Time Value of Money
Time Value of Money
REFRESHING
11 Februari 2023
Present Value Future Value
I = 10% I = 10%
FV3 = $100(1.10)3
= $133.10
Present Value Annuity Future Value Annuity
I = 10% I = 10%
PVA =?
FVA =?
PV = ? FV = ?
𝑃𝑉 𝑁 =𝑃𝑀𝑇 𝑥 𝑃𝑉𝐼𝐹 𝐹𝑉 𝑁 =𝑃𝑀𝑇 𝑥 𝐹𝑉𝐼𝐹𝑡
1 𝐹𝑉𝐼𝐹 = ( 1 +𝑖 )
𝑡
𝑃 𝑉𝐼𝐹 =
( 1+𝑖 )𝑡
T PMT PVIF PMT(PVIF) T PMT FVIF PMT(FVIF)
0 -50 1,0000 -50,00 0 -50 1,0000 -50
1 100 0,9091 90,91 1 100 1,1000 110
2 75 0,8264 61,98 2 75 1,2100 90,75
3 50 0,7513 37,57 3 50 1,3310 66,55
Total PV = 140,46 Total FV = 217,3
Amortisasi: skema pembayaran angsuran dengan sama (anuitas)
hingga jatuh tempo; PP =1000, bunga 10%, jatuh tempo 3 tahun.
1. SAw = Saldo awal Pokok Pinjaman = PP = 1000
2. EP = Menghitung angsuran (anuitas) setiap tahun, Equal Payment (EP):
[ ]
𝑃 1 1
𝐸 𝑃= 𝑃 𝑉𝐼𝐹𝐴= −
𝑃𝑉𝐼𝐹𝐴 𝑖 𝑖 ( 1+𝑖 ) 𝑁
=