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※ 引述《Expsun (無限燃燒)》之銘言: : 1.Vincent Smudge's Paintings are unappreciated now. Nobody is willing to pay : anything to have them on the walls. In 5 years Smudgee's work will gain : enduring popularity. People will suddenly be willing to pay $1000 a year : to have an original Smudge on their walls and will continue to be willing : to do so ever after. If investors realize that this is the case and if the : interest rate is and always will be r, a painting by smudge will currently : be worth about : a. (1000/r)[1/(1+r)^4] 站在5年後的角度看,當年可以拿1000,以後每一年都可以拿1000 所以"現值"是1000*(1+r)/r 但這個"現值"其實是站在5年後來看的 真正的現值還要再乘以 1/(1+r)^5 所以就是(1000/r){1/(1+r)^4} -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 220.134.146.130