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# 1/19/2010

Pranoto.SA

Kita bahas:

## Future Value Present Value Single Deposit Annual Deposit Continue

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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

FUTURE VALUE ( FV )

1. Single Deposit
I I

I = I ( 1+i) n

1/19/2010

Pranoto.SA

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
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## 2. Annual Constant Deposit

C 1 2 C C C C C n

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) (lookup the table)

1/19/2010

Pranoto.SA

n=40
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## 3. Annual Constant Deposit (incomplete series)

1 B

2 B

3 B

j B

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

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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 receive? (ann deposit incontinue)
141581 2

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PV

FV

FV = PV ( 1+i) ^ n

## ( 1+i)^ n : compounding Factor

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

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

PV=?

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

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NPV = PVB- PVC

## PVB- PVC (<0)

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Example:

The Hotel Project will be build with Invesment:10 M , for 1 year construction is finish. Second year start to opening with continue cost 2 m, and benefit predicted 6M Interst rate 10%, How the project spected? (Check with NPV,NBC)
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## IRR; Internal Rate of Return

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

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