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1/19/2010

Pranoto.SA

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

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?

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Pranoto.SA

FUTURE VALUE ( FV )

1. Single Deposit
I

I = I ( 1+i) n

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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 )
P
P
FV = $ 10,000 * (1,06)40 = $ 10,000 * 10.2857 =
$102,857
n=40
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Pranoto.SA

2. Annual Constant Deposit


C

C
1

C
3

C= C ((1+i)n-1)/i

1/19/2010

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) (look at the table)

GUARANTEED TO WORK EVERY TIME ! ACT TODAY !


1/19/2010

Pranoto.SA

n=4
0

3. Annual Constant Deposit (incomplete series)

2
B

3
B

j
B

B
B

B=B ((1+i)n-(1+i)n-j)/i

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10

Invest $ 10,000 every end year for 40


years,Obtain a compounded return of 6%
annually, Withdraw at age 60. But cause of
any problem then so you stop deposit after
end of year 30. How much $ you will
receive? (ann deposit incontinue)
FV
=
A*((1,06)^40-(1.06)^10)/0.06
FV = $ 10,000 * ( [ (1,06)40 (1.06)^10] / 0.06)
=$ 1.415.812

GUARANTEED TO WORK EVERY TIME !


ACT TODAY !
1/19/2010

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Contoh

Lapangan Futzal akan dibangun di daerah Tembalang pada awal


tahun 2011, dengan biaya investasi cost and benefit sebagai
berikut :
Investasi I1 sebesar Rp. 10 Milyar , untuk pembangunan dan
selesai dalam kurun waktu 2 tahun.
Operasional (C) diperkirakan Rp. 1 Milyar / tahun, dan
meningkat menjadi 2M sejak Rehabilitasi.
Rehabilitasi pada awal th ke 5 dari saat mulai investasi sebesar
2M (waktu rehabilitasi abaikan=0)
Benefit untuk tahap I(pertama), sebesar Rp. 3 Milyar / tahun,
dan meningkat setelah adanya rehabilitasi menjadi 6 M.
Bila Saudara sebagai investor diberi hak mengelola sampai
tahun 2017, bagaimana pendapat Saudara ?
Tunjukkan analisa finansial Saudara (FV), diawali dengan
gambar cashflow. (Gunakan asumsi bunga pengeluaran :
I,R,C=15%, bunga pemasukan B;10%).

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04/01/15

14
-

Two things are equivalent when they produce


the same effect.
Example:1.
If the money $ 1000 was deposited at 5%
interest compounded annually, value whould
be $=1000(1+0.05)^5=$.1276.28
Its mean that $.1000 today is equivalent to
$.1276.28 in 5 years from now.

F
n
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Example.2

B=53.5
2

i=10%
100
B

2
A

3
A

A=40.2
1

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177.1
5

$100 today is equivalent of :


- $177.16 received 6 years from now
- 40.21 received at the end of each
year for the next 3 years
- 53.52 received at the end of years
4,5,6

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PV

FV

FV = PV ( 1+i) ^ n

Given FV , Find PV ?
PV = F V / ( 1+i) ^ n

PV=
?

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( 1+i)^ n : compounding
Factor

1/(1+i)^n: discounting Factor

A
PV=(Ai/(1+i)^n)

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Annual Deposit
Incomplete

PPT
Selanjutnya

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NPV:Net Present Value


NPV = PVB- PVC

PVB- PVC (>0)


NBC =
PVB- PVC (<0)
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Example:

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IRR; Internal Rate of


Return
Value of interest , wheres the
value of
NPV = PVB- PVC= 0

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