WRRB/Telegram District City Council Forum 10/18
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This forum is for all district council candidates; all candidates are here
today. Format: 14 total questions, 4 questions across districts (for all
candida...
6 months ago
4 comments:
If the debt service on $4,165,016 is $600,000 per year, their interest rate is around 14%
maybe we should refinance the debt?
The debt service probably includes interest as well pay down of bond itself.
I had used a 30 year mortgage in my calculation.
If they only have 9 years left on the amortization, and their payments include principle and interest, they're only paying 6%.
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