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

欢欢 · 2021年08月21日

我用的是后付方法算出同样答案

  1. CFA I
  2. Quantitative

NO.PZ2015120604000011

问题如下：

An investor purchased an annuity many years ago. The first payment of the annuity is to be received today. Assume the payment of the annuity is $5,000 constanly , the period the payment is 20 years. and the discount rate is 12%, calculate the today' value of the annuity:

选项：

A.

$37,347.

B.

$403,493.

C.

$41,829.

解释：

C is correct.

Under the BGN mode.

N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89.

应该是FV=0 PMT=5000 N=20 R=12 CPT PV（根据答案倒推） 然后把结果乘以1+r得出了正确答案

但我一开始的理解其实是PV=0 PMT=5000 N=20 R=12 CPT FV

因为虽然在这一时点上（即0时刻是PV）但是站在整个过去年金投资的角度来看这个时刻，不应该是求FV吗？（相当于有了之前的payment才有了此刻FV的回报）



添加评论
1 个答案
已采纳答案

星星_品职助教 · 2021年08月23日

同学你好，

这道题题干问“calculate the today' s value of the annuity”，说明求的是PV。

但题目的条件也是可以去求FV的，就是你的那个思路，用BGN模式去按。

所以既然题干给的条件既可以求PV，也可以求FV，就要看题目怎么问。如果问的是“calculate the future value of the annuity”，或者“calculate the value of the annuity at the end of 20 years”就是求FV了。

  • 1

    回答

  • 0

    关注

  • 297

    浏览
相关问题

NO.PZ2015120604000011 问题如下 investor purchaseannuity many years ago. The first payment of the annuity is to receivetoy. Assume the payment of the annuity is $5,000 constanly , the periothe payment is 20 years. anthe scount rate is 12%, calculate the toy' value of the annuity: A.$37,347. B.$403,493. C.$41,829. C is correct.Unr the BGN mo.N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89. 这道题从哪里判断的是先付年金呀

2023-10-18 15:18 1 · 回答

NO.PZ2015120604000011 问题如下 investor purchaseannuity many years ago. The first payment of the annuity is to receivetoy. Assume the payment of the annuity is $5,000 constanly , the periothe payment is 20 years. anthe scount rate is 12%, calculate the toy' value of the annuity: A.$37,347. B.$403,493. C.$41,829. C is correct.Unr the BGN mo.N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89. 可以用后付年金的计算方式，用n=19来算么

2023-07-27 14:27 1 · 回答

NO.PZ2015120604000011问题如下 investor purchaseannuity many years ago. The first payment of the annuity is to receivetoy. Assume the payment of the annuity is $5,000 constanly , the periothe payment is 20 years. anthe scount rate is 12%, calculate the toy' value of the annuity: A.$37,347.B.$403,493.C.$41,829.C is correct.Unr the BGN mo.N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89.我最近错的题目全部都是先付后付判断不对导致的 要不就是时间折现点的N算的不对，有容易理解的方法吗

2023-02-11 17:01 1 · 回答

NO.PZ2015120604000011 问题如下 investor purchaseannuity many years ago. The first payment of the annuity is to receivetoy. Assume the payment of the annuity is $5,000 constanly , the periothe payment is 20 years. anthe scount rate is 12%, calculate the toy' value of the annuity: A.$37,347. B.$403,493. C.$41,829. C is correct.Unr the BGN mo.N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89. crecivetoy 意思不是于今天收到吗，不是今天存入呀，意思是多年前买的年金今天可以提取了，不应该是求fv嘛

2022-12-19 14:38 1 · 回答

NO.PZ2015120604000011 问题如下 investor purchaseannuity many years ago. The first payment of the annuity is to receivetoy. Assume the payment of the annuity is $5,000 constanly , the periothe payment is 20 years. anthe scount rate is 12%, calculate the toy' value of the annuity: A.$37,347. B.$403,493. C.$41,829. C is correct.Unr the BGN mo.N = 20; PMT = -5,000; I/Y =12; FV = 0; CPT PV = 41,828.89. 这道题pmt是-5000，我一直搞不清楚什么时候是用+什么时候-

2022-10-08 05:30 1 · 回答