Chapter 24

# Chapter 24 - UN-17BT2c7%M25r6.0%Payments per...

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Unformatted text preview: UN-17BT2c7%M25r6.0%Payments per year4g1.256897 <-- =(c_/r_*(1-EXP(-r_*(M-T_)))+EXP(-r_*(M-T_)))/(c_/0.08*(1-EXP(-0.08*(M-T_)))+EXP(-0.08*(M-T_)))Duration--continuous time13.32712 <-- =(EXP(r_)*(-c_+c_*EXP(M*r_)-c_*M*r_+M*r_^2))/(r_*(-c_+c_*EXP(M*r_)+r_))Using Excel to automatically adjust the graph titlesCase2 <-- =IF(AND(r_<8%,c_<r_),1,IF(AND(r_<8%,c_>r_),2,IF(AND(r_>8%,c_>8%),3,4)))Graph titleCase 2: r = 0.06, max c = 0.07="Case "&B13&": "&" r = "&B5&", "&IF(B5<8%," max "," min ")&"c = "&B3=B7, but hiddenData TablegDuration=B9, but hiddenStep1.5151.18612610.1675516.51.19980110.76267=C22+\$B\$22181.21225111.3087419.51.22357411.81021211.23386412.2710422.51.24320712.69477241.25168713.0846225.51.25937713.44345271.26634913.7738928.51.27266714.07828301.27839114.3587831.51.28357514.61732331.28826914.855734.51.29251915.07552361.29636615.2782737.51.29984815.465315 16.518 19.521 22.524 25.527 28.530 31.533 34.536 37.50.20.40.60.811.21.42468101214Case 2: r = 0.06, max c = 0.07g Duration MaturitygDurationABCDEFGHIJKL1234567891011121314151617181920212223242526272829303132333435363738394041UN-17BT2c5%M25r6.0%Payments per year4g1.278584 <-- =(c_/r_*(1-EXP(-r_*(M-T_)))+EXP(-r_*(M-T_)))/(c_/0.08*(1-EXP(-0.08*(M-T_)))+EXP(-0.08*(M-T_)))Duration--continuous time14.29518 <-- =(EXP(r_)*(-c_+c_*EXP(M*r_)-c_*M*r_+M*r_^2))/(r_*(-c_+c_*EXP(M*r_)+r_))Using Excel to automatically adjust the graph titlesCase1 <-- =IF(AND(r_<8%,c_<r_),1,IF(AND(r_<8%,c_>r_),2,IF(AND(r_>8%,c_>8%),3,4)))Graph titleCase 1: r = 0.06, max c = 0.05="Case "&B13&": "&" r = "&B5&", "&IF(B5<8%," max "," min ")&"c = "&B3=B7, but hiddenData TablegDuration=B9, but hiddenStep1.5151.20089710.9100916.51.21628111.56402=C22+\$B\$22181.23021112.1596319.51.24277212.70148211.25405313.1938922.51.26414713.6408913....
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Chapter 24 - UN-17BT2c7%M25r6.0%Payments per...

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