Actualizarea valorilor la momentul “n”

𝑑
𝑛
1 1 1
𝐼𝑎𝑐𝑡1 = ∑ 𝐼ℎ ∗ ℎ
= 215 ∗ 1
+ 175 ∗ = 215 ∗ 0.909 + 175 ∗ 0.826
(1 + 𝑎) (1 + 0.1) (1 + 0.1)2
ℎ=1
= 339.98
𝑑
𝑛
1 1 1
𝐼𝑎𝑐𝑡2 = ∑ 𝐼ℎ ∗ ℎ
= 210 ∗ 1
+ 190 ∗ = 210 ∗ 0.909 + 190 ∗ 0.826
(1 + 𝑎) (1 + 0.1) (1 + 0.1)2
ℎ=1
= 347.83

𝑛
1 (1 + 𝑎)𝐷 − 1
𝑃𝑎𝑐𝑡1 = 𝑃ℎ ∗ ∗ = 220 ∗
(1 + 𝑎)𝑑 𝑎 ∗ (1 + 𝑎)𝐷
= 1421.77 𝑚𝑖𝑙 𝑙𝑒𝑖
1 (1 + 0.1)16 − 1
∗ = 220 ∗ 0.826 ∗ 7.824
(1 + 0.1)2 0.1 ∗ (1 + 0.1)16

𝑛
1 (1 + 𝑎)𝐷 − 1
𝑃𝑎𝑐𝑡2 = 𝑃ℎ ∗ ∗ = 250 ∗
(1 + 0.1)𝑑 𝑎 ∗ (1 + 𝑎)𝐷
= 1615.656 𝑚𝑖𝑙 𝑙𝑒𝑖
1 (1 + 0.1)16 − 1
∗ = 250 ∗ 0.826 ∗ 7.824
(1 + 0.1)2 0.1 ∗ (1 + 0.1)16

𝑛
𝑛
𝑃𝑎𝑐𝑡1 1421.77
𝑅𝑎𝑐𝑡1 = 𝑛 −1= − 1 = 4.182 − 1 = 3.182
𝐼𝑎𝑐𝑡1 339.98
𝑛
𝑛
𝑃𝑎𝑐𝑡2 1615.656
𝑅𝑎𝑐𝑡2 = 𝑛 −1= − 1 = 4.644 − 1 = 3.644
𝐼𝑎𝑐𝑡2 347.83

Lei profit final actualizat la 1 leu investiție actualizată

𝑛
𝑛
ln 𝑃ℎ − ln(𝑃ℎ − 𝐼𝑎𝑐𝑡1 ∗ 𝑎 ∗ (1 + 𝑎)𝑑 ) ln 220 − ln(220 − 339.98 ∗ 0.1 ∗ (1 + 0.1)2 )
𝑇𝑎𝑐𝑡1 = =
ln(1 + 𝑎) ln(1 + 0.1)
5.393 − 5.186 0.207
= = = 2.178
0.095 0.095

𝑛
𝑛
ln 𝑃ℎ − ln(𝑃ℎ − 𝐼𝑎𝑐𝑡2 ∗ 𝑎 ∗ (1 + 𝑎)𝑑 ) ln 250 − ln(250 − 347.83 ∗ 0.1 ∗ (1 + 0.1)2 )
𝑇𝑎𝑐𝑡2 = =
ln(1 + 𝑎) ln(1 + 0.1)
5.521 − 5.337 0.184
= = = 1.936
0.095 0.095
Actualizarea valorilor la momentul “p”
𝑑
𝑝
𝐼𝑎𝑐𝑡1 = ∑ 𝐼ℎ ∗ (1 + 𝑎)𝑑−ℎ = 215 ∗ (1 + 0.1)2−1 + 175 ∗ (1 + 0.1)2−2 = 236.5 + 175 = 411.5
ℎ=1
𝑑
𝑝
𝐼𝑎𝑐𝑡2 = ∑ 𝐼ℎ ∗ (1 + 𝑎)𝑑−ℎ = 210 ∗ (1 + 0.1)2−1 + 190 ∗ (1 + 0.1)2−2 = 231 + 190 = 421
ℎ=1

𝑝 (1 + 𝑎)𝐷 − 1 (1 + 0.1)16 − 1
𝑃𝑎𝑐𝑡1 = 𝑃ℎ ∗ = 220 ∗ = 220 ∗ 7.824 = 1721.28 𝑚𝑖𝑙 𝑙𝑒𝑖
𝑎 ∗ (1 + 𝑎)𝐷 0.1 ∗ (1 + 0.1)16

𝑝 (1 + 𝑎)𝐷 − 1 (1 + 0.1)16 − 1
𝑃𝑎𝑐𝑡2 = 𝑃ℎ ∗ = 250 ∗ = 250 ∗ 7.824 = 1956 𝑚𝑖𝑙 𝑙𝑒𝑖
𝑎 ∗ (1 + 𝑎)𝐷 0.1 ∗ (1 + 0.1)16

𝑝
𝑝 𝑃𝑎𝑐𝑡1 1721.28
𝑅𝑎𝑐𝑡1 = 𝑝 −1= − 1 = 4.182 − 1 = 3.182
𝐼𝑎𝑐𝑡1 411.5
𝑝
𝑝 𝑃𝑎𝑐𝑡2 1956
𝑅𝑎𝑐𝑡2 = 𝑝 −1 = − 1 = 4.646 − 1 = 3.646
𝐼𝑎𝑐𝑡2 421

𝑝
𝑝 ln 𝑃ℎ − ln(𝑃ℎ − 𝐼𝑎𝑐𝑡1 ∗ 𝑎) ln 220 − ln(220 − 411.5 ∗ 0.1) 5.393 − 5.186 0.207
𝑇𝑎𝑐𝑡1 = = = =
ln(1 + 𝑎) ln(1 + 0.1) 0.095 0.095
= 2.178

𝑝
𝑝 ln 𝑃ℎ − ln(𝑃ℎ − 𝐼𝑎𝑐𝑡1 ∗ 𝑎) ln 250 − ln(250 − 421 ∗ 0.1) 5.521 − 5.337 0.184
𝑇𝑎𝑐𝑡2 = = = =
ln(1 + 𝑎) ln(1 + 0.1) 0.095 0.095
= 1.936