background image

n

r

P

I

=

F = P

(1+r

n),   

m

i

P

I

k

=

,   

F = P

(1+i

k

m) 

 

2

1

k

2

k

1

i

k

i

k

=

 

j

l

1

j

j

k

m

i

P

I

=

=

m

m

l

1

j

j

k

k

j

i

i

=

=

 

 

D

H

 = F

d

n, 

P = F

(1

d

n), 

n

r

1

r

d

+

=

n

d

1

d

r

=

r

1

d

1

n

=

n

r

P

D

H

=

 

 

F

F

P

...

F

F

P

F

F

P

P

n

n

2

2

1

1

+

+

+

=

F

F

D

...

F

F

D

F

F

D

D

n

Hn

2

H2

1

H1

H

+

+

+

=

 

 

F

F

d

...

F

F

d

F

F

d

d

n

n

2

2

1

1

+

+

+

=

P

P

r

...

P

P

r

P

P

r

r

n

n

2

2

1

1

+

+

+

=

 

 

)

n

d

(1

F

)

n

d

(1

F

2

2

1

1

=

 

 

m

k

)

i

(1

P

F

+

=

1]

)

i

[(1

P

I

m

k

+

=

n

r)

(1

P

F

+

=

1]

r)

[(1

P

I

n

+

=

 

 

k

k

i

k

r

=

k

n

k

k

r

1

P

F

+

=

n

r

c

e

P

F

=

1)

(e

P

I

n

r

c

=

 

 

k

k

k

)

i

(1

ρ

+

=

,  

r

1

ρ

1

+

=

 

c

r

c

e

ρ

=

1

ρ

r

k

ef

=

 

 

1

1

k

k

)

i

(1

+

2

2

k

k

)

i

(1

+

=

2

1

k

k

ρ

ρ

=

2

 

ef,

ef,1

r

r

=

 

 

1

1

m

k

m

)

i

(1

P

F

+

=

)

m

i

(1

F

F

2

k

m

1

+

=

=

+

=

m

1

j

j

k

)

i

(1

P

F

m

m

1

j

j

k

k

)

i

(1

i

1

=

+

=

+

 

 

=

+

=

+

m

1

j

j

inf

inf

)

i

(1

f

1

m

inf

inf

)

i

(1

f

1

+

=

+

1

f

1

i

m

inf

inf

+

=

 

 

)

i

)(1

i

(1

i

1

inf

real

nom

+

+

=

+

inf

inf

nom

real

i

1

i

i

i

+

=

 

 

0

t

t

0

r)

(1

)

K(t

K(t)

+

=

)

t

(t

r

0

0

c

e

)

K(t

K(t)

=

 

 

(t)

K

(t)

K

2

1

=

,  

2

1

t

2

2

t

1

1

r)

(1

)

(t

K

r)

(1

)

(t

K

+

=

+

2

c

1

c

t

r

2

2

t

r

1

1

e

)

(t

K

e

)

(t

K

=

 

 

=

=

m

1

j

j

(t)

K

K(t)

=

=

m

1

j

j

M

(t)

M

(t)

K

=

=

n

1

j

j

N

(t)

N

(t)

K

(t)

K

(t)

K

N

M

=