Time value of money

... division of Pearson Australia Group Pty Ltd) – 978 144 2518193/ Gitman et al / Principles of Managerial Finance / 6th edition Future Value Of A Single Amount  Future Value: the value of a present ... division of Pearson Australia Group Pty Ltd) – 978 144 2518193/ Gitman et al / Principles of Managerial Finance / 6th edition Present Value Of A Single Amount  Present Val...

Ngày tải lên: 16/12/2013, 14:57

... decisions – Farm Analysis Solution Tools Time Value of Money and Investment Analysis Part I: BASIC CONCEPTS AND TERMS Time value of money problems arise in many different forms and situations Thus, ... understand reasons to use time value of money approaches in problems involving cash flows through time, (ii) understand the categories of problems that re...

Ngày tải lên: 11/03/2014, 05:22

... Lãi Giá trị 100 10 110 Tương lai 11 12. 1 121 133.1 www.themegallery.com LOGO Giá trị tương lai khoản tiền Công thức FV = PV × (1 + k)     n FV: Giá trị tương lai (Future Value) PV: Giá trị (Prensent ... www.themegallery.com LOGO Giá trị tương lai khoản tiền Ví dụ 1 .2: Nếu thay mức lãi suất 15% số tiền bao nhiêu? FV = 20 triệu* (1+15%)10 = 20 triệu* 12. 375 = 24 7.5 triệu w...

Ngày tải lên: 07/05/2014, 16:44

... Future Value of an Annuity Due To find the future value of an annuity due, multiply the amount of a single payment or receipt by the future value of an ordinary annuity factor 6-35 Future Value of ... Present value of an ordinary annuity or Present value of an annuity due The amount of the annuity payment The number of periods 6-49 The interest ra...

Ngày tải lên: 29/06/2014, 03:20

... $100/0.14 = $714.29 When the interest rate is doubled, the PV of the perpetuity is halved 6-20 a Begin with a time line: Answers and Solutions: - 3 10 16 17 18 19 20 6- mos 6% | | | | | | 100 100 ... four steps Calculate the FV in 10 yrs (20 periods) of the $100 PMT made today: FV20=PV*FVIV6% 20 = 100*3.2071=$320.71 Calculate FVA as of period of the ordinary annuity that begins at t...

Ngày tải lên: 01/07/2014, 21:28

... need to have in the future? – Down payment = 1( 150 ,000) = 15, 000 – Closing costs = 05( 150 ,000 – 15, 000) = 6, 750 – Total needed = 15, 000 + 6, 750 = 21, 750 • Compute the number of periods – PV = - 15, 000; ... rate – the longer the time period, the lower the present value – What is the present value of $50 0 to be received in years? 10 years? The discount...

Ngày tải lên: 07/03/2015, 12:22

... 2-2 Time lines show timing of cash flows CF1 CF2 CF3 i% CF0 Tick marks at ends of periods, so Time is today; Time is the end of Period 1; or the beginning of Period 2-3 Time line for ... due at the end of Year i% Year 100 2-4 Time line for an ordinary annuity of $100 for years i% 100 100 100 2-5 Time line for uneven CFs: -$50 at t = and $100, $75, and $50 at the end...

Ngày tải lên: 06/04/2015, 19:41

... + i)n $2 = $1(1 + 0 .20 )n (1 .2) n = $2/ $1 = nLN(1 .2) = LN (2) n = LN (2) /LN(1 .2) n = 0.693/0.1 82 = 3.8 ? 2- 21 Financial Calculator INPUTS N OUTPUT 3.8 20 I/YR -1 PV PMT FV 2- 22 Spreadsheet Solution ... 2- 2 Time lines show timing of cash flows CF1 CF2 CF3 i% CF0 Tick marks at ends of periods, so Time is today; Time is the end of Period 1; or the beginning of Peri...

Ngày tải lên: 29/05/2015, 11:49

... Illustration: Valuing a Console Bond A console bond is a bond that has no maturity and pays a fixed coupon Assume that you have a 6% coupon console bond The value of this bond, if the interest rate ... (PV of an Annuity for the life of the bond) + Face Value (PV of a Single Cash Flow) Illustration: The Value of a Straight Bond Say you are trying to val...

Ngày tải lên: 08/06/2016, 14:37

... present value of the annuity due exceeds the present value of the ordinary annuity, while the future value of the annuity due is less than the future value of the ordinary annuity c The present value ... correct? a The present value of the ordinary annuity must exceed the present value of the annuity due, but the future value of an ordinary annuity may be less th...

Ngày tải lên: 22/11/2016, 11:02

... amount Solve for present value of an annuity Compute the present value of notes and bonds Use a financial calculator to solve time value of money problems Basic Basic Time Time Value Value Concepts ... TIME VALUE OF MONEY D- D Financial Accounting, Seventh Edition Learning Learning Objectives Objectives After studying this chapter, you should be able to:...

Ngày tải lên: 24/11/2016, 14:35

... năm 12% Ghép hàng năm FV2 = 1,000(1+ [. 12/ 1])(1) (2) = 1 ,25 4.40 Ghép tháng FV2 = 1,000(1+ [. 12/ 2]) (2) (2) = 1 ,26 2.48 Tác động số lần ghép lãi Ghép theo quý FV2 = 1,000(1+ [. 12/ 4])(4) (2) = 1 ,26 6.77 ... Ghép theo tháng FV2 = 1,000(1+ [. 12/ 12] )( 12) (2) = 1 ,26 9.73 Ghép theo ngày FV2 = 1,000(1+[. 12/ 365])(365) (2) = 1 ,27 1 .20 Ví dụ Julie Miller vay ngân hàng số tiền $10,000...

Ngày tải lên: 03/12/2016, 12:33

... considerations of money only Offer A is a $10m offer for $2m a year for years Offer B is a $11m offer of $1m a year for four years and $7m in year What is your advice? (Hint: compare the present value of ... annual rate of return? 28 You have been hired as a financial advisor to Michael Jordan He has received two offers for playing professional basketball and wants to select the b...

Ngày tải lên: 06/02/2017, 14:34