标题: Exponential vs. discrete discount factors [打印本页]

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作者: bchadwick    时间: 2011-7-11 19:37     标题: Exponential vs. discrete discount factors

Hi, does anybody know a systematic or rule when to use which method to discount future payments?

(a) 1.05^0.25 = 1.01227
(b) 1+(0.05/4) = 1.0125

Of course, the method chosen produces slightly different outputs.

Thanks in advance!

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