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NOTE 5 — LONG-TERM DEBT (CONTINUED) <br />D. Minimum Debt Payments <br />Minimum annual principal and interest payments required to retire bonds and capital equipment certificates <br />are as follows: <br />December 31, <br />2020 <br />2021 <br />2022 <br />2023 <br />2024 <br />2025-2029 <br />2030-2034 <br />2035 <br />P rincip al Int eres t <br />2,230,000 <br />2,300,000 <br />2,385,000 <br />2,1 55,000 <br />2,160,000 <br />8,470,000 <br />3,930,000 <br />260,000 <br />$ <br />686,486 <br />624,143 <br />558,080 <br />500,518 <br />444,241 <br />1,409,765 <br />306,063 <br />9,100 <br />23,890,000 $ 4,538,396 <br />77 <br />