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Page 12 <br /> <br /> <br /> <br />$1,980,000 <br />City of Lino Lakes, Minnesota <br />Taxable General Obligation Improvement Refunding Bonds, Series 2016B <br />Current Refunding of Series 2005A <br />Debt Service Schedule <br />Date Principal Coupon Interest Total P+I <br />02/01/2017 ---- <br />02/01/2018 480,000.00 1.100%32,474.50 512,474.50 <br />02/01/2019 490,000.00 1.300%22,035.00 512,035.00 <br />02/01/2020 500,000.00 1.450%15,665.00 515,665.00 <br />02/01/2021 510,000.00 1.650%8,415.00 518,415.00 <br />Total $1,980,000.00 -$78,589.50 $2,058,589.50 <br />Yield Statistics <br /> <br />Bond Year Dollars.......................................................................................................................................................................................$5,374.00 <br />Average Life............................................................................................................................................................................................2.714 Years <br />Average Coupon..........................................................................................................................................................................................1.4624023% <br /> <br />Net Interest Cost (NIC).................................................................................................................................................................................1.7203108% <br />True Interest Cost (TIC)................................................................................................................................................................................1.7263874% <br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................1.4605800% <br />All Inclusive Cost (AIC)................................................................................................................................................................................2.2653742% <br /> <br />IRS Form 8038 <br />Net Interest Cost.......................................................................................................................................................................................1.4624023% <br />Weighted Average Maturity...............................................................................................................................................................................2.714 Years <br />2016B Ref 2005A TAX (Curr | SINGLE PURPOSE | 9/12/2016 | 10:43 AM