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1.
2.
3.

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  (1  i) n  1 
A 
 i 
 i 
F 
 (1  i )  1 
n

 (1  i) n  1  A A A
A n  1 + 2 + ⋯+ n
 i (1  i)  1+i 1+i 1+i

 i(1  i) n 
P 
 (1  i)  1 
n
 (1+i)𝑛 −1 𝑖
F = A[ ] A = F[(1+i)𝑛 ]
𝑖 −1
(1+i)𝑛 −1 𝑖(1+i)𝑛
P = A[ ] A = P[(1+i)𝑛 ]
𝑖(1+i)𝑛 −1
 − 1+ −
= = = +

n
− 1+ −
= = = +


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 = +
=
= + +

=
=
FNPV1
 =

+ +
=

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 30%

20%

10%

-30% -20% -10% 0 10% 20% 30%

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

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 ( +N× )
R=P +P×r
N
R= +P +r
N

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
 i
Vi =
Ci

𝐶𝑖 𝐶𝑖 𝐹𝑖



 C1 C2
R (2−1) = × 00%
I2 I1