Alasan
Pengambil
Resiko an Bunga Penangguhan
oleh Kesenangan
Pemberi
Pinjaman
Simple Compound
Interest Interest
Annual
Payment
Cashflow
Present
Towards
Future
Single
Payment
Cashflow
Future
Towards
Present
Annual
Towards Future
Future Towards
Annual
Present
Annual Towards
Payment Annual
Cashflow
Annual
Towards
Present
TA 3122 Analisis Investasi Tambang Rumus Dasar Analisis Investasi
JENIS ANNUAL PAYMENT CASHFLOW
Metode Tabel
Metode
Grafis
2) Perusahaan Roti
merencanakan pembelian
suatu mesin produksi
senilai 50 juta rupiah.
Yang diikuti biaya
operasional rata-rata 10
juta/periode. Akibat
pemakaian mesin tersebut
menjanjikan keuntungan
rata-rata 20 juta
rupiah/periode
cash flow
periode t
cash-out (-) cash- in (+)
0 Rp50.000.000,00 -
1 Rp10.000.000,00 Rp20.000.000,00
2 Rp10.000.000,00 Rp20.000.000,00
3 Rp10.000.000,00 Rp20.000.000,00
4 Rp10.000.000,00 Rp20.000.000,00
Rp10.000.000,00 +
5 Rp12.000.000,00 Rp20.000.000,00
... ... ...
... Rp10.000.000,00 ...
Rp20.000.000,00+
n Rp10.000.000,00 Rp15.000.000,00
M U
RU : F = P (1+i)n F = P (F/P,i,n)
S
BENTUK CASHFLOW
M U
U
R :
S P = F (1+i)-n P = F(P/F,i,n)
BENTUK CASHFLOW
P= ? I = 50 I = 50
L = 50
0 1 ......................... 5
ALTERNATIF B
C = 50 I = 50 I = 50
L = 50
0 1 .............................. 5
M U
RU : (1+ i)n - 1
S F = A. F = A(F/A,i,n)
i
(1+ i)n - 1
: uniform series compound amount factor
i
BENTUK
CASHFLOW
M U
RU :
S i
A = F. A = F(A/F,i,n)
(1+ i)n - 1
i
: uniform series sinking fund factor
(1+ i)n - 1
BENTUK
CASHFLOW
M U
RU : i.(1+ i)n
S A = P. A = P(A/P,i,n)
(1+ i)n - 1
i.(1+ i)n
: uniform series capital recovery factor
(1+ i)n - 1
BENTUK
CASHFLOW
R U MU S
:
(1+ i)n - 1
P=A. P = A(P/A,i,n)
i.(1+ i)n
BENTUK
CASHFLOW
Arithmetic
Gradient
Geometric
Gradient
TA 3122 Analisis Investasi Tambang Rumus Dasar Analisis Investasi
ARITHMETIC GRADIENT
(1+ i)n – in – 1
P=G. P = G(P/G,i,n)
i2.(1+ i)n
(1+ i)n – in – 1
: Arithmatic Gradient present worth factor
i2.(1+ i)n
(1+ i)n – in – 1
i(1+ i)n – i
: Arithmatic Gradient uniform series factor
(n-1)G
G 3G
G
G A1 A2 A3 A4 An 2G
A 1G
= +
1 2 3 4 n 1 2 3 4 n 1 2 3 4 n
0 0 0
F F1 F2
Cash flow annual Standard annual Standard Gradient
Menggunakan 2 perhitungan
yaitustandar gradient dan standar annual
Diketahui:
• A = 300 juta
• G=50 juta
• I= 12%
Ditanyakan : F? dan P?
Jawab
• F=
untuk mencari hubungan future dan
cashflow gradient
• F=
$10000
$5000 $2000 $2500 Gradient series $5500
0 1 2 ................ 8