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赵虾仁 · 2022年02月13日

这个many years ago 应该怎么理解?

NO.PZ2015120604000009

问题如下:

An investor purchased an annuity many years ago, he will receive $1,200 per year at the end of each of the next 40 years from this annuity. If the interest rate is supposed to be 7%, the present value of the cashflows the investor will receive is closest to:

选项:

A.

$15,998.

B.

$17,193.

C.

$239,662.

解释:

A is correct.

N = 40; I/Y = 7; PMT = -1,200; FV = 0; CPT PV = $15,998.05

rt

1 个答案
已采纳答案

星星_品职助教 · 2022年02月14日

同学你好,

这是个无效条件。无论年金是何时购买的,计算年金现值看的都是未来的现金流流入。过去的已经过去了,不会再纳入到现在的价值计算中


本题中,“ he will receive $1,200 per year at the end of each of the next 40 years from this annuity”是有效条件。说明计算价值的基础是未来的40笔现金流,这个条件转化后就是计算现值时N=40。