Documents Presented By Julio F. Morales January 26, 2006 Parameters for Bond Refinancing Beyond the 3% Rule.

Slide 1 Presented By Julio F. Morales January 26, 2006 Parameters for Bond Refinancing Beyond the 3% Rule Slide 2 Page 1 Basic Bond Formulas: PV  Excel PV Function …

Documents Parameters for Bond Refinancing Beyond the 3% Rule

Basic Bond Formulas: PV Excel PV Function =PV (rate, nperiod,PMT, FV) 30 Year Bonds @ 6.0% $1.0 million Annual Debt Service =PV (.03, 60, $500,000,0) $13,837,781 HP 12-C…