{"id":631,"date":"2021-03-25T14:42:31","date_gmt":"2021-03-25T14:42:31","guid":{"rendered":"http:\/\/falbang.com\/?p=631"},"modified":"2021-06-02T14:03:21","modified_gmt":"2021-06-02T06:03:21","slug":"%e4%bd%8e%e5%88%a9%e6%97%b6%e4%bb%a3%ef%bc%8c%e4%ba%ba%e4%ba%ba%e9%83%bd%e8%a6%81%e6%b8%85%e6%a5%9aapr%e4%b8%8eirr%e7%9a%84%e5%b7%ae%e5%88%ab%e5%88%b0%e5%ba%95%e6%9c%89%e5%a4%9a%e5%a4%a7","status":"publish","type":"post","link":"https:\/\/falbang.com\/?p=631","title":{"rendered":"\u4f4e\u5229\u65f6\u4ee3\uff0c\u4eba\u4eba\u90fd\u8981\u6e05\u695aAPR\u4e0eIRR\u7684\u5dee\u522b\u5230\u5e95\u6709\u591a\u5927"},"content":{"rendered":"\n<p>2020-08-20\u6700\u9ad8\u6cd5\u660e\u786e\u4ee5\u4e00\u5e74\u671f\u8d37\u6b3e\u5e02\u573a\u62a5\u4ef7\u5229\u7387\uff08LPR\uff09\u76844\u500d\u4e3a\u6807\u51c6\u786e\u5b9a\u6c11\u95f4\u501f\u8d37\u5229\u7387\u7684\u53f8\u6cd5\u4fdd\u62a4\u4e0a\u7ebf\u3002<\/p>\n\n\n\n<p><br>15.4%\u8fd9\u4e2a\u6570\u5b57\u7a81\u7136\u8fdb\u5165\u4e86\u5927\u5bb6\u7684\u89c6\u91ce\uff0c\u5f53\u7136\u8fd8\u6709APR\u548cIRR\u3002\u5230\u5e95\u662f\u54ea\u4e2a\u53e3\u5f84\u768415.4%\uff0c\u5f15\u8d77\u4e86\u5708\u5185\u4eba\u7684\u6fc0\u70c8\u8ba8\u8bba\u3002<\/p>\n\n\n\n<p><br>\u4eca\u5929\u6211\u4eec\u4e0d\u804a\u5230\u5e95\u54ea\u4e2a\u53e3\u5f84\u662f\u76d1\u7ba1\u7684\u610f\u4e2d\u4eba\uff0c\u6211\u4eec\u5148\u628aAPR\u548cIRR\u8fd9\u4e24\u4e2a\u53e3\u5f84\u7684\u8ba1\u7b97\u903b\u8f91\u548c\u533a\u522b\u8bb2\u6e05\u695a\uff0c\u4fbf\u4e8e\u5927\u5bb6\u53ef\u4ee5\u81ea\u884c\u9884\u6d4b\u540e\u7eed\u7684\u53d1\u5c55\u3002<\/p>\n\n\n\n<h2><br>\u4e00\u3001<strong>IRR\u8ba1\u7b97<\/strong><\/h2>\n\n\n\n<p><br>IRR\uff1a\u5185\u90e8\u6536\u76ca\u7387\uff08Internal Rate of Return\uff09<\/p>\n\n\n\n<p><br>\u5c31\u662f\u8d44\u91d1\u6d41\u5165\u73b0\u503c\u603b\u989d\u4e0e\u8d44\u91d1\u6d41\u51fa\u73b0\u503c\u603b\u989d\u76f8\u7b49\u3001\u51c0\u73b0\u503c\u7b49\u4e8e\u96f6\u65f6\u7684\u6298\u73b0\u7387\u3002\u5173\u952e\u662f\u8981\u8003\u8651\u73b0\u91d1\u6d41\u4e0e\u51c0\u73b0\u503c\u7684\u6298\u73b0\u3002<br><\/p>\n\n\n\n<p>\u8003\u8651\u73b0\u91d1\u6d41\u53ef\u4ee5\u7406\u89e3\u4e3a\u671f\u521d\u6211\u501f\u51fa\u4e86\u4e00\u7b14\u6b3e\uff0c\u520612\u671f\uff0c\u6b64\u65f6\u671f\u521d\u8d44\u91d1\u662f\u6d41\u51fa\u7684\uff0c\u4f46\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u6bcf\u4e2a\u6708\u6211\u90fd\u6709\u672c\u91d1\u548c\u5229\u606f\u7684\u56de\u6b3e\uff0c\u8fd9\u4e2a\u65f6\u5019\u6bcf\u4e2a\u6708\u6211\u4eec\u90fd\u6709\u8d44\u91d1\u7684\u6d41\u5165\u3002<\/p>\n\n\n\n<p><br>\u8d44\u91d1\u56de\u6d41\u7684\u8282\u594f\u4f1a\u5f71\u54cd\u6211\u624b\u4e0a\u53ef\u7528\u8d44\u91d1\u6c60\u7684\u5927\u5c0f\uff0c\u5982\u679c\u6211\u8d44\u91d1\u5145\u88d5\uff0c\u53ef\u4ee5\u8fdb\u884c\u53e6\u5916\u4e00\u9879\u6295\u8d44\u3002<br><\/p>\n\n\n\n<p>\u56e0\u4e3a\u6709\u901a\u8d27\u81a8\u80c0\uff0c\u6240\u4ee5\u4eca\u5e741W\u5927\u6d0b\u53ef\u8d2d\u4e70\u7684\u5b9e\u7269\uff0c5\u5e74\u540e\u53ef\u80fd\u53ea\u80fd\u4e70\u5230\u5176\u4e2d\u7684\u4e00\u90e8\u5206\u3002<\/p>\n\n\n\n<p><br>\u4e5f\u5c31\u610f\u5473\u7740\u6211\u4eec\u501f\u51fa\u53bb\u7684\u6b3e\uff0c\u6700\u540e\u56de\u6536\u4e4b\u540e\u9700\u8981\u6298\u7b97\u5230\u653e\u6b3e\u65f6\u7684\u73b0\u503c\uff0c\u624d\u80fd\u77e5\u9053\u6211\u4eec\u5230\u5e95\u6709\u6ca1\u6709\u8dd1\u8d62\u901a\u8d27\u81a8\u80c0\uff1f\u6216\u8005\u8bf4\u5feb\u4e86\u591a\u5c11\uff1f\u8fd9\u5c31\u662f\u51c0\u73b0\u503c\u7684\u6298\u73b0\u3002<\/p>\n\n\n\n<p><br>\u63a5\u4e0b\u6765\u6211\u4eec\u770b\u770b\u600e\u4e48\u8ba1\u7b97IRR\uff0c\u5176\u5b9eExcel\u4e2d\u6709\u73b0\u6210\u7684\u51fd\u6570\u53ef\u4ee5\u4f7f\u7528\u3002\u6211\u4eec\u5047\u8bbe\u4e00\u7b1412W\u7684\u501f\u6b3e\uff0c\u520612\u671f\uff0c\u4ee5\u7b49\u989d\u672c\u606f\u7684\u65b9\u5f0f\u8fdb\u884c\u8fd8\u6b3e\uff0c\u4ee5IRR=15.4%\u6765\u8ba1\u7b97\uff1a<\/p>\n\n\n\n<p><br><strong>Step1:\u8ba1\u7b97\u6708\u5ea6\u8d39\u7387<br><\/strong>IRR\uff08\u5e74\u5316\uff09=15.4%<br>IRR\uff08\u6708\uff09=15.4%\/12=1.283%<\/p>\n\n\n\n<p><br><strong>Step2:\u8ba1\u7b97\u6708\u5ea6\u8fd8\u6b3e\u8ba1\u5212<br><\/strong><\/p>\n\n\n\n<p>\u56e0\u4e3a\u9700\u8981\u8ba1\u7b97\u73b0\u91d1\u6d41\uff0c\u6240\u4ee5\u6211\u4eec\u9700\u8981\u8ba1\u7b97\u51fa\u6bcf\u6708\u7684\u8fd8\u6b3e\u91d1\u989d\u3002\u8fd9\u91cc\u63a8\u8350\u5927\u5bb6\u4e24\u4e2a\u8ba1\u7b97\u7b49\u989d\u672c\u606f\u8fd8\u6b3e\u8ba1\u5212\u7684Excel\u5185\u7f6e\u51fd\u6570\uff1a<\/p>\n\n\n\n<p>PPMT\uff08\u6708\u5229\u7387\uff0c\u671f\u6570\uff0c\u603b\u671f\u9650\uff0c\u8d37\u6b3e\u672c\u91d1\uff09\uff1a\u8ba1\u7b97\u6708\u8fd8\u6b3e\u672c\u91d1<br>IPMT\uff08\u6708\u5229\u7387\uff0c\u671f\u6570\uff0c\u603b\u671f\u9650\uff0c-\u8d37\u6b3e\u672c\u91d1\uff09\uff1a\u8ba1\u7b97\u6708\u8fd8\u6b3e\u5229\u606f<\/p>\n\n\n\n<p><br>\u7136\u540e\u6211\u4eec\u518d\u8ba1\u7b97\u00a0\u6708\u8fd8\u6b3e\u989d=\u6708\u8fd8\u6b3e\u672c\u91d1+\u6708\u8fd8\u6b3e\u5229\u606f\uff0c\u7ed3\u679c\u5982\u4e0b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"372\" height=\"304\" src=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/1-4.jpg\" alt=\"\" class=\"wp-image-887\" srcset=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/1-4.jpg 372w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/1-4-300x245.jpg 300w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/1-4-200x163.jpg 200w\" sizes=\"(max-width: 372px) 100vw, 372px\" \/><\/figure>\n\n\n\n<p><strong>Step3:\u8ba1\u7b97IRR<\/strong><\/p>\n\n\n\n<p>\u8fd9\u91cc\u76f4\u63a5\u4f7f\u7528Excel\u7684\u5185\u7f6e\u51fd\u6570IRR\uff08\uff09\u5c31\u53ef\u4ee5\u4e86\uff0c\u7ed3\u679c\u5982\u4e0b\uff1a<br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/2-4.jpg\" alt=\"\" class=\"wp-image-888\" width=\"459\" height=\"288\" srcset=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/2-4.jpg 448w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/2-4-300x188.jpg 300w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/2-4-200x125.jpg 200w\" sizes=\"(max-width: 459px) 100vw, 459px\" \/><\/figure>\n\n\n\n<p><br>IRR\u5e74\u5316=\uff08\u73b0\u91d1\u6d41\u8303\u56f4\uff09*12<\/p>\n\n\n\n<p><br>\u8fd9\u91cc\u8981\u6ce8\u610f\u4ee5\u4e0b\u51e0\u70b9\uff1a<\/p>\n\n\n\n<ol><li>IRR\uff08\uff09\u51fd\u6570\u8981\u628a\u671f\u6570\u4ece0-12\u5bf9\u5e94\u7684\u73b0\u91d1\u6d41\u5355\u5143\u683c\u5168\u90e8\u8ba1\u7b97\u8fdb\u6765<\/li><li>IRR\u5e74\u5316\/12 \u5c31\u5f97\u5230IRR\u6708\u5ea6\u8d39\u7387<\/li><li>\u5982\u679c\u5df2\u6709\u4e86\u6708\u5ea6\u8fd8\u6b3e\u989d\u5c31\u53ef\u4ee5\u76f4\u63a5\u53cd\u63a8IRR\uff08\u5e74\u5316\uff09<\/li><\/ol>\n\n\n\n<p>\u6211\u4eec\u540c\u6b65\u4e5f\u8ba1\u7b97\u4e86\u4e0b\u6b64\u65f6APR\u7684\u5e74\u5316\uff0c\u76f8\u6bd4IRR\u5e74\u5316\u8981\u5c0f\u4e86\u5f88\u591a\uff0c\u53ef\u89c1\u4e24\u79cd\u53e3\u5f84\u5dee\u5f02\u8fd8\u662f\u5f88\u5927\u7684\u3002<\/p>\n\n\n\n<p><br>\u5982\u679cIRR\uff08\u5e74\u5316\uff09=15.4%\uff0c\u90a3\u4e48APR\uff08\u5e74\u5316\uff09=8.534%<\/p>\n\n\n\n<h2><br>\u4e8c\u3001<strong>APR\u8ba1\u7b97<\/strong><\/h2>\n\n\n\n<p><br>APR\uff1a\u5e74\u5ea6\u5229\u7387\uff08Annual Percentage Rate\uff09<\/p>\n\n\n\n<p><br>\u53ef\u4ee5\u7684\u76f4\u89c2\u7684\u7406\u89e3\u4e3a\uff0c\u6211\u501f\u4e86\u4e00\u7b14\u6b3e\uff0c\u6700\u7ec8\u6211\u80fd\u6536\u5230\u591a\u5c11\u7684\u5229\u606f\uff0c\u7528\u8fd9\u4e2a\u5229\u606f\u9664\u4ee5\u6211\u7684\u501f\u6b3e\u672c\u91d1\u5c31\u5f97\u5230\u4e86APR\u7684\u5229\u7387\u3002<\/p>\n\n\n\n<p><br>\u8fd9\u4e2a\u53e3\u5f84\u7684\u4f18\u52bf\u662f\u4fbf\u4e8e\u7406\u89e3\uff0c\u8ba1\u7b97\u65b9\u5f0f\u7b80\u5355\u7c97\u66b4\uff0c\u80fd\u8ba9\u5ba2\u6237\u5f88\u5feb\u7684\u4e86\u89e3\u5230\u4ed6\u6700\u7ec8\u9700\u8981\u652f\u4ed8\u591a\u5c11\u5229\u606f\u3002<\/p>\n\n\n\n<p><br>\u63a5\u4e0b\u6765\u6211\u4eec\u770b\u770b\u600e\u4e48\u8ba1\u7b97APR\u3002\u6211\u4eec\u540c\u6837\u5047\u8bbe\u4e00\u7b1412W\u7684\u501f\u6b3e\uff0c\u520612\u671f\uff0c\u4ee5APR=15.4%\u6765\u8ba1\u7b97\uff1a<\/p>\n\n\n\n<p><br><strong>Step1:\u8ba1\u7b97\u6708\u5ea6\u8d39\u7387<br><\/strong>APR\uff08\u5e74\u5316\uff09=15.4%<br>APR\uff08\u6708\uff09=15.4%\/12=1.283%<\/p>\n\n\n\n<p><br><strong>Step2:\u8ba1\u7b97\u6708\u5ea6\u8fd8\u6b3e\u8ba1\u5212<br><\/strong>\u6708\u8fd8\u6b3e\u672c\u91d1=\u8d37\u6b3e\u672c\u91d1\/12\u6708\u8fd8\u6b3e\u5229\u606f=\u8d37\u6b3e\u672c\u91d1* APR\uff08\u6708\uff09\u6708\u8fd8\u6b3e\u989d=\u6708\u8fd8\u6b3e\u672c\u91d1+\u6708\u8fd8\u6b3e\u5229\u606f\uff0c\u7ed3\u679c\u5982\u4e0b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"444\" height=\"347\" src=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/4-4.jpg\" alt=\"\" class=\"wp-image-889\" srcset=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/4-4.jpg 444w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/4-4-300x234.jpg 300w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/4-4-200x156.jpg 200w\" sizes=\"(max-width: 444px) 100vw, 444px\" \/><\/figure>\n\n\n\n<p><br><strong>Step3:\u8ba1\u7b97APR<\/strong><br>APR\uff08\u5e74\u5316\uff09=\u5408\u8ba1\u603b\u5229\u606f\/\u8d37\u6b3e\u672c\u91d1<br>APR\uff08\u6708\uff09= APR\uff08\u5e74\u5316\uff09\/12<br>\u540c\u65f6\u6211\u4eec\u4e5f\u8ba1\u7b97\u4e0b\u6b64\u65f6\u7684IRR\uff0c\u7ed3\u679c\u5982\u4e0b\uff1a\u00a0<br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"642\" src=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1-1024x642.jpg\" alt=\"\" class=\"wp-image-890\" srcset=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1-1024x642.jpg 1024w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1-300x188.jpg 300w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1-768x481.jpg 768w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1-200x125.jpg 200w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/06\/8-1.jpg 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u5176\u5b9eAPR\u7684\u8ba1\u7b97\u4e0d\u9700\u8981\u8ba1\u7b97\u6708\u8fd8\u6b3e\u989d\uff0c\u6211\u4eec\u8fd9\u91cc\u8ba1\u7b97\u662f\u60f3\u8ba9\u5927\u5bb6\u66f4\u76f4\u89c2\u7684\u5bf9\u6bd4APR\u548cIRR\u7684\u5dee\u5f02\u3002<\/p>\n\n\n\n<p><br>\u8ba1\u7b97\u540e\u53d1\u73b0\uff0c\u5982\u679cAPR\uff08\u5e74\u5316\uff09=15.4%\uff0c\u90a3\u4e48IRR\uff08\u5e74\u5316\uff09=27.299%\u3002<\/p>\n\n\n\n<p><br>\u4e0d\u7ba1\u6700\u7ec8\u662f\u54ea\u79cd\u53e3\u5f84\u7684\u8d39\u7387\uff0c\u6211\u4e2a\u4eba\u90fd\u5e0c\u671b\u76d1\u7ba1\u673a\u6784\u80fd\u5c3d\u5feb\u68b3\u7406\u5404\u5c42\u7ea7\u673a\u6784\u7684\u5229\u7387\u68af\u5ea6\u3002<\/p>\n\n\n\n<p><br>\u5e76\u660e\u786e\u6b64\u6b21\u8c03\u6574\u7684\u65b9\u5411\uff0c\u5f15\u5bfc\u5e02\u573a\u6709\u5e8f\u7684\u671d\u5065\u5eb7\u7684\u65b9\u5411\u53d1\u5c55\uff1b\u540c\u65f6\u5404\u673a\u6784\u4e5f\u8981\u505a\u597d\u9488\u5bf9\u4e25\u683c\u53e3\u5f84\u7684\u5e94\u5bf9\u65b9\u6848\uff0c\u51db\u51ac\u5c06\u81f3\uff01<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"900\" height=\"383\" src=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/04\/\u6d4b\u8bd51.png\" alt=\"\" class=\"wp-image-725\" srcset=\"https:\/\/falbang.com\/wp-content\/uploads\/2021\/04\/\u6d4b\u8bd51.png 900w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/04\/\u6d4b\u8bd51-300x128.png 300w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/04\/\u6d4b\u8bd51-768x327.png 768w, https:\/\/falbang.com\/wp-content\/uploads\/2021\/04\/\u6d4b\u8bd51-200x85.png 200w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>2020-08-20\u6700\u9ad8\u6cd5\u660e\u786e\u4ee5\u4e00\u5e74\u671f\u8d37\u6b3e\u5e02\u573a\u62a5\u4ef7\u5229\u7387\uff08LPR\uff09\u76844\u500d\u4e3a\u6807\u51c6\u786e\u5b9a\u6c11\u95f4\u501f\u8d37\u5229\u7387\u7684\u53f8\u6cd5\u4fdd\u62a4\u4e0a\u7ebf\u3002  &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/falbang.com\/?p=631\" 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