amandajingyu · 2023年04月17日

先付年金不是在第一年起始先发生么？图是这样画的么？

1. CFA I
2. Quantitative

NO.PZ2015120604000014

问题如下：

If $1,500 will be invested at the beginning of each of the year for five years and assuming the interest rate is 10% .The first investment of $1500 is put into account today. At the end of the investing period, what's the value of the investment?

选项：

A.

$7,658

B.

$10,073

C.

$9,158

解释：

B is correct.

Under BGN mode:

N = 5; PMT = -1,500; PV = 0; I/Y = 10; CPT FV = 10,073.42.

那么0点的那个1500算什么，算PMT了，就不算PV了？