Andreas42

我這樣計算,對嗎?

(R)(spending t-1)(1+Inflation t-1)+(1-R)(S)(market value t-1)

假設 smoothing rate 0.8, spending ($500,000),inflation 0.03 ,spending rate 0.05. market value $50M

0.8($500,000)(1+0.03)+(0.2)(0.05)($50M)
=$912000

$912000/$50M = 0.0182

另外假設今日是T0, 一年後今日是T1

請問t 和 t-1 指什麼?