- i- ;
- i- ,
- i- ,
. 1000 . , rp = 20% , , , 0.
.
30%, :
.
1000 .
.,
, ,
.
: , ,
. (3.16)
,
(3.17)
IP .
. 40% 1000 ., . 20%. .
(4.17),
:
1. FV , , r.
(3.18)
2. FVp , , 0.
, :
. (3.19)
. 200000 . 2 40%, 30%. ?
31952,66 .
45%.
, 13556 .
, ' , .
3 :
1) r >? (. ) , , ;
2) r = τ 'ົ ; , , ;
3) r < τ 'ົ , , .
, . 2 10%. 15%, 20%. .
|
|
,
, ,
.
, 669,8 .
. , , , , . , .
CFk ( Cash Flow), k - , . ij PV (Present Value), - FV (Future Value).
(4.7):
,
. (3.20)
. ϳ $1000 . ( 5% ) , 5 . ?
.
, 5 $5526, .
. .
, (3.21)
(3.20) CFk = const.
. ( 2). , 2 r = 5% n = 5, 5,526, .
, :
. (3.21')
(4.8), :
,
. (3.22)
. CF1=100, CF2=200, CF3=200, CF4=200, CF5=200, CF6=0, CF7=1,000, ( 6%). г :
3, .
(CFj = const)
. (3.23)
() 4 :
. (3.23')
. ϳ , $15 000, . ϳ $15 000 12%. .
г :
г | 12% | ||
0,893 | $15000 | $13395 | |
0,797 | $15000 | $11955 | |
0,712 | $15000 | $10680 | |
0,636 | $15000 | $9540 | |
0,567 | $15000 | $8505 | |
3,605 | $75000 | $54075 |
|
|
,
,
, : $15000 , $13395; $15000 5 , $8505.
4 . r = 12% n = 5 3,605.
( ) :
, (3.24)
, (3.23) .
. . .
. . $1000, - 3 . 10%.
r = 10 %
, ' .
1. ?
2. $2486,85 3 ? (, r = 10% )?
3. 3- ?
. : - $2486,85 $1000; $1000; $1000, 3- $3310, $2486,85 10% .
$2200, , 3- $3310.
$2200 10% , , . , , .
4. , r , , 12%.
$2486,85 , $1000 3- . :
$2486,85.
$2486,85 , :
;
, :
a) $2486,85 12% $3493,85 3 ;
) $2486,85 , $1000 3- , $3374,40 3- .
, 12% .
. , , . , $1000 , . , . 10 , .
. , : .
|
|
$2401,83 $2486,85. , $85. $3493,85, - $3374,40. г $119,45. , , $119,45 12 $85.