8: Additional Examples 109
:KHQFRPSRXQGLQJRFFXUVRQO\RQFHSHU\HDUWKHHIIHFWLYHUDWHDQGWKH
QRPLQDOUDWHDUHWKHVDPH
6HWWR%HJLQPRGH3UHVV
*O
LIBEGINDQQXQFLDWRULVQRWGLVSOD\HG
7KHQXVHWKDW39DVWKH)9RQWKHIROORZLQJFDVKIORZGLDJUDPDQG
FDOFXODWHWKH30 7
.
9.38
6WRUHVHIIHFWLYHUDWHDV
DQQXDOUDWH
*b
1.00
6HWVSD\PHQWSHU
\HDU
2
15,000.00
6WRUHVDQQXDO
ZLWKGUDZDO
P
4.00
6WRUHVQXPEHURI
ZLWKGUDZDOV
/
0.00
6WRUHVEDODQFHDWHQG
RIIRXU\HDUV
–52,713.28
&DOFXODWHVDPRXQW
UHTXLUHGZKHQ\RXU
GDXJKWHUVWDUWVFROOHJH
1 2 3 4 142 143 144
...
I/YR = 9%
PMT=?
FV from
previous
calculation.
10B.book Page 109 Wednesday, June 21, 2000 5:19 PM