NO.PZ2015120604000013
问题如下:
An annuity of $2,000 per year will be received for twenty years. The first payment is to be received at the end of thirteenth years. Assume the discount rate is 7% over next years, calculate the today's present value of the annuity
选项:
A.
$8,792.
B.
$9,408.
C.
$10,066.
解释:
B is correct.
- Calculate the PV of annuity at the end of the twentieth years : N = 20; I/Y = 7; PMT = -2,000; FV = 0; CPT PV = 21,188.03. ;
- Calculate the PV today: N = 12; PMT = 0; FV = -21,188.03; I/Y = 7; CPT PV = 9,407.74.
请问第一步算the end of the thirteenth year的PV的时候为什么N=20而不是12?first payment at the thirteenth year是把所有的钱都给我了吗?还是先付前13年的,后面再每年两千?