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Introdução à finanças


Mercados Competitivos
pode circular com relativa facilidade
Fricções são pequenas em relação ao poder de boas ideias
o Fricções: obstáculos ao processo para concretizar uma ideia financeiros, burocracia, esforço...

Essência da tomada de decisão

Toda decisão envolve tempo e incerteza
Entender o impacto da passagem do tempo em uma decisão
Inicialmente assumir nenhuma incerteza, para compreender o valor
do dinheiro no tempo


r = taxa de juros

How much more money does Darren have than Johnny? 19 10 3 16 (10 points) Your dad invested $25 for you 70 years ago in a fund and you have not withdrawn any money since.(5 points) $50 today is worth MORE than $50 tomorrow. enter just the number without the $ sign or a comma) Answer for Question 5 . How much babysitting money (to the nearest whole dollar) will she need to earn today to buy the bag for $400 one year from now? (Enter just the number without the $ sign or a comma) Answer for Question 3 XXX 37736 (10 points) Johnny and Darren both earn $100 working on their respective neighbors' big farms. what is the current value of that investment? (Round to the nearest whole dollar. They both take their money out after 5 years. If the fund has averaged a return of 8 percent over the last 70 years. True False (5 points) $100 invested for 10 years at 12% interest is worth more in FV terms than $200 invested for 10 years at 4% interest. Darren puts his money in a savings account his parents set up for him. True False (5 points) Megan wants to buy a designer handbag and plans to earn the money babysitting. Johnny puts his $100 in the piggy bank that his parents gave him to encourage him to save. The savings account pays 3% interest. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag.

Chloe will begin college in 7 years. . 685 (15 points) Ralph knows that he is going to have to replace his roof soon. He could wait 5 years. The account pays 3.000. How much less will the account be worth in 8 years if she buys the karaoke machine now versus leaving the account untouched? (Enter just the number without the $ sign or a comma.) Answer for Question 6 XXX 19752 (10 points) The Johnson family is worried about their ability to pay college tuition for their daughter Chloe.5% interest. Exact calculation up to two decimals is not difficult.000. Bridgette wants to be a singer and she has her heart set on a new karaoke machine. They recently heard about a plan to pre-pay tuition at current rates. it will cost $10. but it will then cost him $20. At what rate will these options cost the same. round to the nearest whole dollar. If he has the roof replaced now. The machine costs $150. If stuck.500 set aside now in a college plan that will earn 6% per year. 970 Don't Pre-pay. Should they pre-pay Chloe’s first year now or keep the money invested and pay the tuition 7 years from now? How much are they saving in FV terms with this decision? Don't Pre-pay. 685 Pre-pay. trial and error will help.XXX 546516 Question 6 (10 points) Bridgette’s grandparents opened a savings account for her and placed $500 in the account. 970 Pre-pay. 781 Don't Pre-pay. that is pay $9.500 per year at the state college and have been increasing at a rate of 7% annually. 781 Pre-pay.500 per year of college. The Johnson’s have $9. Tuition rates are currently $9. This is also known as the break-even point.

With both cars he plans to pay cash and own them for 4 years before trading in for a new car. He has narrowed his search down to 2 models. 4000 Model A.000. 1430 Model A. The interest rate is 5%. and leave off the % sign. Andrea’s portfolio is making 5% annually. Andrea’s son Trevor will begin college in 12 years.97% you should enter it as 13. How much does Andrea need to have set aside today/now to pay for 4 years of college for Trevor? (Note:Tuition will continue to change annually and Andrea’s portfolio balance will continue to accrue interest while Trevor is in school. For simplicity assume that operating and maintenance costs for the models are identical. Also. His research indicates that the trade in value for Model A after 4 years is 60% of the initial purchase price.) 87432 49035 58905 75400 .000 and Model B costs $28. For example. 4000 Model B. 1257 Model B. Model A costs $32.500/year.87% (15 points) Rondo is in the market for a new car. Currently the average tuition of a state college is $9.(Enter the answer with no more nor less than two decimal places.97 NOT 0. 1430 (15 points) College tuition has been rising at a rate of 7% per year. while the trade in value for Model B is 45%. 1207 Model B. tuition is due at the beginning of each year. if your answer is 13. Which model is the better decision and how much "cheaper" is it than the alternative? Model A.14 nor 14) Answer for Question 8 OK 14.