作者esther730 (esther)
看板CFAiafeFSA
标题Re: [问题] ASM FM exam4 28
时间Fri Dec 14 20:43:43 2012
※ 引述《esther730 (esther)》之铭言:
: 题目是
: suppose that in response to claim that result in physical injury , an insurance
: company is responsible for making 25 annual payments. the first payment , to
: be made now , wil be 50,000 . after that , the payment will increase annual
: for inflation , at a rate of 6% per year . the real interest rate is 4% per
: year . calculate the present value of these 25 payment.
: 解答是812,348
: 我的疑问是inflation 6% 不用计入计算吗?
今天又做到下一回第6题 题目很类似
the first payment will occur on Jan 1, 2008,and the final payment will occur
on Jan 1,2031 . the first payment will be 100,000 , after that , the payment
will increase annually for inflation , at a rate if 5% per year. the real
interest rate is 3% per year . find the present value these future payments
as of Dec 31,2005.
解答是 1,491,363
详解的算法是名目利率=1.05*1.03-1 去算
两者的不同点在於?
为何上题可以不考虑 inflation?
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