---
title: (Un)Calculated Risk | by Peter Orr of Intuitive Analytics | pv savings | Intuitive Analytics
description: pv savings | by Peter Orr of Intuitive Analytics
---

# (Un)Calculated Risk | by Peter Orr of Intuitive Analytics

## [HELP! Can SOMEONE Calculate Refunding PV Savings?](https://www.intuitive-analytics.com/blog/bid/59515/HELP-Can-SOMEONE-Calculate-Refunding-PV-Savings)

 Posted by Peter Orr on May 02, 2013

[![](https://www.intuitive-analytics.com/hs-fs/file-31827376-png/images/refunding_scenario_table.png) ](https://www.intuitive-analytics.com/blog/bid/59515/HELP-Can-SOMEONE-Calculate-Refunding-PV-Savings)

"If people do not believe that mathematics is simple, it is only because they do not realize how complicated life is."                               - [John von Neumann](http://en.wikipedia.org/wiki/John_von_Neumann)

[Read More](https://www.intuitive-analytics.com/blog/bid/59515/HELP-Can-SOMEONE-Calculate-Refunding-PV-Savings)

 Topics: [refunding](https://www.intuitive-analytics.com/blog/topic/refunding), [advance refunding](https://www.intuitive-analytics.com/blog/topic/advance-refunding), [public finance software](https://www.intuitive-analytics.com/blog/topic/public-finance-software), [pv savings](https://www.intuitive-analytics.com/blog/topic/pv-savings), [municipal finance software](https://www.intuitive-analytics.com/blog/topic/municipal-finance-software)

## [The RIGHT refunding discount rates to use? Wrong question...](https://www.intuitive-analytics.com/blog/bid/54944/The-RIGHT-refunding-discount-rates-to-use-Wrong-question)

 Posted by Peter Orr on Aug 14, 2012

[![](https://www.intuitive-analytics.com/hs-fs/file-15746261-jpg/images/quest_mark_small.jpg) ](https://www.intuitive-analytics.com/blog/bid/54944/The-RIGHT-refunding-discount-rates-to-use-Wrong-question)

 I finally know what distinguishes man from the other beasts: financial worries.  
- [Jules Renard](http://en.wikipedia.org/wiki/Jules_Renard)

[Read More](https://www.intuitive-analytics.com/blog/bid/54944/The-RIGHT-refunding-discount-rates-to-use-Wrong-question)

 Topics: [Financial Decisions](https://www.intuitive-analytics.com/blog/topic/financial-decisions), [public finance](https://www.intuitive-analytics.com/blog/topic/public-finance), [refunding](https://www.intuitive-analytics.com/blog/topic/refunding), [advance refunding](https://www.intuitive-analytics.com/blog/topic/advance-refunding), [decision support](https://www.intuitive-analytics.com/blog/topic/decision-support), [pv savings](https://www.intuitive-analytics.com/blog/topic/pv-savings)

## [Refunding Efficiency: Not the Holy Grail of Decision Criteria](https://www.intuitive-analytics.com/blog/bid/20299/Refunding-Efficiency-Not-the-Holy-Grail-of-Decision-Criteria)

 Posted by Peter Orr on Mar 24, 2010

Lots has been [studied](http://www.informaworld.com/smpp/content%7Econtent=a778653133%7Ejumptype=rss) and even [reported](http://www.bondbuyer.com/issues/118_116/-304629-1.html) on the decision criteria involved in pulling the trigger on a public finance refunding. When is the right time? What bonds do I choose? What savings target do I use? The old rule of thumb that present value (pv) savings should be at least 3% of refunded par is taking some criticism which I won't repeat here. Suffice it to say it's a threshold originally conceived by bankers and as such, the bar for a "Go" decision is not very high. I personally think it's age discrimination; this calculation does have a good three decades under the belt...

[Read More](https://www.intuitive-analytics.com/blog/bid/20299/Refunding-Efficiency-Not-the-Holy-Grail-of-Decision-Criteria)

 Topics: [public finance](https://www.intuitive-analytics.com/blog/topic/public-finance), [refunding](https://www.intuitive-analytics.com/blog/topic/refunding), [advance refunding](https://www.intuitive-analytics.com/blog/topic/advance-refunding), [pv savings](https://www.intuitive-analytics.com/blog/topic/pv-savings), [refunding efficiency](https://www.intuitive-analytics.com/blog/topic/refunding-efficiency)

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