问题如下:
1. What is the expected future accumulation in 15 years assuming these parameters hold for that time period?
选项:
A.£1,930,929.
B.£1,962,776.
C.£1,994,447.
解释:
B is correct.
r* = r(1–pdtd–piti–pcgtcg)
= 0.06*[1–(0.30)(0.15)–(0.20)(0.35)–(0.40)(0.25)]
= 0.0471 or 4.71 percent
T* = tcg(1–pd–pi–pcg)/(1–pdtd–piti–pcgtcg)
= tcg(1–0.30–0.20–0.40)/[1–(0.30)(0.15)–(0.20)(0.35)–(0.40)(0.25)]
= 0.0318
FVIFTaxable = £1,000,000[(1 + r*)n(1–T*) + T*]
= £1,000,000[(1 + 0.0471)15(1–0.0318) + 0.0318]
= £1,962,776
£1,000,000[(1 + 0.0471)15(1–0.0318) + 0.0318]
怎么算不出题目的数字啊,能否说一下计算器怎么按