| reserve calculations | <– Date –> <– Thread –> |
From: Judy Baxter (BAXTER epivax.epi.umn.edu)
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| Date: Mon, 17 Nov 1997 16:21:38 -0600 | |
Re:reserves Jack Sherwood (nov 15) used <<To estimate MONTHLY RESERVE REQUIREMENTS-- At 3% annual inflation, $100 becomes: * $134.39 in 10 years .. . . Then, at 5% annual interest earned on earlier payments, what is required . . .> We were told to estimate replacement cost and lifetime, and to assume that inflation would be covered by income. (I don't know how much difference that makes). Maybe that was a FNMA requirement - I don't remember. Judy Baxter, Monterey Cohousing Community,(MoCoCo) Twin Cities Area, Mpls.,MN -- e-mail: baxter [at] epivax.epi.umn.edu 15 homes - 7 new townhomes and 8 coop apartments in a rehab Georgian building built as a retirement home in 1924 - Voice Mail for Monterey Cohousing - 612-930-7554
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