$900,000, 20 semi-annual 10% ($72,218.

33)

Semiannual Cash Interest Principal Ending

Period Payment Expense Reduction Balance
$ 900,000.00
1 $ 72,218.33 $ 45,000.00 $ 27,218.33 $ 872,781.67
2 $ 72,218.33 $ 43,639.08 $ 28,579.25 $ 844,202.42
3 $ 72,218.33 $ 42,210.12 $ 30,008.21 $ 814,194.21
4 $ 72,218.33 $ 40,709.71 $ 31,508.62 $ 782,685.60
5 $ 72,218.33 $ 39,134.28 $ 33,084.05 $ 749,601.55
6 $ 72,218.33 $ 37,480.08 $ 34,738.25 $ 714,863.29
7 $ 72,218.33 $ 35,743.16 $ 36,475.17 $ 678,388.13
8 $ 72,218.33 $ 33,919.41 $ 38,298.92 $ 640,089.20
9 $ 72,218.33 $ 32,004.46 $ 40,213.87 $ 599,875.33
5 years $ 72,218.33 $ 29,993.77 $ 42,224.56 $ 557,650.77
Totals $ 722,183.30 $ 379,834.07 $ 342,349.23

$900,000, 15 semiannual 10% ($58,546.29)

Semiannual Cash Interest Principal Ending

Period Payment Expense Reduction Balance
0 900000
1 $ 58,546.29 $ 45,000.00 $ 13,546.29 $ 886,453.71
2 $ 58,546.29 $ 44,322.69 $ 14,223.60 $ 872,230.11
3 $ 58,546.29 $ 43,611.51 $ 14,934.78 $ 857,295.32
4 $ 58,546.29 $ 42,864.77 $ 15,681.52 $ 841,613.80
5 $ 58,546.29 $ 42,080.69 $ 16,465.60 $ 825,148.20
6 $ 58,546.29 $ 41,257.41 $ 17,288.88 $ 807,859.32
7 $ 58,546.29 $ 40,392.97 $ 18,153.32 $ 789,705.99
8 $ 58,546.29 $ 39,485.30 $ 19,060.99 $ 770,645.00
9 $ 58,546.29 $ 38,532.25 $ 20,014.04 $ 750,630.96
5 years $ 58,546.29 $ 37,531.55 $ 21,014.74 $ 729,616.22
Totals $ 585,462.90 $ 415,079.12 $ 170,383.78

Bond Amotization Table - Effective interest method

Balance in
Semi- Semi - Semi -
Carrying Amortization Bond Carrying
Annual Annual Annual
Value at of Bond Discount Value at End
Interest Interest Interest
Beginning Discount Account at of Period
Period Expense Payment
End
0 $ 91,600 $ 708,400
1 $ 708,400 $ 42,504 $ 40,000 $ 2,504 $ 89,096 $ 710,904
2 $ 710,904 $ 42,654 $ 40,000 $ 2,654 $ 86,442 $ 713,558
3 $ 713,558 $ 42,813 $ 40,000 $ 2,813 $ 83,628 $ 716,372
4 $ 716,372 $ 42,982 $ 40,000 $ 2,982 $ 80,646 $ 719,354
5 $ 719,354 $ 43,161 $ 40,000 $ 3,161 $ 77,485 $ 722,515
6 $ 722,515 $ 43,351 $ 40,000 $ 3,351 $ 74,134 $ 725,866
7 $ 725,866 $ 43,552 $ 40,000 $ 3,552 $ 70,582 $ 729,418
8 $ 729,418 $ 43,765 $ 40,000 $ 3,765 $ 66,817 $ 733,183
9 $ 733,183 $ 43,991 $ 40,000 $ 3,991 $ 62,826 $ 737,174
 10 $ 737,174 $ 44,230 $ 40,000 $ 4,230 $ 58,595 $ 741,405
11 $ 741,405 $ 44,484 $ 40,000 $ 4,484 $ 54,111 $ 745,889
12 $ 745,889 $ 44,753 $ 40,000 $ 4,753 $ 49,358 $ 750,642
13 $ 750,642 $ 45,039 $ 40,000 $ 5,039 $ 44,319 $ 755,681
14 $ 755,681 $ 45,341 $ 40,000 $ 5,341 $ 38,978 $ 761,022
15 $ 761,022 $ 45,661 $ 40,000 $ 5,661 $ 33,317 $ 766,683
16 $ 766,683 $ 46,001 $ 40,000 $ 6,001 $ 27,316 $ 772,684
17 $ 772,684 $ 46,361 $ 40,000 $ 6,361 $ 20,955 $ 779,045
18 $ 779,045 $ 46,743 $ 40,000 $ 6,743 $ 14,212 $ 785,788
19 $ 785,788 $ 47,147 $ 40,000 $ 7,147 $ 7,065 $ 792,935
20 $ 792,935 $ 47,065 $ 40,000 $ 7,065 $ (0) $ 800,000

Bond Amotization Table - Straight Line method

Balance in
Semi- Semi - Semi -
Carrying Amortization Bond Carrying
Annual Annual Annual
Value at of Bond Discount Value at End
Interest Interest Interest
Beginning Discount Account at of Period
Period Expense Payment
End
0 $ 91,600 $ 708,400
1 $ 708,400 $ 44,580 40000 $ 4,580 $ 87,020 $ 712,980
2 $ 712,980 $ 44,581 40001 $ 4,580 $ 82,440 $ 717,560
3 $ 717,560 $ 44,582 40002 $ 4,580 $ 77,860 $ 722,140
4 $ 722,140 $ 44,583 40003 $ 4,580 $ 73,280 $ 726,720
5 $ 726,720 $ 44,584 40004 $ 4,580 $ 68,700 $ 731,300
6 $ 731,300 $ 44,585 40005 $ 4,580 $ 64,120 $ 735,880
7 $ 735,880 $ 44,586 40006 $ 4,580 $ 59,540 $ 740,460
8 $ 740,460 $ 44,587 40007 $ 4,580 $ 54,960 $ 745,040
9 $ 745,040 $ 44,588 40008 $ 4,580 $ 50,380 $ 749,620
10 $ 749,620 $ 44,589 40009 $ 4,580 $ 45,800 $ 754,200
11 $ 754,200 $ 44,590 40010 $ 4,580 $ 41,220 $ 758,780
12 $ 758,780 $ 44,591 40011 $ 4,580 $ 36,640 $ 763,360
13 $ 763,360 $ 44,592 40012 $ 4,580 $ 32,060 $ 767,940
14 $ 767,940 $ 44,593 40013 $ 4,580 $ 27,480 $ 772,520
15 $ 772,520 $ 44,594 40014 $ 4,580 $ 22,900 $ 777,100
16 $ 777,100 $ 44,595 40015 $ 4,580 $ 18,320 $ 781,680
17 $ 781,680 $ 44,596 40016 $ 4,580 $ 13,740 $ 786,260
18 $ 786,260 $ 44,597 40017 $ 4,580 $ 9,160 $ 790,840
19 $ 790,840 $ 44,598 40018 $ 4,580 $ 4,580 $ 795,420
20 $ 795,420 $ 44,599 40019 $ 4,580 $ - $ 800,000