资金的时间价值.ppt

FVAn = R(1+i)n-1 + R(1+i)n-2 + ... + R(1+i)1 + R(1+i)0 普通年金终值 -- FVA R R R 0 1 2 n n+1 FVAn R: 每年现金流 年末 i% . . . FVA3 = $1,000(1.07)2 + $1,000(1.07)1 + $1,000(1.07)0 = $1,145 + $1,070 + $1,000 = $3,215 普通年金 -- FVA例 $1,000 $1,000 $1,000 0 1 2 3 4 $3,215 = FVA3 年末 7% $1,070 $1,145 FVAn = R (FVIFAi%,n) FVA3 = $1,000 (FVIFA7%,3) = $1,0