Notes amortization

The estimated capital requirements represent an approximate 5% annual inflation of the total price actually paid for the Miami facility. Changes in the amortization period or interest rate can significantly affect annual capital charges. Also note that no direct costs for supervision and overhead are included. 

Figure 7. Amortized costs of phenolics and neutrals fraction from pine sawdust pyrolysis calculated as a function of feedstock cost and plant size. Note that the calculations include costs associated with all feedstock preparation as if this were an independent plant.

Basis for Plant Design. The composition of municipal refuse is assumed as shown in Table III. The municipal refuse has the lower calorific value of ca. 1,500 Kcal/Kg. Plant size of 600 T/D is assumed. The capital investment costs, utilities, etc. were calculated using contacts with equipment vendors. Cost for repairs are assumed to be two percent of the plant construction cost per year. Unit costs of utilities and unit prices of recovered energy and material are assumed, based on the actual prices in 1979. Ash and other residues disposal cost is assumed to be 2,450 Yen/T, taking note of the representative cost data of large cities in Japan, The grant available to a municipality is assumed to pay up to fifty percent of the capital investment. The remaining investment cost must be amortized in fifteen years with the interest rate of six percent. 

Column 4 represents costs based on plant modifications enabling polarization and intercompartmental leakage to be eliminated, and full capacity and desalting to be achieved. The modifications would have involved additional work to the extent of 142,900. This cost has been added to the original costs in calculating amortization. No allowance has been made for credit for redundant equipment, or for the fact that these modifications if originally incorporated would actually have reduced the capital costs. Replacement and service costs are based on conservative values, as shown in the notes to the table. A mean coulomb efficiency of 75% throughout the plant has been allowed for, with membranes discarded... 

Note that spread for life considers only the accretion/amortization of the discount/premium over the floater s remaining term to maturity but does not consider the level of the coupon rate or the time value of money. 

Payments of interest on the Jnnior Notes are subordinate to the payment of interest on the Senior Notes and therefore the holders of the Junior Notes are only entitled to the funds that are available for distribution after having made the payment under the Senior Notes. In this transaction, the Class C-1 Noteholders requested their Notes to be amortizing and so wanted their interest amount to be divided into a fixed interest portion. This will need some tax planning as described in the section Tax Issues below in order to prevent increasing the tax liability of the Issuer. 

Another type of hybrid security is the indexed amortizing note, or IAN. LANs were introduced in the U.S. market in the early 1990s in response to demand by investors in asset-backed notes known as collateralized mort-... 

The note in figure 13.3 pays a coupon equal to the current 2-year government benchmark plus a fixed spread of 1 percent. It has a legal maturity of six years, but it will mature in three years if, two years from the issue date, 6-month LIBOR stands at 6 percent or below. Amortization takes place on subsequent rate-fixing dates according to the specified schedule. If at any time less than 20 percent of the nominal value remains, the note is canceled. 

From their evaluations, they concluded that this threshold was US 10 billion in GNP ( of 1975) on the basis that repayment of principle and interest on investment in a nuclear station should not exceed 1% of GNP or about 100 million per annum. Furthermore, it is noted that this sum is equivalent to the yearly amount of repayment resulting from an investment of about 1 billion (a rough approximation of the cost in 1975 of a nuclear reactor) amortized over 30 years at 10 per cent interest rate. Since an SMPR is expected to cost about 1 billion today their guideline is still relevant. 

The full cost-recovery rate for the AP-190L at Cornell, based on a three-year amortization schedule, is 40/hour. Since the previous benchmarks have shown that the AP can run at from 1.5-2.5 times the speed of the IBM 370/168, this yields a cost-comparison of about 80 1 in the Cornell environment. It is important to note that this ratio uses the prime-time 370 rates, and can be reduced by a factor of about 0.4 for overnight turnaround. The comparison may also be substantially less favorable to the AP for a partially-subsidized host computer. However, this is still a dramatic demonstration of the potential cost advantage of carrying out large-scale scientific calculations on such an attached processor. 

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