绗?/p>
1
椤?/p>
/
鍏?/p>
20
椤?/p>
2018
涓�寤哄伐绋嬬粡娴庤绠楀叕寮忔眹鎬诲強璁＄畻棰樿В鏋?/p>
绗竴绔狅細宸ョ▼缁忔祹
1
銆佺粓鍊间笌鐜板�?/p>
P6-P9
F=P(1+i)
n
F=A[(1+i)
n
-1]/i
3
銆佸悕涔夊埄鐜囦笌鏈夋晥鍒╃巼鐨勮绠?/p>
P11
鈶淬�佽鎭懆鏈燂細鏌愪竴绗旇祫閲戣绠楀埄鎭椂闂寸殑闂撮殧锛堣鎭懆鏈熸暟
m
锛岃鎭懆鏈熷埄鐜?/p>
i
锛?/p>
P12
鈶点�佽鎭懆鏈熷埄鐜囷紙
i
锛?/p>
鈶躲�佽鎭懆鏈熸暟锛氭煇涓�绗旇祫閲戝湪涓�骞村唴璁＄畻鍒╂伅鐨勬鏁帮紙
m
锛?/p>
鈶枫�佸悕涔夊埄鐜囷細鎸囩殑鏄勾鍒╃巼锛堝崟鍒╄绠楃殑骞村埄鐜囷級
锛?/p>
r
锛?/p>
r=i
脳
m
鈶搞�佸疄闄呭埄鐜囷細鍙堢О鏈夋晥鍒╃巼锛屽鍒╄绠楀埄鐜?/p>
鈶犺鎭懆鏈熺殑鏈夋晥鍒╃巼锛?/p>
锛堢瓑鏁堣鎭懆鏈熷埄鐜囷級
鈶″勾鏈夋晥鍒╃巼锛?/p>
1
)
1
(
飥?/p>
飥?
飥?/p>
m
eff
m
r
i
鈶广�佸凡鐭ユ煇涓�绗旇祫閲戠殑鎸夊搴﹁鎭紝瀛ｅ害鍒╃巼
3%
锛岄棶璧勯噾鐨勫悕涔夊埄鐜囷紵
r=i
脳
m=3%
脳
4=12%
鈶恒�佸凡鐭ユ煇涓�绗旇祫閲戝崐骞磋鎭竴娆★紝鍚嶄箟鍒╃巼
10%
锛岄棶鍗婂勾鐨勫埄鐜囨槸澶氬皯锛?/p>
i=r/m=10%/2=5%
鈶汇�佺敳鏂藉伐浼佷笟锛屽勾鍒濆悜閾惰璐锋娴佸姩璧勯噾
200
涓囷紝鎸夊璁＄畻骞舵敮浠樺埄鎭紝瀛ｅ害鍒╃巼
1.5%
锛屽垯鐢叉柦宸ヤ紒涓?/p>
涓�骞村簲鏀粯鐨勮椤规祦鍔ㄨ祫閲戣捶娆惧埄鎭负澶氬皯涓囧厓锛?/p>
200
脳
1.5%
脳
4=12
涓囧厓
鈶笺�佸勾鍒╃巼
8%
锛屾寜瀛ｅ害澶嶅埄璁℃伅锛屽垯鍗婂勾鐨勫疄闄呭埄鐜囦负澶氬皯锛熷搴﹀埄鐜?/p>
i=r/m=8%/4=2%
鍗婂勾鐨勬湁鏁堝埄鐜囷紙
i
eff
锛?/p>
=(1+r/m)
m
-1=
锛?/p>
1+2%
锛?/p>
2
-1=4.04%
鈶姐�佹湁涓�绗旇祫閲戯紝鍚嶄箟鍒╃巼
r=12%
锛屾寜鏈堣鎭紝璁＄畻瀛ｅ害瀹為檯鍒╃巼锛屾湀鍒╃巼
i=1%
瀛ｅ害鐨勬湁鏁堝埄鐜囷紙
i
eff
锛?/p>
锛?/p>
=(1+r/m)
m
-1=
锛?/p>
1+1%
锛?/p>
3
-1=3.03%
鈶俱�佹煇浼佷笟浠庨噾铻嶆満鏋勫�熸
100
涓囷紝鏈堝埄鐜?/p>
1%
锛屾寜鏈堝鍒╄鎭紝姣忓搴︿粯鎭竴娆★紝鍒欒浼佷笟涓�骞撮』鍚戦噾铻?/p>
鏈烘瀯鏀粯鍒╂伅澶氬皯涓囧厓
瀛ｅ害鐨勬湁鏁堝埄鐜囷紙
i
eff
锛?/p>
锛?/p>
=(1+r/m)
m
-1=
锛?/p>
1+1%
锛?/p>
3
-1=3.03%
瀛ｅ害鏈夋晥鍒╃巼脳
100
涓嚸?/p>
4=3.03%
脳
100
脳
4=12.12
涓囧厓