2. .
3. .
4. .
1*. : , , , , . . .
. , . .
: () .
, . (compounding) , . , .
() , . (discounting), , () . . : , , $1,000 5 .
2*. . , , , .
:
, (1)
P - ,
F - ,
n - , ,
r - () .
|
|
1. 5 . (1) $100, ,
.
,
,
.
, (2)
(1).
2. $200 2 . , 5%.
(4.2)
.
(2) . r .
:
$181.40 $200 - - $200 $181.40 .
(1+r)n (1+r)-n .
3*. , . , .
, ,
;
.
. - .
:
o , , ,
o I ( ), 1+.
(3)
- ,
Fn - .
, .
r - , , :
, (4)
(1+)n .
3. 50%, 40%. 200,000 .
(4.4),
55%,
, , .
:
1. r = T: ,
2. r > T:
|
|
3. r < T: , .
.
10 %. , 1000 . 1,000 (1+0.10) = 1100 . 25 %, : 1,100 (1+0.25) = 1,375 .
1,000 (1+0.10) (1+0.25) = 1,375 .
, r - , - , ()
r + rT .
4*. , , , , .
(1) (2) .
:
.
.
: ( ) $2,000, $1,000, - $1,500, - $1,000.
CFk ( Cash Flow), k - , . PV (Present Value), - FV (Future Value).
(1), 0 n
(5)
4. $1,000 . ( 5 % ) , 5 . ?
.
, 5 $5,526, .
. .
, (6)
(5) CFk = const CF0 = 0.
(2), :
(7)
5. CF1=100, CF2=200, CF3=200, CF4=200, CF5=200, CF6=0, CF7=1,000, ( 6%). :
(CFj = const)
(8)
( ) :
, (9)
, (8) .
5.
1. .