Operation Manual

4: Veranschaulichung finanzmathematischer Probleme 49
Zeitintervalle und Cashflows
1HEHQGHU9RU]HLFKHQNRQYHQWLRQIU&DVKIORZVDEIOLHHQGH%HWUlJH
ZHUGHQQHJDWLY]XIOLHHQGH%HWUlJHGDJHJHQSRVLWLYGDUJHVWHOOWVLQG
ZHLWHUH.RQYHQWLRQHQ]XEHUFNVLFKWLJHQ
'LH/lQJHHLQHV=HLWLQWHUYDOOVLVWLPPHUJOHLFK,QGHU5HJHOZLUGGHU
0RQDWDOV,QWHUYDOOJU|HYHUZHQGHWHVN|QQHQMHGRFKDXFK7DJHV
4XDUWDOVXQG-DKUHVLQWHUYDOOHDXIWUHWHQ'LH=HLWLVWQRUPDOHUZHLVH
LP.UHGLWYHUWUDJIHVWJHOHJW'LH=HLWDQJDEHLVWHLQH9RUDXVVHW]XQJ
XPPLWGHU%HUHFKQXQJEHUKDXSWEHJLQQHQ]XN|QQHQ
8PHLQ)LQDQ]SUREOHPPLWGHP+3 %,,]XO|VHQPVVHQDOOH
&DVKIORZVHQWZHGHU]X%HJLQQRGHUDP(QGHHLQHU3HULRGH
DXIWUHWHQ
:HUGHQPHKUHUH=DKOXQJHQ]XPJOHLFKHQ=HLWSXQNWJHOHLVWHWGDQQ
ZHUGHQGLHVHDGGLHUWVXEWUDKLHUW7ULWW]%HLQQHJDWLYHU&DVKIORZ
YRQ XQGHLQSRVLWLYHU&DVKIORZYRQ ]XPJOHLFKHQ
=HLWSXQNWLP&DVKIORZ'LDJUDPPDXIVRZLUGHLQ&DVKIORZYRQ
HUIDVVW 
(LQH]XOlVVLJH&DVKIORZ7UDQVDNWLRQPXVVZHQLJVWHQVHLQHQ
QHJDWLYHQXQGHLQHQSRVLWLYHQ&DVKIORZDXIZHLVHQ
Einfacher Zins und Zinseszins
)LQDQ]PDWKHPDWLVFKH%HUHFKQXQJHQEDVLHUHQDXIGHU7DWVDFKHGDVV
DXVJHOLHKHQHV.DSLWDOLPDOOJHPHLQHQYHU]LQVWZLUG'LH=LQVEHUHFKQXQJ
OlVVWVLFKLQ]ZHL.DWHJRULHQHLQWHLOHQ(LQIDFKHU=LQVXQG=LQVHV]LQV
/HW]WHUHUZLUGKlXILJHUYHUZHQGHWXQGELOGHWGLH%DVLVIU$QQXLWlWHQ
XQG&DVKIORZ%HUHFKQXQJHQ
Einfache Zinsberechnung
%HL9HUWUlJHQPLWHLQIDFKHP=LQVVDW]ZLUGGHU=LQVVDW]DOV3UR]HQWVDW]
GHV.DSLWDOVEHUHFKQHW=LQVXQG7LOJXQJV]DKOXQJHQVLQGEHL
9HUWUDJVHQGHIlOOLJ%HLVSLHO6LHOHLKHQHLQHP)UHXQG IUHLQ-DKU
XQGYHUHLQEDUHQHLQHQHLQIDFKHQ=LQVVDW]YRQ 1DFK$EODXIGHV
-DKUHVVFKXOGHW,KQHQ,KU)UHXQG  YRQLVW'LHVH
HLQIDFKH=LQVEHUHFKQXQJN|QQHQ6LHOHLFKWXQWHU9HUZHQGXQJGHU7DVWH
O|VHQ(LQ%HLVSLHOGD]XILQGHQ6LHDXI6HLWH 
CHAPT_4.FM Page 49 Sunday, June 25, 2000 2:56 PM