查看完整版本: TVM第7题修正

TVM第7题修正

<span lang="EN-US" style="mso-fareast-language: ZH-CN;"><p>&nbsp;<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">7. </font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">解答</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">: </span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">B</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">)</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><p></p></span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">子女上大学到退休还有</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">14</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">年，投资累积额</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=FV(8%,14,0,-3</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">87883</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">) =</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">1,139</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,2</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">87</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">
                                        </span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">16</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">年后收入终值</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">=100,000</font></span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">*1.05¹⁶=</span><span lang="EN-US">218,287</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">16</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">年后支出终值</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">=70,000</font></span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">*1.03¹⁶=112,329</font></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">实质收入在退休时终值</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">= PV(2.86%</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">14</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">-</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">218287</span></font><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">0</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">1) *1.08¹³=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">6,964,093</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">实质支出在退休时终值</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">= PV(4.85%</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">14</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">-112329</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">0</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">，</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">1) *1.08¹³=3,201,252</font></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">子女上大学后还有</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">9</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">年房贷</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><p></p></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">房贷支出在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=FV(</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">8</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">%,9,-46479)*1.08⁵=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">580,409</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">*1.4693=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">852</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">795</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">退休金储蓄在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">6,964,093</span></font><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">-3,201,252</font></span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">-</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">852</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">795</span></font><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">2</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">910</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">046</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">退休金准备在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">1,139,287</span></font><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">+</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">2</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">910</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">046</span></font><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">4,049,333</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">退休时应累积退休金</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">=PV(1.92%,20,-129736,0,1)=2,178,302</font></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><font face="Times New Roman">4,049,333</font></span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">-2,178,302</font></span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">1</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">871</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">031</span></font><span lang="ZH-CN" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">
                                        </font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">为遗产在退休时的现值。</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><p></p></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"></p></p></span>

<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-fareast-language: ZH-CN; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman';">房贷支出在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=FV<font color="#dd4822">(</font></span><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><font color="#dd4822">8</font></span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font color="#dd4822">%,</font>9,-46479)*1.08⁵=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">580,409</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">*1.4693=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">852</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">795</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><span lang="EN-US" style="mso-fareast-language: ZH-CN;">为啥这里不用房贷利率6%,而用8%呢?</span></span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><span lang="EN-US" style="mso-fareast-language: ZH-CN;">呵呵,明白了!</span></span></font></p>
[align=right][color=#000066][此贴子已经被作者于2007-6-11 21:07:06编辑过][/color][/align]

<p>房贷支出的终值和退休储蓄根本不是一个时间点，怎么能直接相减呢？房贷支出结束离退休还有九年呢，所以我觉得应该在现值时也就是教育金储蓄目标完成后相减再求终值，结论应该比林老师的答案少一些。</p>

<p><span style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">房贷支出在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">=FV(</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">8</span><span lang="EN-US" style="mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">%,9,-46479)*1.08⁵=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">580,409</span><span lang="EN-US" style="mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">*1.4693=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">852</span><span lang="EN-US" style="mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">795</span></font></p><p><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">子女上大学后还有</span><span lang="EN-US" style="mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><font face="Times New Roman">9</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN;">年房贷，还完房贷还有5年退休。</span></span></span></font></p><p><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;">前面的是计算9年还款额在9年后的终值，再乘1.08^5计算到退休时点的终值。</span></font></p>

请问林老师，如果第七题按第六题的解题思路去做，都先求期末现值减掉房贷现值再求14年后的终值，这样的解法和第六题一样，但答案却不太一样，请问这两种做法有什么区别，错在哪了呢？

<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-SIZE: 11pt; FONT-FAMILY: SimSun; mso-fareast-language: ZH-CN; mso-ascii-font-family: &quot;Times New Roman&quot;; mso-hansi-font-family: &quot;Times New Roman&quot;; mso-bidi-font-size: 12.0pt;">目标顺序法的时间基准点，第</span><span lang="EN-US" style="FONT-SIZE: 11pt; mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun; mso-bidi-font-size: 12.0pt;"><font face="Times New Roman">6</font></span><span lang="ZH-CN" style="FONT-SIZE: 11pt; FONT-FAMILY: SimSun; mso-fareast-language: ZH-CN; mso-ascii-font-family: &quot;Times New Roman&quot;; mso-hansi-font-family: &quot;Times New Roman&quot;; mso-bidi-font-size: 12.0pt;">题是在子女上大学当年，第</span><span lang="EN-US" style="FONT-SIZE: 11pt; mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun; mso-bidi-font-size: 12.0pt;"><font face="Times New Roman">7</font></span><span lang="ZH-CN" style="FONT-SIZE: 11pt; FONT-FAMILY: SimSun; mso-fareast-language: ZH-CN; mso-ascii-font-family: &quot;Times New Roman&quot;; mso-hansi-font-family: &quot;Times New Roman&quot;; mso-bidi-font-size: 12.0pt;">题在退休当年，以此基准点来计算终值缺口，判断目标能否达成</span><span lang="EN-US" style="FONT-SIZE: 11pt; mso-bidi-font-size: 12.0pt;"><p></p></span></p>

林老师,我按第6题的思路,将基准点定在上大学时,先求现值再求终值,答案和您的一样啊,5楼怎么说不同呢

<div class="msgheader">QUOTE:</div><div class="msgborder"><b>以下是引用<i>柳随风</i>在2007-6-16 20:37:36的发言：</b><br/><p><span style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN; mso-hansi-font-family: 'Times New Roman';">房贷支出在退休时终值</span><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">=FV(</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">8</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">%,9,-46479)*1.08⁵=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">580,409</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">*1.4693=</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">852</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">,</span><span lang="EN-US" style="mso-fareast-language: ZH-CN;">795</span></font></p><p><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN; mso-hansi-font-family: 'Times New Roman';"><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN; mso-hansi-font-family: 'Times New Roman';">子女上大学后还有</span><span lang="EN-US" style="mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;"><font face="Times New Roman">9</font></span><span lang="ZH-CN" style="FONT-FAMILY: SimSun; mso-ascii-font-family: 'Times New Roman'; mso-fareast-language: ZH-CN; mso-hansi-font-family: 'Times New Roman';">年房贷，还完房贷还有5年退休。</span></span></span></font></p><p><font face="Times New Roman"><span lang="EN-US" style="mso-fareast-language: ZH-CN;">前面的是计算9年还款额在9年后的终值，再乘1.08^5计算到退休时点的终值。</span></font></p></div><p>这个<font face="Times New Roman" color="#e6421a">9年还款额在9年后的终值<font color="#000000">怎么理解</font></font></p>

<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="ZH-CN" style="FONT-SIZE: 11pt; FONT-FAMILY: SimSun; mso-bidi-font-size: 12.0pt; mso-ascii-font-family: 新細明體; mso-hansi-font-family: 新細明體; mso-fareast-language: ZH-CN;">假使这些年供额用来投资的话，这</span><span lang="EN-US" style="FONT-SIZE: 11pt; FONT-FAMILY: 新細明體; mso-bidi-font-size: 12.0pt; mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">9</span><span lang="ZH-CN" style="FONT-SIZE: 11pt; FONT-FAMILY: SimSun; mso-bidi-font-size: 12.0pt; mso-ascii-font-family: 新細明體; mso-hansi-font-family: 新細明體; mso-fareast-language: ZH-CN;">年可累积多少钱</span><span lang="EN-US" style="FONT-SIZE: 11pt; mso-bidi-font-size: 12.0pt;"><p></p></span></p>

<p>我认为应该用房贷的利息来算终值，然后用投资报酬率计算5年后的终值，请教老师是否正确</p>

<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; tab-stops: 333.0pt;"><span lang="ZH-CN" style="COLOR: black; FONT-FAMILY: SimSun; mso-ascii-font-family: Tahoma; mso-hansi-font-family: Tahoma; mso-bidi-font-family: Tahoma; mso-fareast-language: ZH-CN;">请见帖顶用</span><span lang="EN-US" style="COLOR: black; FONT-FAMILY: Tahoma; mso-fareast-language: ZH-CN; mso-fareast-font-family: SimSun;">EXCEL</span><span lang="ZH-CN" style="COLOR: black; FONT-FAMILY: SimSun; mso-ascii-font-family: Tahoma; mso-hansi-font-family: Tahoma; mso-bidi-font-family: Tahoma; mso-fareast-language: ZH-CN;">的模拟，会了解用投资报酬率来计算才是正确的</span><span lang="EN-US" style="COLOR: black; FONT-FAMILY: Tahoma;"><p></p></span></p>

林老师

你这一题目，是不是先把所有的现金流折现到，王先生35岁的时候，然后再折现到， 女儿读大学，也就是王先生46岁那年呀？

柳大哥，为何今年的案例练习题只有一个？哪儿还有可做的题？谢谢！

我没这题,要哪找

[s:65]

[s:85] [s:85]