                                     141

($1,03875  1,03875),      7,9%  .  -
    .

    7,75% ,  -
 (.. 7,75%/4 = 1,938%  ),     -
 7,978%  .       7,75% -
 (7,75%/12 = 0,646%  ),      8,031%.
  ,       -
  7,75%.          
  .       
(   7,75%),       ,   
  :

(     "

1+^   =1+'-,                                       (5.30)

      .

 ,        

7,75% :

^ 00775 Y^o^^ 1,079,
   :

^00775) ^d+0,01938)^ 1,07978

I    4 J

 ..       ,   () -
,       .

 ,      [1 + (//)]"   1',
  - ,  2,71828     .   
g0.o775 = 1,0806,      8,06%15.

        . 
   /-        F -
  t ,      :

'''=,.                                    (5.31)

   F ,     ?
      , :

^=4-                                        (5.32)

 ,  -      -
   ,    ^  
  :

d^=^,                                   (5.33)

        t,  
 (,  .F    2,5 ,  t = 2,5).