连续现金流连续复利的使用研究

Research on Continuous Compound Interest of Continuous Cash Flow

为了得到最贴近现实的计算方式,在资金价值理论的基础上,通过公式推导间断复利与连续复利之间的关系,再引入实例研究连续现金流连续复利计算的方法和特点,并分析其对资金时间价值的影响。结果表明,连续现金流连续复利计算模式的终值大于间断现金流间断复利,因此连续现金流连续复利模式的计算方式最贴近实际情况。同时说明,在投资过程中用连续现金流连续复利模式计算才能避免失误,其对社会的投资决策的方向指导起着重要的作用。

In order to obtain the calculation most close to the reality,the relationship between intermittent compound interest and continuous compound interest can be determined indirectly by equation,which is based on the time value theory. This investigation aims to figure out the methods of counting continuous compound interest,and its influence on the time value theory. The calculated results showed that the future value calculated by continuous compound interest cash flow is greater than intermittent compound interest cash flow. Therefore,the computing model of continuous compound interest cash flow is most close to the reality. Continuous compounding continuous cash flow model calculations can avoid mistakes in the investment process,which plays an important role in social investment decisions.