《金融学基础》Module-3-Part-I时间价值与NPV规则.pptVIP

* 通货膨胀：随堂问题 * * * * * * * * * Concept of Discounting Concept of Discounting: Process of calculating present value The interest rate used in the calculating present value is referred to as discount rate. Discounted-cash-flow (DCF) analysis: calculating present value is called DCF analysis. Solving Lump Sum Cash Flow for Interest Rate An Example: Interest Rate on a Lump Sum Investment If you invest $15,000 for ten years, you receive $30,000. What is your annual return? Solving Lump Sum Cash Flow for Number of Periods Example: Solving for the Number of Periods (Payback Period) If you invest $