,
.
ϳ 쳺 ( , . .), , .
, , .
, . , , , .
. , , , . , , . .
() .
(FVn),
n , :
FVn = PV ( 1 + r)n, (1.1)
PV , , ..;
r , , , ;
n , (, , , );
( 1 + r)n () r n.
, PV r (n),
.
- ( 1 + r)n r n, - () (FVIF- Future Value Interest Factor) ( 1).
FVn :
FVn = PV * FVIF (1.2)
(360 ).
, , :
FVn = PV ( 1 + r/m) n (1.3)
r , ;
, ;
n , .
, , , . , FV n- . r/m
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, n * m .
(1.1), 1000 . 3 13 %:
FV = 1000 * (1 + 0,13) ³ = 1443 .
- . .
:
PV = FVn / ( 1 + r)n, PV = FVn * 1/ ( 1 + r)n, (1.4)
(1.1). (1+ r) , .
() . , (PV) 1.4, , FVn , (PVIF Present Value Interest Factor). PVIF ( 2). PV .
, 1000 . 5 12 %.
PV = 1000 * 1 / (1+0,12)5 = 1000 / 1,762= 567,5 .
, 1000 . 12 % 5 ≈ 567,5.
1000 . 5 , :
1000 . * 0,5675 = 567,5 .
. ( ) , PV :
PVn = FVn ___ 1 _____,
( 1 + r/m) n (1.5)
r , ;
, ;
n , .
(1.3, 1.4), (1+ r)ⁿ (1+ r)‾ⁿ. ֳ ( ) ( ).
, , , .
( ) , .
, . , , , , , , .
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, .
. ³ .
.
, 6000 . . - 7 %.
.
:
FVa = a (1 + r) ⁿ ˉ ¹, (1.6)
FVa ;
- ;
r - ;
n .
.
FVa = 6000 * (1 + 0,07)² + 6000 * (1 + 0,07)¹ + 6000 * (1 + 0,07)º =
= 6000 * 1,145 + 6000 * 1,070 + 6000 * 1 =
= 6870 + 6420 + 6000 = 19290 .
:
FVa = a * (1+ r) ⁿ - 1, (1.7)
r
FVa = 6000 * (1 + 0,07) ³ - 1 = 6000 * 3,215 = 19290 .
0,07
(FVIFA) :
FVa = * (FVIFA r,n), (1.8)
FVa - ;
a - ;
FVIFA r,n - .
³ , ( 1.6) :
1,145 + 1,070 + 1,0 = 3,215
6000 ., :
FVa = 6000 * 3,215 = 19290 .
. 1.3 (
),
1.8.
1.3
(FVIFA r,n)
ʳ | ³ | ||||||||||||||||
1 % | 2 % | 3 % | 4 % | 5 % | 6 % | 7 % | 8 % | 9 % | 10 % | 11 % | 12 % | 13 % | 14 % | 15 % | 16 % | 17 % | |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
2,010 | 2,020 | 2,030 | 2,040 | 2,050 | 2,060 | 2,070 | 2,080 | 2,090 | 2,100 | 2,110 | 2,120 | 2,130 | 2,140 | 2,150 | 2,160 | 2,170 | |
3,030 | 3,060 | 3,091 | 3,122 | 3,152 | 3,184 | 3,215 | 3,246 | 3,276 | 3,310 | 3,342 | 3,374 | 3,407 | 3,440 | 3,472 | 3,506 | 3,539 | |
4,060 | 4,122 | 4,184 | 4,246 | 4,310 | 4,375 | 4,400 | 4,506 | 4,573 | 4,611 | 4,710 | 4,779 | 4,850 | 4,921 | 4,993 | 5,066 | 5,141 | |
5,101 | 5,204 | 5,309 | 5,416 | 5,526 | 5,637 | 5,751 | 5,867 | 5,985 | 6,105 | 6,228 | 6,353 | 6,480 | 6,610 | 6,742 | 6,887 | 7,014 | |
6,152 | 6,308 | 6,468 | 6,633 | 6,802 | 6,973 | 7,153 | 7,336 | 7,523 | 7,716 | 7,913 | 8,115 | 8,323 | 8,535 | 8,754 | 8,977 | 9,207 | |
7,214 | 7,434 | 7,662 | 7,898 | 8,142 | 8,394 | 8,654 | 8,923 | 9,200 | 9,487 | 9,783 | 10,089 | 10,405 | 10,730 | 11,067 | 11,414 | 11,772 | |
8,286 | 8,583 | 8,892 | 9,214 | 9,549 | 9,897 | 10,26 | 10,64 | 11,02 | 11,47 | 11,859 | 12,300 | 12,757 | 13,233 | 13,727 | 14,240 | 14,773 | |
9,368 | 9,755 | 10,16 | 10,58 | 11,03 | 11,49 | 11,98 | 12,48 | 13,02 | 13,58 | 14,164 | 14,776 | 15,416 | 16,085 | 16,786 | 17,518 | 18,285 | |
10,46 | 10,95 | 11,46 | 12,01 | 12,58 | 13,18 | 13,82 | 14,49 | 15,19 | 15,94 | 16,722 | 17,549 | 18,420 | 19,337 | 20,304 | 21,321 | 22,393 | |
11,57 | 12,17 | 12,81 | 13,49 | 14,21 | 14,97 | 15,78 | 16,64 | 17,56 | 18,53 | 19,561 | 20,655 | 21,814 | 23,044 | 24,349 | 25,733 | 27,200 | |
12,68 | 13,41 | 14,19 | 15,03 | 15,92 | 16,87 | 17,89 | 18,98 | 20,14 | 21,38 | 22,713 | 24,133 | 25,650 | 27,271 | 29,001 | 30,850 | 32,824 | |
13,81 | 14,68 | 15,62 | 16,63 | 17,73 | 18,88 | 20,14 | 21,12 | 22,95 | 24,52 | 26,211 | 28,029 | 29,984 | 32,088 | 34,352 | 36,786 | 39,404 | |
14,95 | 15,97 | 17,09 | 18,29 | 19,51 | 21,01 | 22,55 | 24,21 | 26,02 | 27,97 | 30,095 | 32,392 | 34,882 | 37,581 | 40,504 | 43,672 | 47,102 | |
16,10 | 17,29 | 18,6 | 20,02 | 21,52 | 23,28 | 25,13 | 27,15 | 29,36 | 31,71 | 34,405 | 37,280 | 40,417 | 43,842 | 47,580 | 51,659 | 56,109 |
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