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SA 1
Adik – adik, diam
sebentar ya…….,
Kita kuliah dulu
yuck…..
Kita bahas:
Future Value
Present Value
Single Deposit
Annual Deposit Continue
1/19/2010 Pranoto.SA 2
Future Value
• FV : Nilai yang akan datang
Contoh:
1Menabung saat ini, dengan rate interest tertentu,
berapa nilai tabungan kita 3 tahun yad?
2.Menginvestasikan dana sekarang, menjadi berapa
besar dana kita 5 tahun yang akan datang?
1/19/2010 Pranoto.SA 3
FUTURE VALUE ( FV )
1. Single Deposit
I I’
1 2 3 n
I’ = I ( 1+i) n
1/19/2010 Pranoto.SA 4
If : You are age 20, You invest $ 10,000
now, You obtain a compounded return of
6% annually, And withdraw at age 60. (after
N = 40 years), How much you will receive?
Then you will have $ 102,857. (single Dep)
FV = PV (present value) * ( F / P, 6%, 40 )
FV = $ 10,000 * (1,06)40 = $ 10,000 * 10.2857 =
$102,857 P P’
n=40
1/19/2010 Pranoto.SA 5
2. Annual Constant Deposit
C’
C C C C C
1 2 3 n
C’= C ((1+i)n-1)/i
1/19/2010 6 Pranoto.SA
Invest $ 10,000 every end year for 40
years,Obtain a compounded return of 6%
annually, Withdraw at age 60, How much
you will receive that?
FV = AV * (F/A, 6%, 40)
FV = $ 10,000 * ( [ (1,06)40 – 1] / 0.06) = $ 10,000 *
154.762 = $ 1 547 620 (ann dep continue)
(formula for F/A) (lookup the table)
n=40
GUARANTEED TO WORK EVERY TIME ! ACT TODAY !
1/19/2010 Pranoto.SA 7
3. Annual Constant Deposit (incomplete series)
1 2 3 j …. n
B B B B
B’
B’=B ((1+i)n-(1+i)n-j)/i
1/19/2010 Pranoto.SA 8
1/19/2010 Pranoto.SA 9
1/19/2010 Pranoto.SA 10
Invest $ 10,000 every end year for 40
years,Obtain a compounded return of 6%
annually, Withdraw at age 60. But cause of
the problem then so you stop deposit after
end of year 30. How much $ you will
141581
2
Given FV , Find PV ?
A A A A
PV=?
PV=Σ(Ai/(1+i)^n)
1/19/2010 Pranoto.SA 13
NPV:Net Present Value
1/19/2010 Pranoto.SA 14
Example:
1/19/2010 Pranoto.SA 15
IRR; Internal Rate of Return
Value of interest , where’s the value of
1/19/2010 Pranoto.SA 16
1/19/2010 Pranoto.SA 17