Partial Amortization Table for Conventional 4% Par Value Term Bonds Int. Exp Cash Paid-4% Amortized Discount Unamort. Discount 4% P.V of Bonds 200,000,000 200,000,000 $ $ 8,000,000 $ 8,000,000 $ Date 1/1/20 12/31/20$ 12/31/21 12/31/22 12/31/23 12/30/24 12/30/25 12/30/26 12/31/27 12/30/28 12/30/29 Partial Amortization Table for 0% Zero-Percent Term Bonds (effectively yielding 6% interest) X*.55389 = 200,000,000 $200,000,000/ .55839 = $358,170,000 (rounded) $358,170,000 - $200,000,000 = $ 158,170,000 Int. Exp Cash Paid-0% Amortized Discount 6% Unamort. Discount 158,170,000 $ 146,170,000 P.V of Bonds 200,000,000 212,000,000 $ $ 12,000,000 $ 12,000,000 Date 1/1/20 12/31/20 $ 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 12/30/28 12/30/29