DCF Formulae for the Case of Simultaneous Random Variations of the Rates of Inflation and Return

할인율과 인플레율이 동시에 확율분포를 취할 경우의 DCF공식

This Paper represents time-dependent stochastic variations of common discounted cash flow formulae with explicit consideration given to inflation. The cash flow, the ratio of discounting or compounding, and the rate of inflation are allowed to vary with time in a random fashion in equations for the compound amount of a single payment, present worth of a single payment, amount of an annuity, periodic deposits to accumulate a future amounts, present worth of an annuity and capital recovery And all formulae are derived for the case of discrete random variations.