财务管理专业英语 教学课件 作者 崔刚主编 Chapter 2.pptx

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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