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您好,这道题的第二部解答里面,我不明白,为什么是N=-4,不是-5.因为不是说5个季度后才支付吗?The value today is (where FV is future value)PV = FVN(1 + r)–NPV = $133.33(1 + 0.015)–4PV = $125.62 ≈ $126.
这道题,Q. An investment pays €300 annually for five years, with the first payment occurring today. The present value (PV) of the investment discounted at a 4% annual rate is closest to: €1,336. €1,389. €1,625. 只要会用金融计算器会算就可以了,还是必须得掌握公式B is correct, as shown in the following calculation for an annuity (A) due: PV=A[1−1(1+r)Nr](1+r), where A = €300, r = 0.04, and N = 5. PV=€300[1−1(1+.04)5.04](1.04) PV = €1,388.97, or ≈ €1,389.
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