资产评估理论基础(2)(15)

Trick 4: Equating Present Value of Two Annuities

Harold and Helen Nash are saving for the college education of their newborn daughter, Susan. The Nashes estimate that college expenses will run 30000 per year when their daughter reaches college in 18 years. The annual interest rate over the next few decades will be 14 percent. How much money must they deposit in the bank each year so that their daughter will be completely supported through four years of college.

Nash夫妇为刚出生的女儿存款。......

0 1 17 18 19 20 21

Birth 2 Deposit tution 1 tution 3

1 Deposit last deposit tution 2 tution 4

Step 1: 计算学费

Step 2: 学费折现 9422.91

C×A17=9422.910.14Step 3:

A17=

6.37290.14