20123


()
2,000 (,)

3
60

13.5%16.2%
3

 ()
8:45~1:45
8:45 ~1:30

23
7%
()
1)
2)
3)
4)
5)
6)

100.01
10500.05
501000.1
1005000.5
50010001
10005
4

()-1
23426

AIRTAC

()-2

15

24

()-3

KY

TPK

27

18

27

12

19

10

1.
78
1/41/5

vs vs

1.425

100/
78
6.4

1.425
8

6.35

()

104 ()

17878*2000*104=6
11

VS.VS.()

78

100

78.5

100

78

222

78.5

224

471

78

222

212

78.5

224

471

101

100

101.5

100

101

288

101.5

289

609

101

288

274

101.5

289

609

212
917
1129

216
1186
1460

:14
VS.VS.
=1 4 5
=1 56
(0.08)37.5
12

VS.()

78.5

100

78

100

78.5

224

126

21

471

78

222

101.5

100

212
1022

216

101

100

101.5

289

162

27

609

101

288

1321

:14
VS.
=1 4
=1 6
(0.08)37.5
13

VS.()

78.5

100

78

100

78.5

224

126

471

78

222

101.5

100

101

100

101.5

289

162

609

101

288

212
1043

216
1348

VS.()
=1 5
=1 6
(0.08)37.5

14

VS.VS.

101

100

101.5

100

101

288

101.5

289

609

101

288

274

289

609

101.5

216

+784

1186

-186

1460

-460

VS.VS.
0.5
784
186
460

15

2.
7
13161

50*2000=10

4(1)10*40%=4

2.5

9(2)10*90%=9

1.1

(3) 13.5%
50*2000*13.5%=1.35

7.4

14
291019

3
16

3.

1.
2.
3.

50100

()

17

4.

(12)
234

50
40

18

19


21

()
()
()
()
()
()

20


()

2,000(

2,000+2000

2,000+2,000

2,000

2000
21

()
()

1.
()
2.
= (S-D)/(1+m)
S
D
m
22

()
()

(2,000)

2,000

23


7/837
78
7/8

CDF ()

75(=78-3)

2,000

CDF x 2,000

x 2,000
6,000 (3x2,000)
6,000 (3x2,000)

CDF75
:[(75-78)x2,000]6,000=0
:[(78-75)x2,000]6,000=0
24


8/310.5
921
8/31

CNFCN1

CNF

20(=[21/(1+0.05)])

CN1

2,100

2,000

CN1 x 2,100

CNFx 2,000

x 2,100

x 2,000

CNF20
2,100
:212,000=42,000
:202,100=42,000
25


2/102,000100
16.34/32/10

CNFCN1

CNF

CN1

2,000 + 2,000

2,000

CN1x 2,000

CNFx 2,000

10123
= x 2,000+100*Max
[(-),0]
1016912
=x 2,000+100* Max
[(-),0]

x 2,000
=
60

26

()
CN1CNFCNF
CN1CNF

Max [(-),0]*2,000/2,000
(20.3-16.3)*100/2,000=0.2

Max[(-),0]*2,000/2,000
(18.3-16.3)*100/2,000=0.1

CN1
CN1+

2/9$19
12

2/14$20.2

($20.2-$19)*2,000 =2,400

2/15
$202/15$20.3

[($20-$19)*2,000] +[($20.3$16.3)*100]= 2,400

/
27


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