财务计算器的使用（The use of financial calculators）.docVIP

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财务计算器的使用（The use of financial calculators）.doc

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财务计算器的使用（The use of financial calculators）

财务计算器的使用（The use of financial calculators） The use of financial calculators School of Finance and finance, Renmin University of China Dr. Ren Qiang Time value of money Money has the value of time: The added value of money after a certain period of time of investment and Reinvestment The value of money has increased over time Todays 1 yuan, tomorrows 1 yuan Time value of money Simple calculation: Simple calculation: only. The principal interest, interest bring interest. To 100 yuan, annual interest rate of 10% for example, at the end of the final value for 1-3 years. .100 yuan, 1 years after the final value: .100 * (110%) = 110 .100 yuan, 2 years after the final value: .100 (110% * * 2 = 120) .100 yuan, 3 years after the final value: .100 (110% * * 3 = 130) Time value of money Calculation of compound interest: The interest. In the next turn to do the principal and the original principal benefit calculation Of interest, namely ligunli. To 100 yuan, annual interest rate of 10% for example, at the end of the final value for 1-3 years. .100 yuan, 1 years after the final value: .100 * (110%) = 110 .100 yuan, 2 years after the final value: .100 (110%) * 2 = 121 .100 yuan, 3 years after the final value: .100 (110%) * 3 = 133.1 Time value of money It is the final formula: The formula of the final value of compound interest: () niVVn * +=10 () nniVV+=101.001.101.211.331.461.611.771.952.142.362.590.000.501.001.502.002.503.00012345678910 years $ Compound Simple interest Time value of money Discount: Determine the current value of future cash flows The principle of discounting is the opposite of the final value Question: if you can get a rate of return of 10%, and two years after the investment income is For $10000, then the investment value of today is how much? Time value of money According to the calculation of the present value of interest: The present value is calculated in compound interest: 010000 (110%2) V= * x 0210000 (110%) V= + Time value of money General formula: It