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<br />">>COLLBCT!D ASSESSmmTS FOIUroLA <br /> <br />City of Roseville <br />Public Works Department <br />2660 Civic Center Drive <br />Roseville, Minnesota 55113 <br /> <br />Lump Sum Payment for unpaid principal and accrued interest prior to <br />completion of bond series. NOTE: This formula assumed principal <br />diminishes in equal amount each year on reduced principal amour.c. <br /> <br />S = final sum owed <br /> <br />P ; principal debt <br />i = interest rate <br /> <br />pin Number __14-29-23-12-0014____ <br /> <br />Legal Subj to rd and st Ex E 275 ft <br />the N 208 ft of W 1/3 of NW <br />1/4 of ME 1/4 of See 14, T29 R23 <br /> <br />n = number of yr/bond <br />If = number of yrjelapsed <br /> <br />Project __Watermain 62-1 <br />Address ___?__Victoria Street <br /> <br />S :: p+~- (N - 1)]' X N i <br /> 2 <br /> Principle = $ 356.25 <br /> Interest rate == 5% <br /> Years in bond = 20 <br /> Years elapsed = 20 <br /> Interest total = $ 187.03 <br /> Total Sum Owed = S 543.28 <br /> <br />Calculat&d By ___Douglas Strong <br /> <br />Date <br /> <br />.March <br /> <br />.>, 1990_ <br />