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. 10.4
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. 10.4
. (. 10.5).
1
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.10.5
1 Zm , n 0 . 2 Rm n .
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, (n 0 ), (n ). . , , . , i, .
, , . i , 1 Zm ( n ) , 2 Rm . , 2 .
S 1 S 2 n . , 1 i S 1 (n ). , , ( 1 Zm) i. S 1 :
1. Zm n0 , , ( 8, (8.10)). Z = Zm, m = 1, 2, 3,..., n 0 n 0
S = Z ´ (qn 1)/(q 1), (10.1)
q = (1 + i).
(10.1) , n 0, Zm i.
2) S n n 0 i, S 1 1 Zm
(10.2)
q = (1+ i).
S 1 , Zm i. Zm. S 1 , . , .
2 . 2 , n ( ) S 1. R, 2, (10.2) 2
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S 2 = R ´ (qn 1)/(q 1), (10.3)
q = (1 + i) S 2 = S 1,
2 n (. 8, (8.10)), R
R = S 1 ´ (q 1)/(q n 1).
, (10.2) S 1 i, n, R (10.3) . , i, n, R, (10.3) . i, n, R, , . i, n, R . n , . 5 25 . i (10.3) R , ( i). , i , i. n R i. , i, ( , ) . R , , , R . i, n, R, , , (10.3).
. n 0 = 3 , i = 11%, Z = 10 000 000 ., n = 10 . , (10.2) S 1 = 69 387 348,47 . i , i = i = 11%. (10.3) R = 4 149 462,46 .
-:
30 . . , 3- , , 10 , 4 149 462,46 ..
, , , 30 41,5 , .. 38%. .
. 30 000 . 1 2. 1 000 2, 10 100 2. , 10 P = 414 964,5 . P 34 587,37 . .
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. , n, , i ( ), .
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n = 10 , i = 5%, (10.2) S 1 = 44 358 840,82 ., (10.3) P = 3 526 730,79 ., 4 149 462,46 ., .. 15% , , 15% P = 29 389,42 . i 50% 15%. 50% 15%- .
. n = 20 i = 5% S 1 = 72 255 877,47 ., P =2 185 204,67 ., .. (n = 10, i = 5%) 38%, P = 18 210,04 . 47%. 47% 18 210,04 ., . ( 5%), 20 4% S 1 = 69 387 348,47 . ( n = 10, i = 11%) S 1 = 72 255 877,47 . ( n = 20, i = 5%).
, P = 2 185 204,67 . P , im P, P im . P P = 2 185 204,67 . ( ) . P (10.3), im, , m = 12 . P
P = P ´ (q 1)/(qm 1), (10.4)
q = (1 + im).
im , ? , i . 10% . (. 6) i im
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(1 + i) = (1 + im) m, (10.5)
m = 12, i = 0,1, im =0,79%.
(10.4) P = 17 263,11 ., .. i = 10% 5,2%.
, . Z i = 5%, R i = 10% . . . ? .
, Z = 10 000 000 . n 0 = 3 i = 5%. n = 20 , i = 10%. S 1 (. (10.2)) S 1 = 72 255 877,47 ., (. (10.2)) R = 1 261 560,51 . P = 10 513 ., 5% i = 10%, P = 9 987,35 ., 2025 . . .
, 30 23 969 640 ., .. 20% . , . , , , (i, n, R .) . , , . , , , . , , .
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