7,532,256.00
9% 17
10%
0.4363 8000000 3,490,400.00
11.2741 360000 4,058,676.00
7,549,076.00
