Ⅰ 杞﹁締璐緗鍒╂伅騫村埄鐜囨庝箞璁＄畻錛
涓銆佽濺杈嗚喘緗鍒╂伅騫村埄鐜囨庝箞璁＄畻錛
涔拌濺鏃剁殑鍒╂伅璁＄畻鍏寮忎負錛氳捶嬈懼埄鎮=鏈閲懨楀埄鐜嚸楁湡闄愩備互鐜板湪甯歌佺殑騫村埄鐜5.15%鏉ヨ達紝杞﹀瓙浠鋒牸鍗佷竾銆佽捶嬈句笁騫達紝鍒╂伅鍒欎負15450鍏冦傝捶嬈懼埄鐜囨牴鎹璐鋒劇殑鏃墮棿闀跨煭鍙樺寲鑰屼笉鍚岋紝涓鑸鏉ヨ達紝杞﹁捶鏈闀挎椂闄愪負5騫淬
璐鋒炬椂闂村湪1騫翠箣鍐呯殑錛堝惈1騫達級錛岃捶嬈懼勾鍒╃巼涓4.35%錛涜捶嬈炬椂闂村湪1騫村埌5騫翠箣闂寸殑錛屽埄鐜囧湪4.75%
浜屻佽濺璐峰埄鎮鏄鎬庝箞綆楃殑錛
璁＄畻鏈夎銆傜洰鍓5騫翠互涓婃苯杞︽秷璐硅捶嬈懼勾鍒╃巼涓6.55%錛屽傛灉璐鋒10涓囧厓銆佹湡闄5騫達紝鍒欐瘡鏈堜緵嬈1958嬈117537.46鍏冿紙鍏朵腑鏀浠樺埄鎮17537.46鍏冿級銆傝＄畻鏂規硶姣旇緝澶嶆潅錛屼笉璧樿堪銆傝︾粏鏁版嵁瑙佷笅琛ㄣ
鏈熸″伩榪樺埄鏈熸湀渚涘墿浣欐湰閲
1鏈5413.12鍏1958.96鍏98586.88鍏
2鏈538.12鍏142.96鍏97166.0
3鏈530.36鍏1428.59鍏1958.96鍏95737.44鍏
4鏈522.57鍏1436.39鍏1958.96鍏9
5鏈514.73鍏1444.23鍏1958.96鍏9285
6鏈506.84鍏1452.11鍏14.71鍏
7鏈498.92鍏146.96鍏89944.67鍏
8鏈490.95鍏1468.01鍏1958.96鍏88476.66鍏
9鏈482.94鍏1476.02鍏1958.964鍏
10鏈484.08鍏1958.96鍏85516.56鍏
11鏈466.78鍏1492.18鍏1958.96鍏84024.38鍏
12鏈4500.32鍏1958.96鍏82524.05鍏
13鏈450.44鍏1508.51鍏1958.96鍏81015.54鍏
14鏈442.21鍏1516.7579498.79鍏
15鏈433.93鍏1525.03鍏1958.96鍏77973.76鍏
11鍏1533.36鍏76440.41鍏
17鏈417.24鍏1541.72鍏1958.96鍏74898.69鍏
18鏈408.82鍏1550.14鍏1958.96鍏73348.56鍏
19鏈400.36鍏1558.60鍏1958.96鍏71789.96鍏
20鏈391.85鍏1567.10鍏1958.96鍏70222.86鍏
21鏈383.30鍏1575.66鍏1958.96鍏68647.20鍏
22鏈374.70鍏1584.26鍏1958.96鍏67062.94鍏
23鏈366.05鍏1592.91鍏1958.96鍏65470.03鍏
24鏈357.36鍏1601.60鍏1958.96鍏63868.43鍏
25鏈348.62鍏1610.34鍏1958.96鍏62258.09鍏
26鏈339.83鍏1619.13鍏1958.96鍏60638.96鍏
27鏈330.99鍏1627.97鍏1958.96鍏59010.99鍏
28鏈322.10鍏1636.86鍏1958.96鍏57374.13鍏
29鏈313.17鍏1645.79鍏1958.96鍏55728.34鍏
30鏈304.18鍏1654.77鍏1958.96鍏54073.57鍏
31鏈295.15鍏1663.81鍏1958.96鍏52409.76鍏
32鏈286.07鍏1672.89鍏1958.96鍏50736.88鍏
33鏈276.94鍏1682.02鍏1958.96鍏49054.86鍏
34鏈267.76鍏1691.20鍏1958.96鍏47363.66鍏
35鏈258.53鍏1700.43鍏1958.96鍏45663.23鍏
36鏈249.25鍏1709.71鍏1958.96鍏43953.51鍏
37鏈239.91鍏1719.04鍏1958.96鍏42234.47鍏
38鏈230.53鍏1728.43鍏1958.96鍏40506.04鍏
39鏈221.10鍏1737.86鍏1958.96鍏38768.18鍏
40鏈211.61鍏1747.35鍏1958.96鍏37020.83鍏
41鏈202.07鍏1756.89鍏1958.96鍏35263.94鍏
42鏈192.48鍏1766.48鍏1958.96鍏33497.47鍏
43鏈182.84鍏1776.12鍏1958.96鍏31721.35鍏
44鏈173.15鍏1785.81鍏1958.96鍏29935.54鍏
45鏈163.40鍏1795.56鍏1958.96鍏28139.98鍏
46鏈153.60鍏1805.36鍏1958.96鍏26334.62鍏
47鏈143.74鍏1815.21鍏1958.96鍏24519.41鍏
48鏈133.84鍏1825.12鍏1958.96鍏22694.28鍏
49鏈123.87鍏1835.08鍏1958.96鍏20859.20鍏
50鏈113.86鍏1845.10鍏1958.96鍏19014.10鍏
51鏈103.79鍏1855.17鍏1958.96鍏17158.92鍏
52鏈93.66鍏1865.30鍏1958.96鍏15293.63鍏
53鏈83.48鍏1875.48鍏1958.96鍏13418.15鍏
54鏈73.24鍏1885.72鍏1958.96鍏11532.43鍏
55鏈62.95鍏1896.01鍏1958.96鍏9636.42鍏
56鏈52.60鍏1906.36鍏1958.96鍏7730.06鍏
57鏈42.19鍏1916.76鍏1958.96鍏5813.30鍏
58鏈31.73鍏1927.23鍏1958.96鍏3886.07鍏
59鏈21.21鍏1937.75鍏1958.96鍏1948.32鍏
60鏈10.63鍏1948.32鍏1958.96鍏0.00鍏
浣犵殑榪欎釜鍋胯繕鍒╂伅鏄鎬庝箞綆楃殑錛
鏈鏈堝伩榪樺埄鎮錛濇湀鍒濇湰閲戜綑棰澝楁湀鍒╃巼銆傚勾鍒╃巼6.55%鍖栦負鏈堝埄鐜囦負5.4583鈥幫紙鍗6.55%梅12錛夈傜涓涓鏈堣繕鐨勫埄鎮涓猴細100000脳5.4583鈥幫紳545.83鍏冦佽繕鐨勬湰閲戞槸錛1958.96-545.83錛1413.12鍏冿紱絎浜屼釜鏈堣繕鐨勫埄鎮涓猴細98586.88脳5.4583鈥幫紳538.12鍏冦佽繕鐨勬湰閲戞槸錛1958.96-538.12錛1420.84鍏冦備互姝ょ被鎺ㄣ
涓夈佽喘杞﹀埄鎮鎬庝箞綆
鎴戞潵甯浣犵畻璐鋒45000鍒嗘湡涓ゅ勾錛24涓鏈堬級錛屾湀榪樻湰閲戞槸1875鍏冦傝捶嬈懼埄鎮鏄鍓╀綑璐鋒句箻浠ュ埄鐜囷紝鐢變簬浣犳瘡鏈堥兘鍦ㄨ繕鏈閲戞墍浠ヤ綘璐鋒懼埄鎮閫愭湀閫掑噺銆傝捶嬈鵑濓紙璐鋒炬婚-宸茶繕璐鋒撅級鍒╃巼鏈堣繕鏈閲=姣忔湀榪樻炬婚濅綘絎涓涓鏈堢殑榪樻鵑濇槸鏈楂樼殑=鏈閲戱紙1875錛夎捶嬈鵑濓紙45000錛屽洜涓轟綘榪樻病鏈夎繕榪囨撅級鍒╃巼絎浜屼釜鏈堢殑榪樻鵑=鏈閲戱紙1875錛夎捶嬈鵑濓紙45000-1875錛屼互涓轟綘宸茬粡榪樿繃涓嬈℃炬墍浠ヨ捶嬈鵑濈浉搴斿噺灝戱級鍒╃巼絎涓変釜鏈堢殑榪樻鵑=鏈閲戱紙1875錛夎捶嬈鵑濓紙45000-18752錛屽洜涓轟綘宸茬粡榪樿繃涓や釜鏈堟撅級鍒╃巼浠ユょ被鎺ㄥ彲鐭ユ瘡鏈堣繕嬈鵑濓紙鎴戞病鏈夌畻姣忔湀鐨勭＄悊璐圭瓑絳夊叾浠栬垂鐢錛岄偅涓姣旇緝綆鍗曟ゼ涓昏嚜宸辯浉鍔犲氨鍙浠ヤ簡錛夛紝涓ゅ勾鐨勬誨埄鎮鏄2784.375鍏冦
鍥涖佷拱杞﹁捶嬈劇殑鍒╂伅鎬庝箞綆楃殑錛
1銆18涓囩殑杞︿環棣栦粯20%灝辨槸3.6涓囧厓錛岃捶嬈懼氨鏄14.4涓囧厓錛
2銆佺涓騫村勾鍒╂伅灝辨槸14.4涓囧厓0.0269騫村埄鐜=3873.6鍏冿紱
3銆佺涓涓鏈堣繕嬈懼氨鏄3873.6鍏/12涓鏈=322.8鍏冿紱
6銆佺涓涓鏈堣捶嬈炬湰閲14.4涓囧厓/36涓鏈=4000鍏冦
7銆佺涓涓鏈堣捶嬈炬湰閲戝埄鎮灝辨槸4000鍏322.8鍏=4322.8鍏冦
娉ㄦ剰4322.8鍏冨簲璇ユ槸絎涓涓鏈堢殑鏈閲戝埄鎮錛岀敱浜庤捶嬈炬湰閲戦愭湀鍑忓皯錛岃捶嬈劇殑鍒╂伅涔熷搷搴斾細鍑忓皯錛岃蜂笌奼借濺閿鍞鍟嗘矡閫氾紒
Ⅱ 涔拌濺鍒╃巼璁＄畻鍏寮
涓銆佷拱杞﹀埄鐜囪＄畻鍏寮
涔拌濺鏃訛紝鍒╂伅璁＄畻鍏寮忎負:璐鋒懼埄鎮=鏈閲懨楀埄鐜嚸楁湡闄愩傜洰鍓嶅父瑙佺殑騫村埄鐜5.15%錛岃濺浠10涓囷紝璐鋒句笁騫達紝鍒╂伅15450鍏冦傝捶嬈懼埄鐜囨牴鎹璐鋒炬湡闄愮殑闀跨煭鑰屼笉鍚屻備竴鑸鏉ヨ達紝杞﹁捶鏈闀挎湡闄愭槸浜斿勾銆傝捶嬈炬湡闄愬湪涓騫翠互鍐(鍚涓騫)鐨勶紝璐鋒懼勾鍒╃巼涓4.35%錛涜捶嬈炬湡闄愬湪涓騫磋嚦浜斿勾涔嬮棿鐨勶紝鍒╃巼涓4.75%銆備絾榪欎釜鍒╃巼鏄鍩哄噯鍒╃巼錛屽疄闄呮搷浣滀腑浼氫笂涓嬫誕鍔10%銆備箣鍚庡啀璇磋捶嬈炬柟寮忋傛湁涓ょ:絳夐濇湰鎮鎴栧鉤鍧囪祫鏈銆1.絳夐濇湰鎮榪樻炬硶鏄鍦ㄨ捶嬈炬湡闄愬唴錛屾瘡鏈堢瓑棰濆伩榪樿捶嬈炬湰鎮鐨勪竴縐嶆柟娉曘傛湀榪樻鵑濈殑鍏寮忎負:鏈堣繕嬈鵑=璐鋒炬湰閲懨楁湀鍒╃巼脳(1鏈堝埄鐜)脳榪樻炬湀鏁/[(1鏈堝埄鐜)榪樻炬湀鏁-1]銆2.騫沖潎璧勬湰鍋胯繕娉曟槸姣忔湀絳夐濆伩榪樿捶嬈炬湰閲戠殑鏂規硶銆傝捶嬈懼埄鎮闅忔湰閲戦愭湀閫掑噺銆傛湀榪樻鵑濈殑璁＄畻鍏寮忎負:鏈堣繕嬈鵑=璐鋒炬湰閲/璐鋒炬湡闄愭湀鏁(鏈閲-宸茶繕鏈閲戠瘡璁￠)脳鏈堝埄鐜囥傛渶鍚庤翠竴涓嬭濺璐鋒椂闂:鐜拌屾斂絳栬勫畾錛屼竴鎵嬭喘杞﹁捶嬈炬渶闀挎椂闂翠負浜斿勾錛屼簩鎵嬭濺璐鋒炬渶闀挎椂闂翠負涓夊勾銆備絾閾惰屼細鑰冭檻鍚勭嶉庨櫓錛屾瘮濡傛苯杞﹀揩閫熻船鍊箋佽繕嬈鵑庨櫓絳夛紝澶ч儴鍒嗚捶嬈炬湡闄愪細鍦ㄥ師鏈夊熀紜涓婂噺灝戜竴騫淬傚彉鎴愪竴鎵嬭喘杞﹁捶嬈4騫磋繕娓咃紝浜屾墜璐杞﹁捶嬈2騫磋繕娓呫傜櫨涓囪喘杞﹁ˉ璐
浜屻佸府蹇欒＄畻涓嬭喘杞﹁捶嬈劇殑鍒╃巼.
璐鋒100涓囧厓錛岀幇浠12涓囧厓錛岀浉褰撲簬瀹為檯璐鋒88涓囧厓錛屾瘡鏈堢瓑棰濊繕嬈100/36=25/9涓囧厓
鍦╡xcel鐢靛瓙琛ㄦ牸浠繪剰涓鏍煎唴杈撳叆=rate(36,-25/9,88)
鍙寰楀埌鏈堝埄鐜囦負0.7079951%
騫村埄鐜=鏈堝埄鐜嚸12=8.49594%
杞﹁捶鏈堜緵鐨勮＄畻鍏寮:A=P{i(1i)^n/[(1i)^n錛1]}
A:姣忔湀渚涙
P:渚涙炬婚噾棰
i:鏈堝埄鐜(騫村埄/12)
n:渚涙炬繪湀鏁(騫疵12)
杞﹁捶鍒╃巼璁＄畻鍣ㄧ殑鎿嶄綔姝ラゅ備笅錛
絎1姝ワ細鎸夌収鎻愮ず瑕佹眰璇峰傚疄鐨勫～鍐欎俊鎮錛屾湁涓嬫媺妗嗙殑鍔犱互閫夋嫨銆
絎2姝ワ細鎻愪氦鍚庢苯杞﹁捶嬈捐繕嬈鵑噾棰濆強鍒╂伅灝嗕細娓呮氱殑璁＄畻鍑烘潵銆
鍏朵腑錛岄渶瑕佸～鍐欑殑淇℃伅鍖呮嫭錛氬湴鍖恆佽捶嬈炬満鏋勭被鍒銆佽捶嬈炬満鏋勩佽捶嬈炬瘮渚嬨佽捶嬈炬湡闄愩佽捶嬈鵑噾棰濄佽捶嬈懼勾鍒╃巼銆佽繕嬈炬柟寮忋佸伩榪橀戠巼錛屾槸鍚︽樉紺鴻繕嬈炬槑緇嗐傚綋鎮ㄥ～鍐欏ソ浠ヤ笂淇℃伅鍚庯紝鐐瑰嚮璁＄畻鎸夐挳錛屽氨浼氬緱鍒版偍鎯寵佽＄畻鐨勭粨鏋溿
涓夈佸府蹇欒＄畻涓嬭喘杞﹁捶嬈劇殑鍒╃巼.
璐鋒100涓囧厓錛岀幇浠12涓囧厓錛岀浉褰撲簬瀹為檯璐鋒88涓囧厓錛屾瘡鏈堢瓑棰濊繕嬈懼厓鍦╡xcel鐢靛瓙琛ㄦ牸浠-25/9,88)
鍙寰楀埌鏈堝埄鐜囦負0.7079
騫村埄鐜=鏈堝埄鐜嚸12=8.49594%
鍙鏄鎴戦氳繃璐鋒捐℃暟鍣ㄥ緱鍒扮殑緇撴灉鏄:絳夐濇湰鎮,鍏變粯鍒╂伅:18020瀹為檯騫村埄鐜囷細13錛17錛呭疄闄呮湀鍒╃巼錛1錛097錛
鍥涖侀栦粯20%璐杞︽庝箞綆楀埄鎮錛
銆佽繖涓杞﹁捶鍒╃巼鐨勫氬皯錛屾槸娌℃湁涓涓紜鎬ц勫畾鐨勶紝閫氬父鎯呭喌涓嬶紝鍚勯摱琛岀殑杞﹁捶鍒╃巼鏄鎸夌収鍩哄噯鍒╃巼涓哄熀紜錛屽仛鍑轟竴瀹氱殑涓婃誕鎴栦笅嫻璋冩暣錛
2銆佽屽叾浠栬捶嬈炬満鏋勭殑杞﹁捶鍒╃巼錛屼篃鏄鍙傝冨熀鍑嗗埄鐜囪屽仛鍑轟竴瀹氬箙搴︾殑璋冩暣鐨勶紝閫氬父璋冩暣騫呭害涓10%鍒20%錛
3銆佸悓鏃墮摱琛岃捶嬈懼埄鎮鍜岄摱琛屾斂絳栵紝浠ュ強鎮ㄤ釜浜虹殑璧勮川鏈夊叧鐨勶紝涔熷氨鏄鎮ㄧ殑鎵撳崱宸ヨ祫錛岀ぞ淇濇垨鍏縐閲戱紝鏈鍗曚綅宸ヤ綔騫撮檺錛屽緛淇¤礋鍊虹瓑錛屼竴鑸璧勮川瓚婂ソ銆傞摱琛岃捶嬈劇殑鍒╂伅灝辮秺浣庛