| Period | Beginning Carrying Value | Interest (4.5%) | Coupon Payment | Discount Amortization | Ending Carrying Value |
|---|
| 0 (Jan 1, 2023) | $92,500.00 | – | – | – | $92,500.00 |
| 1 (Jun 30, 2023) | $92,500.00 | $4,162.50 | $3,500.00 | $662.50 | $93,162.50 |
| 2 (Dec 31, 2023) | $93,162.50 | $4,192.31 | $3,500.00 | $692.31 | $93,854.81 |
| 3 (Jun 30, 2024) | $93,854.81 | $4,223.47 | $3,500.00 | $723.47 | $94,578.28 |
| 4 (Dec 31, 2024) | $94,578.28 | $4,256.02 | $3,500.00 | $756.02 | $95,334.30 |
| 5 (Jun 30, 2025) | $95,334.30 | $4,289.04 | $3,500.00 | $789.04 | $96,123.34 |
| 6 (Dec 31, 2025) | $96,123.34 | $4,325.55 | $3,500.00 | $825.55 | $96,948.89 |
