Board of Visitors minutes May 27, 1988 | ||
UNIVERSITY OF VIRGINIA
CLINCH VALLEY COLLEGE
CONSTRUCTION - STUDENT HOUSING FOR 44 STUDENTS
MATURITY SCHEDULE FOR $ 515,000 BONDS
15-YEAR SCHEDULE
Interest Rate | 8.50% | ||||
Year | Principal Balance | Interest Payment | Principal Payment | P&I Payment | 110% Coverage |
515,000.00 | |||||
1988-89 | 496,758.46 | 43,775.00 | 18,241.54 | 62,016.54 | 68,218.19 |
1989-90 | 476,966.39 | 42,224.47 | 19,792.07 | 62,016.54 | 68,218.19 |
1990-91 | 455,492.00 | 40,542.14 | 21,474.39 | 62,016.54 | 68,218.19 |
1991-92 | 432,192.28 | 38,716.82 | 23,299.72 | 62,016.54 | 68,218.19 |
1992-93 | 406,912.09 | 36,736.34 | 25,280.19 | 62,016.54 | 68,218.19 |
1993-94 | 379,483.08 | 34,587.53 | 27,429.01 | 62,016.54 | 68,218.19 |
1994-95 | 349,722.60 | 32,256.06 | 29,760.48 | 62,016.54 | 68,218.19 |
1995-96 | 317,432.49 | 29,726.42 | 32,290.12 | 62,016.54 | 68,218.19 |
1996-97 | 282,397.71 | 26,981.76 | 35,034.78 | 62,016.54 | 68,218.19 |
1997-98 | 244,384.98 | 24,003.81 | 38,012.73 | 62,016.54 | 68,218.19 |
1998-99 | 203,141.16 | 20,772.72 | 41,243.81 | 62,016.54 | 68,218.19 |
1999-00 | 158,391.62 | 17,267.00 | 44,749.54 | 62,016.54 | 68,218.19 |
2000-01 | 109,838.37 | 13,463.29 | 48,553.25 | 62,016.54 | 68,218.19 |
2001-02 | 57,158.10 | 9,336.26 | 52,680.28 | 62,016.54 | 68,218.19 |
2002-03 | 0.00 | 4,858.44 | 57,158.10 | 62,016.54 | 68,218.19 |
Board of Visitors minutes May 27, 1988 | ||