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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 />Year Ending <br />December 31, <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />2021-2025 <br />2026-2030 <br />2031-2035 <br />Governmental Activities <br />Bonded and Capital Equipment Certificate Debt <br />Principal Interest <br />1,735,000 $ 827,140 <br />1,940,000 777,495 <br />1,865,000 724,133 <br />1,935,000 670,508 <br />1,860,000 616,726 <br />9,245,000 2,287,051 <br />7,110,000 1,163,530 <br />2,680,000 256,415 <br />$ 28,370,000 $ 7,322,998 <br />77 <br />