FRM一级前导班：定量分析+计算器的使用-讲义打印版.docx

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1、汩 G I QuantitativeAnalysisandtheUseofCalculatorJFRMPartIProgramThe Introduction of FinancialCalculatorAnnuityProbabilityStatisticLinear Regression菖W，MfFrameworkQuantitativeAnalysisTheIntroductionofFinancialCalculatorMW腼tl)GRILRGZUXYLUXZNKKGSBAIIPlus/Professional:/Bi 二 r 二上4 : -&-: W.二二二B一口19)GRILRGZ

2、UXYLUX次KKGSHP12CPreparations设置选项枝键显示默认设置自口匚nu-(U小数位数函FORMATDEC0-9（按9设？为评点小数）2角度即位QDEG()RAD(MK)DEGIIViUS(mm-dd-yyyy)Eur(dd-mm-yyyy)US分隔符QUS(1,000.00)Eur(1000,00)US计力Ift式GJChn（6tA）AOS（代数运。系统）ChnResetthecalculator按下（三）他SH）屯迎）1.bWSfTjB.RST?fwENTERffW1W注拿：7；爱以沟丽WIt作.拉F画MEtt.J*f.0.002.技卜&7匿，!认rmv*f.RSTHi0

3、.0015WJfttI注，小置时HHH/息出JL讷先按EEE*请泣所的出Ht仿息.硬重置好也1以通ii计0器背向。RESET处的小孔小Nil-JK.用欠物11-11+EAR=(1+)m=er,Tsemi,m=2;r,Cquarterly1m=4e0jWE:EAR二annualinterestrate1M,*+ftgreatempoundingfrequency,thegreatertheEARwillbeincomparisontothestatedratethegreaterthedifferencebetweenEARandthestatedrateMfWflAnnuityAnnuitie

4、s:isafinitesetoflevelsequentialcashflows.equalintervalsequalamountofcashflowssamedirectionConcept:N=numberofperiodsI/Y=interestrateperperiodPV=presentvalue=currentvalueofsomefuturecashflowsPMT=amountofeachperiodicpaymentFV=futurevalue=amounttowhichinvestmentgrowsafteroneormorecompoundingperiods16-91

5、)GRiCrgajtm6gtj,四KKfftjLMlMJ4OllIl；清?演溜演4漆溜潢63:液溜溃6流濡潢)6:漆消，,oKrffifiO61791SUVQMt)GRIRG3OTM6GTJ,pv-r专攻QIMm)GRIRGZOTM4.stl巾匚匚3MIO。匚SLOoMu8%jbLLjJELL50S?8/12=0.6667演I/Y沸溜。1演PMT藻渭一10演PV沸濡50演FV沸溜沼CPT液消N藻ON=143.80渡jOJbO143.8.1211.9812匚克OSd渡19-9163:,TT0Z_CompositionofannuityInterestpaymentandprincipalpaym

6、entUsetheAMORTfunctioninacalculatorClassificationofannuityOrdinaryannuities，i:Thefirstcashflowoccursattheendoffirstperiod.Example-mortgageloans,investments,etc.Annuitydueiil:ThefirstcashflowoccursimmediatelyExample-rentalfees,tuitionfees,livingexpenses,etc.Usecalculator,putthecalculatorintheBGNmodea

7、ndinputrelevantdata.20-91UV.Ml.tl.CalculatingPMTm匚sJNhk*ew0j,Bj(2NB,llfS2NDQUIT)yTVMN=20,IY=4,PMT=100,000FV=OCPTPV=-ll413,393.94”世MRM.HCalculating PMT.H11rioJ11seTBGNjL(2NDBGN,2NDS,2NDQU11)H与匚WM专2HjNN=4fIY=4,PMT=50,000,FV=OCRTPV=-188,754.55uewnaExample1.Acompanyplanstoborrow$50,000forfiveyears.Thecompanysbankwilllendthemoneyatarateof9%andrequiresthattheloanbepaidoffinfiveequalend-of-yearpayments.Calculatetheamountofthepaymentthattheco