{"id":10776,"date":"2026-09-19T23:59:38","date_gmt":"2026-09-19T14:59:38","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-cf-09\/"},"modified":"2026-09-20T10:40:15","modified_gmt":"2026-09-20T01:40:15","slug":"g2-cf-09","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-cf-09\/","title":{"rendered":"\u8cc7\u672c\u5236\u7d04\u3068\u76f8\u4e92\u6392\u4ed6\u7684\u6295\u8cc7\u3068\u306f\uff1f\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u308b\u30dd\u30a4\u30f3\u30c8\uff5c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9"},"content":{"rendered":"<style>.cma-tbl{margin:1.2em 0 1.6em;overflow-x:auto;-webkit-overflow-scrolling:touch;border-radius:8px;box-shadow:0 1px 4px rgba(34,0,94,.12);}.cma-tbl 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class=\"cma-answer-title\">\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/p>\n<ul>\n<li>\u8907\u6570\u306e\u6295\u8cc7\u6848\u4ef6\u3092\u6bd4\u3079\u308b\u3068\u304d\u306e\u57fa\u672c\u306f\u3001<strong>\u4f01\u696d\u4fa1\u5024\u3092\u6700\u3082\u9ad8\u3081\u308b\uff08NPV\u306e\u5408\u8a08\u304c\u6700\u5927\u306b\u306a\u308b\uff09\u7d44\u307f\u5408\u308f\u305b<\/strong>\u3092\u9078\u3076\u3053\u3068\u3067\u3059\u3002<\/li>\n<li>\u8cc7\u91d1\u306b\u5236\u7d04\u304c\u3042\u308b\u5834\u5408\uff08<strong>\u8cc7\u672c\u5236\u7d04<\/strong>\uff09\u306f\u3001<strong>\u53ce\u76ca\u6027\u6307\u6570\uff08PI\uff09<\/strong>\u3092\u76ee\u5b89\u306b\u3057\u3064\u3064\u3001\u4e88\u7b97\u5185\u3067NPV\u5408\u8a08\u304c\u6700\u5927\u306b\u306a\u308b\u7d44\u307f\u5408\u308f\u305b\u3092\u63a2\u3057\u307e\u3059\u3002<\/li>\n<li>\u3069\u3061\u3089\u304b\u4e00\u65b9\u3057\u304b\u9078\u3079\u306a\u3044<strong>\u76f8\u4e92\u6392\u4ed6\u7684\u6295\u8cc7<\/strong>\u3067\u306fIRR\u3067\u306f\u306a\u304f<strong>NPV<\/strong>\u3067\u5224\u65ad\u3057\u3001<strong>\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u6848\u4ef6<\/strong>\u306f<strong>\u7b49\u4fa1\u5e74\u4fa1\uff08EAA\uff09<\/strong>\u306a\u3069\u3067\u6bd4\u3079\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u300c\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u300d\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306e\u3072\u3068\u3064\u300c\u8907\u6570\u306e\u6295\u8cc7\u4e8b\u696d\u306e\u610f\u601d\u6c7a\u5b9a\u300d\u306b\u3064\u3044\u3066\u3001\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<div class=\"cma-tbl kv\">\n<table>\n<tbody>\n<tr>\n<th>\u5206\u91ce<\/th>\n<td>2\u6b21 \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3068\u4f01\u696d\u5206\u6790\uff0f\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9<\/td>\n<\/tr>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<td>(4) \u6295\u8cc7\u306e\u610f\u601d\u6c7a\u5b9a<\/td>\n<\/tr>\n<tr>\n<th>\u5354\u4f1a\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<td>\u8907\u6570\u306e\u6295\u8cc7\u4e8b\u696d\u306b\u304b\u304b\u308b\u610f\u601d\u6c7a\u5b9a\u65b9\u6cd5\u306b\u3064\u3044\u3066\u7406\u89e3\u3059\u308b\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u8cc7\u672c\u5236\u7d04\u3068\u76f8\u4e92\u6392\u4ed6\u7684\u6295\u8cc7\u3068\u306f<\/h2>\n<p>1\u3064\u306e\u6295\u8cc7\u6848\u4ef6\u3060\u3051\u3092\u8a55\u4fa1\u3059\u308b\u306a\u3089\u3001NPV\u304c\u30d7\u30e9\u30b9\u3067\u3042\u308c\u3070\u63a1\u629e\u3059\u308b\u3068\u3044\u3046\u30eb\u30fc\u30eb\u3067\u5341\u5206\u3067\u3059\u3002\u3057\u304b\u3057\u5b9f\u969b\u306b\u306f\u3001\u8907\u6570\u306e\u6848\u4ef6\u3092\u540c\u6642\u306b\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u307b\u3068\u3093\u3069\u3067\u3001\u300c\u4e88\u7b97\u304c\u8db3\u308a\u306a\u3044\u300d\u300c\u540c\u3058\u571f\u5730\u306b\u306f\u3069\u3061\u3089\u304b\u4e00\u65b9\u3057\u304b\u5efa\u3066\u3089\u308c\u306a\u3044\u300d\u300c\u8a2d\u5099\u306e\u5bff\u547d\u304c\u9055\u3046\u300d\u3068\u3044\u3063\u305f\u6761\u4ef6\u304c\u3064\u304d\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u5834\u9762\u3067\u3082\u3001\u5224\u65ad\u306e\u57fa\u6e96\u306f\u3042\u304f\u307e\u3067\u4f01\u696d\u4fa1\u5024\u306e\u5897\u52a0\u3001\u3064\u307e\u308aNPV\u306e\u5408\u8a08\u3067\u3059\u3002<\/p>\n<h3>\u8cc7\u672c\u5236\u7d04\u304c\u3042\u308b\u5834\u5408<\/h3>\n<p>\u6295\u8cc7\u306b\u4f7f\u3048\u308b\u8cc7\u91d1\u306b\u4e0a\u9650\u304c\u3042\u308b\u72b6\u614b\u3092<strong>\u8cc7\u672c\u5236\u7d04\uff08\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30e9\u30b7\u30e7\u30cb\u30f3\u30b0\uff09<\/strong>\u3068\u3044\u3044\u307e\u3059\u3002\u3053\u306e\u3068\u304d\u306f\u3001\u6295\u8cc7\u984d1\u5358\u4f4d\u3042\u305f\u308a\u306e\u4fa1\u5024\u3092\u793a\u3059<strong>\u53ce\u76ca\u6027\u6307\u6570\uff08PI\uff09<\/strong>\u306e\u9ad8\u3044\u9806\u306b\u63a1\u629e\u3057\u3066\u3044\u304f\u306e\u304c\u4e00\u3064\u306e\u76ee\u5b89\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u6848\u4ef6\u3092\u9014\u4e2d\u3067\u5206\u5272\u3067\u304d\u306a\u3044\u5834\u5408\u306f\u3001PI\u306e\u9806\u306b\u4e26\u3079\u308b\u3060\u3051\u3067\u306f\u4e88\u7b97\u3092\u4f7f\u3044\u5207\u308c\u305a\u3001NPV\u5408\u8a08\u304c\u6700\u5927\u306b\u306a\u3089\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u5834\u5408\u306f\u3001\u4e88\u7b97\u5185\u306e\u7d44\u307f\u5408\u308f\u305b\u3092\u6bd4\u3079\u3066NPV\u5408\u8a08\u304c\u6700\u5927\u306e\u3082\u306e\u3092\u9078\u3073\u307e\u3059\u3002<\/p>\n<h3>\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848\u4ef6\u306e\u5834\u5408<\/h3>\n<p>\u3069\u3061\u3089\u304b\u4e00\u65b9\u3057\u304b\u9078\u3079\u306a\u3044\u6848\u4ef6\u3067\u306f\u3001<strong>NPV\u3068IRR\u306e\u9806\u4f4d\u304c\u98df\u3044\u9055\u3046<\/strong>\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u539f\u56e0\u306f\u3001\u6295\u8cc7\u898f\u6a21\u306e\u9055\u3044\u3084\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u767a\u751f\u6642\u671f\u306e\u9055\u3044\u3067\u3059\u3002IRR\u306f\u300c\u7387\u300d\u306a\u306e\u3067\u898f\u6a21\u3092\u53cd\u6620\u3067\u304d\u305a\u3001\u307e\u305f\u9014\u4e2d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092IRR\u3067\u518d\u6295\u8cc7\u3059\u308b\u3068\u3044\u3046\u6697\u9ed9\u306e\u524d\u63d0\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u4f01\u696d\u4fa1\u5024\u306e\u5897\u52a0\u984d\u3092\u76f4\u63a5\u793a\u3059\u306e\u306fNPV\u306a\u306e\u3067\u3001\u9806\u4f4d\u304c\u98df\u3044\u9055\u3063\u305f\u3089NPV\u3092\u512a\u5148\u3057\u307e\u3059\u3002IRR\u3067\u78ba\u8a8d\u3057\u305f\u3044\u5834\u5408\u306f\u30012\u6848\u306e\u5dee\u984d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306eIRR\uff08\u5897\u5206IRR\uff09\u304c\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u304b\u3092\u898b\u307e\u3059\u3002<\/p>\n<h3>\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u6848\u4ef6\u306e\u5834\u5408<\/h3>\n<p>\u540c\u3058\u76ee\u7684\u306e\u8a2d\u5099\u3067\u3082\u3001\u5bff\u547d\u304c2\u5e74\u306e\u3082\u306e\u30683\u5e74\u306e\u3082\u306e\u3092NPV\u3060\u3051\u3067\u6bd4\u3079\u308b\u306e\u306f\u516c\u5e73\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5bff\u547d\u304c\u9577\u3044\u307b\u3046\u304c\u3001\u305d\u306e\u5206\u591a\u304f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u542b\u3080\u304b\u3089\u3067\u3059\u3002\u3053\u306e\u305f\u3081\u3001\u540c\u3058\u6295\u8cc7\u3092\u7e70\u308a\u8fd4\u3059\u3068\u4eee\u5b9a\u3057\u3066\u671f\u9593\u3092\u305d\u308d\u3048\u308b<strong>\u53cd\u5fa9\u6295\u8cc7\u6cd5\uff08\u6700\u5c0f\u516c\u500d\u6570\u6cd5\uff09<\/strong>\u3084\u3001NPV\u3092\u6bce\u5e74\u306e\u5747\u7b49\u984d\u306b\u76f4\u3057\u305f<strong>\u7b49\u4fa1\u5e74\u4fa1\uff08EAA\uff09<\/strong>\u3067\u6bd4\u3079\u307e\u3059\u3002<\/p>\n<h2>\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u516c\u5f0f<\/h2>\n<div class=\"cma-formula\">PI \uff1d \u5c06\u6765CF\u306e\u73fe\u5728\u4fa1\u5024 \u00f7 \u521d\u671f\u6295\u8cc7\u984d \uff1d 1 \uff0b NPV \u00f7 \u521d\u671f\u6295\u8cc7\u984d<small>PI\uff1e1\u306a\u3089NPV\uff1e0<\/small><\/div>\n<div class=\"cma-formula\">EAA \uff1d NPV \u00f7 \u5e74\u91d1\u73fe\u4fa1\u4fc2\u6570\uff08r, n\uff09<small>\u5e74\u91d1\u73fe\u4fa1\u4fc2\u6570 \uff1d &#91;1 \u2212 (1\uff0br)<sup>\u2212n<\/sup>] \u00f7 r<\/small><\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u8a18\u53f7<\/th>\n<th>\u610f\u5473<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>PI<\/td>\n<td>\u53ce\u76ca\u6027\u6307\u6570\uff08\u30d7\u30ed\u30d5\u30a3\u30bf\u30d3\u30ea\u30c6\u30a3\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff09<\/td>\n<\/tr>\n<tr>\n<td>EAA<\/td>\n<td>\u7b49\u4fa1\u5e74\u4fa1\uff08NPV\u3092\u6bce\u5e74\u306e\u5747\u7b49\u984d\u306b\u63db\u7b97\u3057\u305f\u3082\u306e\uff09<\/td>\n<\/tr>\n<tr>\n<td>r<\/td>\n<td>\u8cc7\u672c\u30b3\u30b9\u30c8\uff08\u5272\u5f15\u7387\uff09<\/td>\n<\/tr>\n<tr>\n<td>n<\/td>\n<td>\u8010\u7528\u5e74\u6570<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<h3>\u4f8b1\uff1a\u4e88\u7b971,000\u306e\u8cc7\u672c\u5236\u7d04<\/h3>\n<div class=\"cma-tbl three\">\n<table>\n<thead>\n<tr>\n<th>\u6848\u4ef6<\/th>\n<th>\u6295\u8cc7\u984d<\/th>\n<th>NPV<\/th>\n<th>PI<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-label=\"\u6848\u4ef6\">A<\/td>\n<td data-label=\"\u6295\u8cc7\u984d\">600<\/td>\n<td data-label=\"NPV\">180<\/td>\n<td data-label=\"PI\">1.30<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u6848\u4ef6\">B<\/td>\n<td data-label=\"\u6295\u8cc7\u984d\">400<\/td>\n<td data-label=\"NPV\">140<\/td>\n<td data-label=\"PI\">1.35<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u6848\u4ef6\">C<\/td>\n<td data-label=\"\u6295\u8cc7\u984d\">500<\/td>\n<td data-label=\"NPV\">160<\/td>\n<td data-label=\"PI\">1.32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>PI\u306e\u9ad8\u3044\u9806\u306bB\u3068C\u3092\u9078\u3076\u3068\u3001\u6295\u8cc7\u984d900\u3067NPV\u5408\u8a08\u306f300\u3067\u3059\u3002\u6b8b\u308a100\u3067\u306fA\u3092\u5b9f\u884c\u3067\u304d\u307e\u305b\u3093\u3002\u4e00\u65b9\u3001A\u3068B\u306e\u7d44\u307f\u5408\u308f\u305b\u306a\u3089\u6295\u8cc7\u984d1,000\u3061\u3087\u3046\u3069\u3067NPV\u5408\u8a08\u306f<strong>320<\/strong>\u3068\u306a\u308a\u3001\u3053\u3061\u3089\u304c\u6700\u9069\u3067\u3059\u3002\u5206\u5272\u3067\u304d\u306a\u3044\u6848\u4ef6\u3067\u306f\u3001\u7d44\u307f\u5408\u308f\u305b\u306e\u6bd4\u8f03\u304c\u5fc5\u8981\u306a\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<h3>\u4f8b2\uff1a\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u8a2d\u5099\uff08\u8cc7\u672c\u30b3\u30b9\u30c88\uff05\uff09<\/h3>\n<ol>\n<li>\u8a2d\u5099X\uff1a\u5bff\u547d2\u5e74\u3001NPV100 \u2192 EAA \uff1d 100 \u00f7 1.7833 \u2252 <strong>56.08<\/strong><\/li>\n<li>\u8a2d\u5099Y\uff1a\u5bff\u547d3\u5e74\u3001NPV140 \u2192 EAA \uff1d 140 \u00f7 2.5771 \u2252 <strong>54.32<\/strong><\/li>\n<\/ol>\n<p>NPV\u3060\u3051\u898b\u308b\u3068Y\u304c\u5927\u304d\u304f\u898b\u3048\u307e\u3059\u304c\u3001\u6bce\u5e74\u306e\u5747\u7b49\u984d\u306b\u76f4\u3059\u3068X\u304c\u4e0a\u56de\u308a\u307e\u3059\u3002\u7e70\u308a\u8fd4\u3057\u66f4\u65b0\u3059\u308b\u524d\u63d0\u306a\u3089\u3001X\u3092\u9078\u3076\u306e\u304c\u5408\u7406\u7684\u3067\u3059\u3002<\/p>\n<div class=\"cma-exam\">\n<p class=\"cma-exam-title\">\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li>\u76f8\u4e92\u6392\u4ed6\u7684\u6295\u8cc7\u3067<strong>NPV\u3068IRR\u306e\u9806\u4f4d\u304c\u98df\u3044\u9055\u3046\u539f\u56e0<\/strong>\uff08\u898f\u6a21\u306e\u9055\u3044\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6642\u671f\u306e\u9055\u3044\uff09\u3068\u3001NPV\u3092\u512a\u5148\u3059\u308b\u7406\u7531\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u8cc7\u672c\u5236\u7d04\u4e0b\u3067\u306e<strong>PI\u306e\u4f7f\u3044\u65b9<\/strong>\u3068\u3001\u6848\u4ef6\u304c\u5206\u5272\u3067\u304d\u306a\u3044\u5834\u5408\u306fPI\u9806\u3067\u306f\u6700\u9069\u306b\u306a\u3089\u306a\u3044\u3053\u3068\u304c\u3042\u308b\u3068\u3044\u3046\u6ce8\u610f\u70b9\u3092\u62bc\u3055\u3048\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u6848\u4ef6\u306f<strong>EAA<\/strong>\u3084\u53cd\u5fa9\u6295\u8cc7\u6cd5\u3067\u6bd4\u3079\u308b\u70b9\u3001\u5e74\u91d1\u73fe\u4fa1\u4fc2\u6570\u306e\u8a08\u7b97\u304c\u72d9\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li><strong>\u5897\u5206IRR<\/strong>\uff08\u5dee\u984d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306eIRR\uff09\u306b\u3088\u308b\u5224\u65ad\u3082\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u8a18\u8ff0\u5f0f\u3067\u306f\u3001\u8907\u6570\u6848\u4ef6\u306e\u30c7\u30fc\u30bf\u304b\u3089\u63a1\u629e\u3059\u3079\u304d\u7d44\u307f\u5408\u308f\u305b\u3092\u6c42\u3081\u3055\u305b\u3001<strong>\u8a08\u7b97\u904e\u7a0b\u3068\u5224\u65ad\u7406\u7531<\/strong>\u3092\u8aac\u660e\u3055\u305b\u308b\u5f62\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>\u8907\u6570\u6848\u4ef6\u306e\u9078\u629e\u3067\u3082\u3001\u57fa\u6e96\u306f\u4f01\u696d\u4fa1\u5024\u306e\u5897\u52a0\uff08NPV\u5408\u8a08\u306e\u6700\u5927\u5316\uff09<\/li>\n<li>\u8cc7\u672c\u5236\u7d04\u3067\u306fPI\u304c\u76ee\u5b89\u3060\u304c\u3001\u5206\u5272\u3067\u304d\u306a\u3044\u6848\u4ef6\u306f\u7d44\u307f\u5408\u308f\u305b\u3067\u6bd4\u8f03\u3059\u308b<\/li>\n<li>\u76f8\u4e92\u6392\u4ed6\u7684\u6848\u4ef6\u3067\u9806\u4f4d\u304c\u98df\u3044\u9055\u3048\u3070\u3001IRR\u3088\u308aNPV\u3092\u512a\u5148\u3059\u308b<\/li>\n<li>\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u6848\u4ef6\u306f\u3001EAA\u3084\u53cd\u5fa9\u6295\u8cc7\u6cd5\u3067\u671f\u9593\u3092\u305d\u308d\u3048\u3066\u6bd4\u3079\u308b<\/li>\n<\/ul>\n<div class=\"cma-link-box\">\n<p class=\"cma-link-box-title\">\u25b6 \u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma2-corporate-finance\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u3011\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u5b66\u3076\u5185\u5bb9\u306e\u4e00\u89a7\u306b\u623b\u308b<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-cf-08\/\">EVA\u30fbMVA\u30fbNPV\u306e\u95a2\u4fc2<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/20\/g2-cf-10\/\">\u30ea\u30a2\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3<\/a><\/p>\n<\/div>\n<p>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30a2\u30ab\u30c7\u30df\u30fc\u306eYouTube\uff08<a href=\"https:\/\/www.youtube.com\/@cma-fa-academy\" target=\"_blank\" rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u8ad6\u70b9\u30921\u3064\u305a\u3064\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/utage-system.com\/page\/98Nqc5o0yBvT\" target=\"_blank\" rel=\"noopener\">\u25b6 \u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30fc\u306b\u53c2\u52a0\u3059\u308b<\/a><\/p>\n<p style=\"font-size:0.85em;\">\u203b\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306f\u65e5\u672c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u5354\u4f1a\u300c\u30102026\u5e74\u5ea6\u3011CMA\u8cc7\u683c\u306e\u53d6\u5f97\u306b\u6c42\u3081\u3089\u308c\u308b\u4e3b\u8981\u5b66\u7fd2\u4e8b\u9805\u3068\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u300d\u3088\u308a\u5f15\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8cc7\u91d1\u306b\u5236\u7d04\u304c\u3042\u308b\u5834\u5408\u306e\u53ce\u76ca\u6027\u6307\u6570\uff08PI\uff09\u306e\u4f7f\u3044\u65b9\u3001\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848\u4ef6\u3067NPV\u3068IRR\u304c\u98df\u3044\u9055\u3046\u7406\u7531\u3001\u8010\u7528\u5e74\u6570\u304c\u7570\u306a\u308b\u6848\u4ef6\u306e\u7b49\u4fa1\u5e74\u4fa1\uff08EAA\uff09\u306b\u3088\u308b\u6bd4\u8f03\u3092\u3001\u8a08\u7b97\u4f8b\u3064\u304d\u3067\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u5411\u3051\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":10774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-10776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/comments?post=10776"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10776\/revisions"}],"predecessor-version":[{"id":11877,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10776\/revisions\/11877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media\/10774"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media?parent=10776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/categories?post=10776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/tags?post=10776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}