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THI GIAN
Khi nim
Gi tr ca tin khng ch c o lng
bi s lng m cn bi thi im nhn
c s tin y.
L do:
Lm pht
Chi ph c hi
Ri ro
Cc yu t trn pht huy tc dng theo thi
gian v tc ng n gi tr ca tin
Li sut
Cc yu t tc ng n gi tr tin t theo thi
gian c lng ha vo mt tham s: li sut
Li sut l t l % gia tng ca tin trong mt
khon thi gian nht nh
VD: gi 100 triu ng vo ngn hng c li sut
14%/nm ngha l sau 1 nm s vn ban u s
tng thm 14% tc 14 triu, gi l tin li tin
li l ci gi cho vic s dng vn
Li n
Li n
S tin li nhn c sau 2 nm:
100 x 14% x 2 = 28 triu ng
Cng thc tng qut:
I = V0 . i . n
I: tin li
V0: vn gc ban u
i: li sut
n: s k tnh li
Li kp
Li kp
Vn v li sau 1 nm :
100 x (1+14%) = 114
Vn v li sau 2 nm:
114 x (1+14%) = 129.96
Tin li sau 2 nm : 29.96
Li kp
Cng thc:
Vn= V0.(1+i)n
I = V0(1+i)n V0 = V0[(1+i)n-1]
Nhn xt:
Tin li tnh theo li kp ln hn tin li tnh
theo li n
Li kp
Quy lut 72
K ghp li
K ghp li l khon thi gian li pht sinh
c nhp vo vn gc v tip tc tnh li
cho k sau.
VD: gi tin vo ngn hng li sut
12%/nm, k ghp li 6 thng. Hi li thc
nhn sau 1 nm l bao nhiu ?
10
Tnh ton
Li sut 6 thng = 12%/2 = 6%
Vn v li sau 6 thng :
100 x (1+6%) = 106
Vn v li sau 1 nm:
106 x (1+6%) = 112.36
Tin li sau 1 nm : 12.36
12% gi l li sut danh ngha
12.36% gi l li sut thc
11
Cng thc:
ir= (1+i/n)n 1
ir : li sut thc tnh theo nm
Li sut danh
ngha
12 thng
12%
6 thng
12%
3 thng
12%
1 thng
12
12%
Li sut
thc
13
14
15
1 i 1
FVAn PMT
16
1 i n 1
FVAn PMT
1 i
i
17
1 1 i n
PVAn PMT
18
1 1 i n
PVAn PMT
1 i
i
19
FV CFt 1 i
n t
t 0
20
PV CFt 1 i
t 0
21
Vay tr gp
22
Vay tr gp
23
Vay tr gp
Nm
S d u
k
PMT
Li
1000
374.11
60
685.89
374.11
41.15
352.93
374.11
21.18
1122.33
122.33
Vn
D n
cn li
1000
24