 | United States. Congress. House. Committee on International Relations - 1975 - 794 pages
...value of the future flow of amortization and payments of interest, using a discount rate of 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the face value of the loan. For example, if a $10 million loan is extended at a 4 percent annual rate of... | |
 | 2004 - 676 pages
...service payments are discounted at 10 percent. The grant e1ement of a 1oan is the grant equiva1ent expressed as a percentage of the amount committed. It is used as a measure of the overa11 cost of borrowing. Loans with an original grant e1ement of 25 percent or more are defined as... | |
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... in each category have been weighted by the amounts of the loans. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted... 