|
| |
| Current Plan |
| |
|
Current Plan |
Principal Cash |
|
Effective Interest |
Interest |
WA |
|
|
|
Flows |
Prinbal |
Rate |
Expense |
Rate |
|
|
Year 1 |
$ 2,000,000 |
$ 2,000,000 |
0.0375 |
$ 75,000 |
0.0036 |
|
|
Year 2 |
765,000 |
3,000,000 |
0.0400 |
120,000 |
0.0057 |
|
|
Year 3 |
(235,000) |
2,765,000 |
0.0425 |
117,513 |
0.0056 |
|
|
Year 4 |
(235,000) |
2,530,000 |
0.0435 |
110,055 |
0.0053 |
|
|
Year 5 |
(245,000) |
2,285,000 |
0.0445 |
101,683 |
0.0049 |
|
|
Year 6 |
(255,000) |
2,030,000 |
0.0455 |
92,365 |
0.0044 |
|
|
Year 7 |
(265,000) |
1,765,000 |
0.0465 |
82,073 |
0.0039 |
|
|
Year 8 |
(270,000) |
1,495,000 |
0.0475 |
71,013 |
0.0034 |
|
|
Year 9 |
(280,000) |
1,215,000 |
0.0485 |
58,928 |
0.0028 |
|
|
Year 10 |
(290,000) |
925,000 |
0.0495 |
45,788 |
0.0022 |
|
|
Year 11 |
(300,000) |
625,000 |
0.0505 |
31,563 |
0.0015 |
|
|
Year 12 |
(309,000) |
316,000 |
0.0515 |
16,274 |
0.0008 |
|
|
Year 13 |
(316,000) |
|
|
|
|
|
|
Year 14 |
|
|
|
|
|
|
|
Year 15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Totals |
|
$ 20,951,000 |
|
$ 922,252 |
|
|
|
|
|
|
|
|
|
|
|
Average |
|
$ 1,745,917 |
|
|
0.0440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Presentation |
922,252 |
$ 922,252 |
[b] |
|
|
|
|
diff rounding |
-1 |
|
|
|
Difference |
|
|
|
|
|
|
|
Average Principal difference outstanding |
$ 71,083 |
|
$ 42,269 |
|
|
|
Average Interest rate difference / basis points |
(0.0044) |
|
$ (95,435) |
|
|
|
Term difference |
|
3 Years |
|
$ 216,091 |
|
|
|
Decimal & averages rounding for Presentation (Refer to next page for detail calculation) |
$ (4,688) |
|
|
|
|
|
|
|
$ 158,237 |
$ 158,237 |
[a-b] |
|
|
|
