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时间:2020-03-08
《财务管理专业英语 教学课件 作者 崔刚主编 Chapter 2.pptx》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、g10byzw主编2.1TheConceptoftheTimeValue2.2SimpleInterest2.3CompoundInterest2.4OrdinaryAnnuity2.5PerpetuityChapter2TheTimeValueofMoney2.1 TheConceptoftheTimeValueThetimevalueofmoneymeansthatafteracertainperiod,capitalinvestmentandreinvestmentincreasethevalueofmoney.2.2 SimpleI
2、nterest2.2.1 FutureValueofSimpleInterest2.2.2 PresentValueofSimpleInterest2.2.1 FutureValueofSimpleInterestSimplefuturevalueisalatervalueonagivenamountofmoneytodaythatpaysonlysimpleinterest.Thefuturevalueformulais:【Example2-1】Supposeyoudeposit$10,000inanaccountinthebeginni
3、ngof2010.Iftheaccountearns4percent,howmuchwillbeintheaccountattheendof2010?2.2.1 FutureValueofSimpleInterestPresentValueofSimpleInterestSimplepresentvalueisacurrentvalueonalatercashflowthatpaysonlysimpleinterest.Thepresentvalueformulais:2.2.2 PresentValueofSimpleInterest2.
4、2.2 PresentValueofSimpleInterest【Example2-2】Supposethegovernmenthasissuedabondthatwillpay$10,000in10years,andthebondwillpaynointerimcouponpayments.Iftheannualdiscountrateis4percent,whatisthepresentvalueofthebond?2.3 CompoundInterest2.3.1 FutureValueofCompoundInterest2.3.2
5、PresentValueofCompoundInterest2.3.1 FutureValueofCompoundInterestCompoundingfuturevalueisalatervalueonagivenamountofmoneytodaythatusescompoundinterestrate.Thefuturevalueformulais2.3.1 FutureValueofCompoundInterest【Example2-3】Supposeyouhaveput$10,000inasavingsaccountattheBa
6、nkofChinainthebeginningof2010.Iftheaccountearns4percent,compoundedannually,howmuchwillbeintheaccountattheendof2012?2.3.2 PresentValueofCompoundInterestCompoundingpresentvalueisacurrentvalueonalatercashflowthatusescompoundinterestrate,orprincipalrequiredtodaytoachieveacerta
7、infutureprincipalandinterest.Thepresentvalueformulais2.3.2 PresentValueofCompoundInterest【Example2-4】Supposeyouwillreceive$10,000threeyearsfromnow.Youcanearn8percentonyouinvestments,andsotheappropriatediscountrateis8percent,compoundedannually.Whatisthepresentvalueofyourfut
8、urecashflow?2.4 OrdinaryAnnuity2.4.1 FutureValueofanOrdinaryAnnuity2.4.2 PresentValueofan
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