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張寶寶 · 2024年03月04日

EAR 的计算

NO.PZ2023090505000013

问题如下:

An issuer is comparing a bank loan at a rate of 15% with taking advantage of a supplier’s terms of 1/14, net 30, paying on day 14. The best decision in terms of the lower cost of financing is to:

选项:

A.

forgo the discount and use the supplier’s financing to pay on day 30.

B.

borrow from the bank to take advantage of the trade credit terms.

C.

use either option because the cost of the bank loan and the cost of the trade credit are identical.

解释:

B is correct. The cost of the supplier’s trade credit, expressed as an effective annual rate, is 25.769%, which is higher than the 15% interest rate on the bank loan.


EAR of 1/14, net 30 = 0.25769 or 25.769%

A and C are incorrect, because the bank loan rate of 15% is lower than the effective annual rate, 25.769%, on the supplier’s trade credit.

dicount rate 为啥等于1%?

1 个答案

王琛_品职助教 · 2024年03月05日

嗨,爱思考的PZer你好:


1

因为 supplier’s terms 是 1/14, net 30

比如客户欠公司 100 元,net 30 代表,客户最晚在 30 天后需要还清 100 元

1/14 代表,如果提早还款,比如在前 14 天内就还钱,那么可以少还 1%,相当于只用还 99 元

2

关于 EAR of Supplier Financing,建议参考老师上课介绍的思路和计算公式

也请参考基础班讲义墨迹版 P185

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NO.PZ2023090505000013问题如下 issuer is comparing a bank loa rate of 15% with taking aantage of a supplier’s terms of 1/14, net 30, paying on y 14. The best cision in terms of the lower cost of financing is to: A.forgo the scount anuse the supplier’s financing to pon y 30.B.borrow from the bank to take aantage of the tra cret terms.C.use either option because the cost of the bank loanthe cost of the tra cret are intical. B is correct. The cost of the supplier’s tra cret, expresseeffective annurate, is 25.769%, whiis higher ththe 15% interest rate on the bank loan.Eof 1/14, net 30 = 0.25769 or 25.769%A anC are incorrect, because the bank lorate of 15% is lower ththe effective annurate, 25.769%, on the supplier’s tra cret. 不太理解可以详细一下吗

2024-03-15 16:45 2 · 回答

NO.PZ2023090505000013问题如下 issuer is comparing a bank loa rate of 15% with taking aantage of a supplier’s terms of 1/14, net 30, paying on y 14. The best cision in terms of the lower cost of financing is to: A.forgo the scount anuse the supplier’s financing to pon y 30.B.borrow from the bank to take aantage of the tra cret terms.C.use either option because the cost of the bank loanthe cost of the tra cret are intical. B is correct. The cost of the supplier’s tra cret, expresseeffective annurate, is 25.769%, whiis higher ththe 15% interest rate on the bank loan.Eof 1/14, net 30 = 0.25769 or 25.769%A anC are incorrect, because the bank lorate of 15% is lower ththe effective annurate, 25.769%, on the supplier’s tra cret. 这道题能不能用李老师课上教的方法计算。

2023-10-29 18:33 2 · 回答