开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

greenhope_wl · 2019年12月02日

问一道题：NO.PZ2018091705000084

  1. CFA III
  2. 个人IPS

问题如下：

Jacques purchases a US$100,000 face value whole life policy has an annual premium of US$2,000, paid at the beginning of the year. Policy dividends of US$500 per year are anticipated, payable at year-end. A cash value of US$32,500 is projected for the end of Year 30. Jacques has a life expectancy of 30 years and a discount rate of 5%. The net payment cost index that Jacques calculate is closest to:

选项：

A.

$17.22.

B.

$16.89.

C.

$15.24.

解释：

C is correct.

考点: Net payment cost index

解析： The net payment cost index假设被保险人在30年后死亡。计算net payment cost index包括以下步骤:

想不太明白，计算终值的时候，比如计算3年的终值，先付年金的终值是第三年年初的FV，后付年金的终值是第三年年末的FV，按照这个逻辑应该是后付年金的FV/（1+I/Y）=先付年金FV，可是为什么正确的结果应该是后付年金的FV*（1+I/Y）=先付年金FV

添加评论
1 个答案
已采纳答案

包包_品职助教 · 2019年12月02日

嗨，努力学习的PZer你好：


你前面的理解不对，，计算终值的时候，比如计算3年的终值，先付年金的终值是第三年年末的FV，而不是年初的FV，后付年金的终值也是是第三年年末的FV，他们两个的区别不是计算的终值时间点不同，而是现金流一个是期初一个是期末

你可以用计算器算下，比如N=1，PMT=100，I/Y=5%，PV=0 如果是先付年金模式，计算出来的终值是105如果是后付年金模式，算出来的终值是100.


-------------------------------
努力的时光都是限量版，加油！


  • 1

    回答

  • 1

    关注

  • 504

    浏览
相关问题

NO.PZ2018091705000084 问题如下 Jacques purchases a US$100,000 favalue whole life polihannupremium of US$2,000, paithe beginning of the year. Polivin of US$500 per yeare anticipate payable year-en A cash value of US$32,500 is projectefor the enof Ye30. Jacques ha life expectanof 30 years ana scount rate of 5%. The net payment cost inx thJacques calculate is closest to: $17.22. $16.89. $15.24. C is correct. 考点: Net payment cost inx 解析&#xFF1The net payment cost inx假设被保险人在30年后死亡。计算net payment cost inx包括以下步骤: 为什么最后这个除以100？这个100是怎么得出来的？

2024-08-10 12:19 2 · 回答

NO.PZ2018091705000084 问题如下 Jacques purchases a US$100,000 favalue whole life polihannupremium of US$2,000, paithe beginning of the year. Polivin of US$500 per yeare anticipate payable year-en A cash value of US$32,500 is projectefor the enof Ye30. Jacques ha life expectanof 30 years ana scount rate of 5%. The net payment cost inx thJacques calculate is closest to: $17.22. $16.89. $15.24. C is correct. 考点: Net payment cost inx 解析&#xFF1The net payment cost inx假设被保险人在30年后死亡。计算net payment cost inx包括以下步骤: 怎么调begin 现金流?

2024-06-10 10:24 2 · 回答

NO.PZ2018091705000084 问题如下 Jacques purchases a US$100,000 favalue whole life polihannupremium of US$2,000, paithe beginning of the year. Polivin of US$500 per yeare anticipate payable year-en A cash value of US$32,500 is projectefor the enof Ye30. Jacques ha life expectanof 30 years ana scount rate of 5%. The net payment cost inx thJacques calculate is closest to: $17.22. $16.89. $15.24. C is correct. 考点: Net payment cost inx 解析&#xFF1The net payment cost inx假设被保险人在30年后死亡。计算net payment cost inx包括以下步骤: 题目中哪里可以看出是100份保险？

2024-01-07 19:49 1 · 回答

NO.PZ2018091705000084 问题如下 Jacques purchases a US$100,000 favalue whole life polihannupremium of US$2,000, paithe beginning of the year. Polivin of US$500 per yeare anticipate payable year-en A cash value of US$32,500 is projectefor the enof Ye30. Jacques ha life expectanof 30 years ana scount rate of 5%. The net payment cost inx thJacques calculate is closest to: $17.22. $16.89. $15.24. C is correct. 考点: Net payment cost inx 解析&#xFF1The net payment cost inx假设被保险人在30年后死亡。计算net payment cost inx包括以下步骤: 按基础班PPT304的解题步骤:FV of premium=139521.58,FV of vin33219.4230-yecash value=32500相减后得30-yeinsurancost=73802.16再用上面这个数字作为FV求PMT得annupayments=1110.83所以Inx=11.11.以上是根据基础班例题的步骤做的，为什么错了？题目答案中为何没有使用cash value 32500?

2023-08-01 08:49 1 · 回答

NO.PZ2018091705000084 问题如下 Jacques purchases a US$100,000 favalue whole life polihannupremium of US$2,000, paithe beginning of the year. Polivin of US$500 per yeare anticipate payable year-en A cash value of US$32,500 is projectefor the enof Ye30. Jacques ha life expectanof 30 years ana scount rate of 5%. The net payment cost inx thJacques calculate is closest to: $17.22. $16.89. $15.24. C is correct. 考点: Net payment cost inx 解析&#xFF1The net payment cost inx假设被保险人在30年后死亡。计算net payment cost inx包括以下步骤: 请问139521.58怎么计算出来的？

2023-06-17 15:37 1 · 回答