, , , ;
- , , , , , ;
- , , , , .
5. . ( ) , , . , , , , . , .
6.. "" , , , .
() . , .
, . : , S , i
.
7. ( ). . (date of maturity) , , , .. () (.. ). , . , , . , , (bank discount). , (maturity value). d.
, , , Snd; d , . :
P = S - Snd = S (1 -nd).
8. . , :
S = (1 +n1i2+ n2i2 +... +nmim) (4)
ik - k,
nk - .
, .
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9. . , . , j/m. j (nominal rate).
:
S = P (1 + j/m) N,
N ;
j ( ).
N (N = mn), (, . 2). , j = 20% ( = 4) i = 20/4 = 5% = 5 4 = 20; q = 2,653298.
. , , (effective rate). , . , , , m - j/m. i. ( m - ) :
,
, > 1 , = 1 i =j.
j m - i , .. .