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City of Elk River/Elk River EDA
<br />$2,000,000 General Obligation Bonds, Series 2008
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I Fiscal Total
<br />02/01 /2008 - - - - -
<br />08/01/2008 - - 37,220.00 37,220.00 -
<br />02/O1/2009 225,000.00 3.400% 37,220.00 262,220.00 299,440.00
<br />08/01/2009 - - 33,395.00 33,395.00 -
<br />02/01/2010 265,000.00 3.500% 33,395.00 298,395.00 331,790.00
<br />08/01/2010 - - 28,757.50 28,757.50 -
<br />02/O1/2011 275,000.00 3.600% 28,757.50 303,757.50 332,515.00
<br />08/01/2011 - - 23,807.50 23,807.50 -
<br />02/01/2012 290,000.00 3.700% 23,807.50 313,807.50 337,615.00
<br />08/01/2012 - - 18,442.50 18,442.50 -
<br />02/01/2013 300,000.00 3.800% 18,442.50 318,442.50 336,885.00
<br />08/01/2013 - - 12,742.50 12,742.50 -
<br />02/01/2014 315,000.00 3.900% 12,742.50 327,742.50 340,485.00
<br />08/01/2014 - - 6,600.00 6,600.00 -
<br />02/01/2015 330,000.00 4.000% 6,600.00 336,600.00 343,200.00
<br />Total $2,000,000.00 - $321,930.00 $2,321,930.00 -
<br />Yield Statistics
<br />Bond Year Dollars $8,440.00
<br />Average Life 4.220 Years
<br />Average Coupon 3.8143365%
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<br />Net Interest Cost (NIC) 4.0513033%
<br />True Interest Cost (TIC) 4.0736290%
<br />Bond Yield for Arbitrage Purposes 4.1196747%
<br />All Inclusive Cost (AIC) 4.3418978%
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<br />IRS Form 8038
<br />Net Interest Cost 3.8143365%
<br />Weighted Average Maturity 4.220 Years
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<br />Ser 07 $10M GO Bds with $ 12M 112/ 2/2007 ~ 9:28 PM
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