Board of Visitors minutes May 27, 1988 | ||
UNIVERSITY OF VIRGINIA
CLINCH VALLEY COLLEGE
ACQUISITION - STUDENT HOUSING FOR 36 STUDENTS
MATURITY SCHEDULE FOR $ 360,000 BONDS
15-YEAR SCHEDULE
Interest Rate | 8.50% | ||||
Year | Principal Balance | Interest Payment | Principal Payment | P&I Payment | 110% Coverage |
360,000.00 | |||||
1988-89 | 347,248.63 | 30,600.00 | 12,751.37 | 43,351.37 | 47,686.50 |
1989-90 | 333,413.40 | 29,516.13 | 13,835.23 | 43,351.37 | 47,686.50 |
1990-91 | 318,402.17 | 28,340.14 | 15,011.23 | 43,351.37 | 47,686.50 |
1991-92 | 302,114.99 | 27,064.18 | 16,287.18 | 43,351.37 | 47,686.50 |
1992-93 | 284,443.40 | 25,679.77 | 17,671.59 | 43,351.37 | 47,686.50 |
1993-94 | 265,269.72 | 24,177.69 | 19,173.68 | 43,351.37 | 47,686.50 |
1994-95 | 244,466.29 | 22,547.93 | 20,803.44 | 43,351.37 | 47,686.50 |
1995-96 | 221,894.55 | 20,779.63 | 22,571.73 | 43,351.37 | 47,686.50 |
1996-97 | 197,404.22 | 18,861.04 | 24,490.33 | 43,351.37 | 47,686.50 |
1997-98 | 170,832.22 | 16,779.36 | 26,572.01 | 43,351.37 | 47,686.50 |
1998-99 | 142,001.59 | 14,520.74 | 28,830.63 | 43,351.37 | 47,686.50 |
1999-00 | 110,720.36 | 12,070.14 | 31,281.23 | 43,351.37 | 47,686.50 |
2000-01 | 76,780.22 | 9,411.23 | 33,940.14 | 43,351.37 | 47,686.50 |
2001-02 | 39,955.18 | 6,526.32 | 36,825.05 | 43,351.37 | 47,686.50 |
2002-03 | 0.00 | 3,396.19 | 39,955.18 | 43,351.37 | 47,686.50 |
Board of Visitors minutes May 27, 1988 | ||