y

1.751.79
Precio:
F Ct
V At = (1)
(1 + y)t
∑T
P= V At (2)
t=1
∑T
F Ct
P= (3)
t=1
(1 + y)t
∑T
c∗VF VF
P= + (4)
t=1
(1 + y)t (1 + y)T

T =
4
1.79%
0.0179
2 =
0.00895
1.75%
0.0175
2 =
0.00875
∑
4
0.00875 ∗ 1000 1000
P= + (5)
t=1
(1 + 0.00895)t (1 + 0.00895)4
P =34.2307 + 964.9869 (6)
P =999.2176 (7)
Duración:
∑T
t ∗ V At
D= t=1 (8)
P
∑T
t=1 t ∗ (1+y)t
F Ct
D= (9)
P
∑T T ∗V F
t=1 t ∗ (1+y)t + (1+y)T
c∗V F
D= (10)
P
∑4
t=1 t ∗ (1+0.00895)t + (1+0.00895)4
0.00875∗1000 4∗1000
D= (11)
999.2176
85.19545 + 3859.948
D= (12)
999.2176
D=3.9482 (13)
3.9482
1.9741
u(cit ) =
ln(cit )
γ=
1
δ=
0.9
U (ci0 , ci1 ) =
u(ci0 )+
e−δ u(ci1 )
e−δ =
0.9
πs =
{ 31 , 23 }
Ps =
{0.4, 0.6}
E0 =
$100, 000
Ps
P0 =
e−δ πs ( E Es −γ
0
)
P0 ≡
1−δ
e =
0.9
γ=
1
0.9πs E0
Ps = (14)
Es
0.9πs E0
Es = (15)
P