开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

Katherine · 2024年02月23日

这题

  1. CFA I
  2. Quantitative

NO.PZ2023052407000002

问题如下：

Grey Pebble Real Estate seeks a fully amortizing fixed-rate five-year mortgage loan to finance 75 percent of the purchase price of a residential building that costs NZD5 million. The annual mortgage rate is 4.8 percent. The monthly payment for this mortgage would be closest to:

选项：

A.

NZD70,424.

B.

NZD93,899.

C.

NZD71,781.

解释：

A is correct. The present value of the mortgage is NZD3.75 million

(=0.75×5,000,000), the periodic discount rate is 0.004 (=0.048/12), and the number of periods is 60 (=5×12). Using Equation 8,


Alternatively, the spreadsheet PMT function may be used with the inputs stated earlier.

B is incorrect. NZD93,899 is the result if NZD5 million is incorrectly used as the present value term.

C is incorrect. NZD71,781 is the result if the calculation is made using 4.8 percent as the rate and 5 as the number of periods, then the answer is divided by 12.

这题为什么不可以pv＝0 fv＝5*0.75，站在放贷者的角度

添加评论
1 个答案

品职助教_七七 · 2024年02月24日

嗨，努力学习的PZer你好：


无论是站在谁的角度，都只改变现金流的符号，而不会改变现金流发生的时间。

本题的3.75m借款发生在0时点，如果站在借钱人的角度，就是+3.75，放贷者的角度就是-3.75。但无论如何这个现金流的发生时间也不会移到期末时点。

同样，期末时点是没有除PMT之外的独立现金流发生的，所以无论站在哪一方的角度，期末的FV都是0.

----------------------------------------------
虽然现在很辛苦，但努力过的感觉真的很好，加油！

  • 1

    回答

  • 0

    关注

  • 3674

    浏览
相关问题

NO.PZ2023052407000002 问题如下 Grey Pebble ReEstate seeks a fully amortizing fixerate five-yemortgage loto finan75 percent of the purchase priof a resintibuilng thcosts NZ million. The annumortgage rate is 4.8 percent. The monthly payment for this mortgage woulclosest to: A.NZ0,424. B.NZ3,899. C.NZ1,781. A is correct. The present value of the mortgage is NZ.75 million (=0.75×5,000,000), the perioc scount rate is 0.004 (=0.048/12), anthe number of perio is 60 (=5×12). Using Equation 8,Alternatively, the spreaheet PMT function musewith the inputs stateearlier.B is incorrect. NZ3,899 is the result if NZ million is incorrectly usethe present value term.C is incorrect. NZ1,781 is the result if the calculation is ma using 4.8 percent the rate an5 the number of perio, then the answer is vi12. 用N=5,IY=4.8,PV=3750000,FV=0,算出PMT861372,再除以12，正好等于C ，这样错在哪里

2024-10-02 11:15 1 · 回答

NO.PZ2023052407000002 问题如下 Grey Pebble ReEstate seeks a fully amortizing fixerate five-yemortgage loto finan75 percent of the purchase priof a resintibuilng thcosts NZ million. The annumortgage rate is 4.8 percent. The monthly payment for this mortgage woulclosest to: A.NZ0,424. B.NZ3,899. C.NZ1,781. A is correct. The present value of the mortgage is NZ.75 million (=0.75×5,000,000), the perioc scount rate is 0.004 (=0.048/12), anthe number of perio is 60 (=5×12). Using Equation 8,Alternatively, the spreaheet PMT function musewith the inputs stateearlier.B is incorrect. NZ3,899 is the result if NZ million is incorrectly usethe present value term.C is incorrect. NZ1,781 is the result if the calculation is ma using 4.8 percent the rate an5 the number of perio, then the answer is vi12. 我用计算器第三行操作如下n=60i/y=0.4%PV=3.75FV=0计算器算出的payment PMT是-00625请问是哪一个环节带错数了吗？谢谢

2024-07-14 19:38 1 · 回答

NO.PZ2023052407000002 问题如下 Grey Pebble ReEstate seeks a fully amortizing fixerate five-yemortgage loto finan75 percent of the purchase priof a resintibuilng thcosts NZ million. The annumortgage rate is 4.8 percent. The monthly payment for this mortgage woulclosest to: A.NZ0,424. B.NZ3,899. C.NZ1,781. A is correct. The present value of the mortgage is NZ.75 million (=0.75×5,000,000), the perioc scount rate is 0.004 (=0.048/12), anthe number of perio is 60 (=5×12). Using Equation 8,Alternatively, the spreaheet PMT function musewith the inputs stateearlier.B is incorrect. NZ3,899 is the result if NZ million is incorrectly usethe present value term.C is incorrect. NZ1,781 is the result if the calculation is ma using 4.8 percent the rate an5 the number of perio, then the answer is vi12. 我用计算器 n=60. pv=3.75. fv=0. i/y=4.8 是哪个数据出错了嘛

2024-03-20 15:04 1 · 回答

NO.PZ2023052407000002问题如下 Grey Pebble ReEstate seeks a fully amortizing fixerate five-yemortgage loto finan75 percent of the purchase priof a resintibuilng thcosts NZ million. The annumortgage rate is 4.8 percent. The monthly payment for this mortgage woulclosest to: A.NZ0,424.B.NZ3,899.C.NZ1,781. A is correct. The present value of the mortgage is NZ.75 million (=0.75×5,000,000), the perioc scount rate is 0.004 (=0.048/12), anthe number of perio is 60 (=5×12). Using Equation 8,Alternatively, the spreaheet PMT function musewith the inputs stateearlier.B is incorrect. NZ3,899 is the result if NZ million is incorrectly usethe present value term.C is incorrect. NZ1,781 is the result if the calculation is ma using 4.8 percent the rate an5 the number of perio, then the answer is vi12. 不明白equation 8 是怎么得到的

2023-11-19 02:19 1 · 回答