Nama : Maulana Ikhsan Tarigan
Nim : 197007091
KUIS: UJI PRAKTIS MAHASISWA / Manajemen Keuangan
Program: Magister Manajemen USU
Dosen: Nisrul Irawati
1. If you deposit $10,000 in a bank account that pays 10% interest annually, how much will
be in your account after 5 years?
Deposit = $ 10.000
Interest = 10 % Per Tahun
Tahun I = $ 10.000 + 10 % (10.000)
= $ 11.000
Tahun II = $ 11.000 + 10 % (11.000)
= $ 12.100
Tahun III = $ 12.100 + 10% (12.100)
= $ 13.310
Tahun IV = $ 13.310 + 10% (13.310)
= $ 14.641
Tahun V = $ 14.641 + 10% (14.641)
= $ 16.105.1
2. What is the present value of a security that will pay $5,000 in 20 years if securities of
equal risk pay 7% annually?
FV = $ 5.000
Time = 20 Tahun
(r) =7%
PV = FV / (1 +r ) t
= $ 5.000 x 3.8691
= $ 1.292,1
3. Your parents will retire in 18 years. They currently have $250,000, and they think they
will need $1 million at retirement. What annual interest rate must they earn to reach their
goal, assuming they don’t save any additional funds?
N = 18
PV = $250,000
FV = 1M
1M X (1+ I )18 = $250,000
18
(1+ I ) = 4
I+ i = 1.08
I = 8.01%
4. Future value of ordinary annuity If you deposit money today in an account that
pays 6.5% annual interest, how long will it take to double your money?
Dik : I : 6,5 %
Dit : how long h Take double?
Jawab : A/P : (1 + i) ^n
A/P : 2 I 0,065
= ( 1 + 0,065 )
= 1.065 ^n . 2
N log (1065) : log 2
N: Log (2)
Log (1065)
: 0,6931
0,0630
: 11,0006 ( 11 Years)
5. You have $42,180.53 in a brokerage account, and you plan to deposit an additional
$5,000 at the end of every future year until your account totals $250,000. You expect to
earn 12% annually on the account. How many years will it take to reach your goal?
I / YR = 12
PV = $42,180.53
PMT = - 5000
FV = $250,000
$250,000 * (12)N = $42,180.53
N = 11
6. What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If
this were an annuity due, what would its future value be?
Present Value Calculation:
Future value of ordinary annuity = $ 300¿)
0,40255
= $ 300 x ( )
0,07
= $ 1,725.2217
7. An investment will pay $100 at the end of each of the next 3 years, $200 at the end of
Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of
equal risk earn 8% annually, what is this investment’s present value? Its future value?
Year 1 : $100 / (1.0 + 0.08) = $ 92.59
Year 2 : $100 / 〖(1.0+0.08)〗^2 = $ 85.73
Year 3 : $100 / 〖(1.0+0.08)〗^3 = $ 79.38
Year 4 : $200 / 〖(1.0+0.08)〗^4 = $147.01
Year 5 : $300 / 〖(1.0+0.08)〗^5 = $204.17
Year 6 : $500 / 〖(1.0+0.08)〗^6 = $315.08
Total PV = $923.98
Future Value calculation:
(Note: since the payment is at the end of each year, the payment for year 1 will
compound foronly 5 years, the payment for year 2 will compound for 4 years, and so on)
Year 1 : $100 X 〖(1.0+0.08)〗^5 = $146.93
Year 2 : $100 X 〖(1.0+0.08)〗^4 = $136.05
Year 3 : $100 X 〖(1.0+0.08)〗^3 = $125.97
Year 4 : $200 X 〖(1.0+0.08)〗^2 = $233.28
Year 5 : $300 X 〖(1.0+0.08)〗^1 = $324.00
Year 6 : $500 X 〖(1.0+0.08)〗^0 = $500.00
Total FV = $1,466.23
8. You want to buy a car, and a local bank will lend you $20,000. The loan would befully
amortized over 5 years (60 months), and the nominal interest rate would be 12%, with
interest paid monthly. What is the monthly loan payment? What is the loan’s EFF%?
PV= -$20,000
N = 60
I/Y = 0.12/12 = 0.01
FV= 0
Using PMT formula in Excel I have PMT = $444.89
EFF = (1+0.12/12) ^12 -1= 0,126825
= 12.6825%Conclusion: Monthly Loan Payment
= $444.89EFF
= 12.6825%
9. A first-round draft choice quarter back has been signed to a three-year, $25 million
contract. The details provide for an immediate cash bonus of $2 million. The player is to
receive $5 million in salary at the end of the first year, $8 million the next, and $10
million at the end of the last year. Assuming a 15 percent discount rate, is this package
worth $25 million? If not, how much is it worth?
PV = 1
(1+r)n
r = 15%
n= 0,1,2,3
year cash flow discount factor cash flow * discount factor
0 2,000,000 1 2,000,000
1 5,000,000 1/(1.15)^1=>0.86957 4,347,850
2 8,000,000 1/(1.15)^2=>0.75614 6,049,120
3 10,000,000 1/(1.15)63=>0.65752 6,575,200
worth of contract $18,972,170
10. You plan to make a series of deposits in an individual retirement account. You will deposit
$1,000 today, $2,000 in two years, and $2,000 in five years. If you withdraw $1,500 in three
years and $1,000 in seven years, assuming no withdrawal penalties, how much will you have
after eight years if the interest rate is 7 percent? What is the present value of these cash
flows?
We will calculate the future values for each of the cash flows separately and then
add them up. Notice that we treat the withdrawals as negative cash flows:
$1,000 x (1.07)8 = $1,000 x 1.7812 = $ 1,718.19
$2,000 x (1.07)6 = $2,000 x 1.5007 = $ 3,001.46
-$1,500 x (1.07)5 = $1,500 x 1.4026 = - $ 2,103.83
$2,000 x (1.07)3 = $2,000 x 1.2250 = $ 2,450.09
-$1,000 x (1.07)1 = $1,000 x 1.0700 = - $ 1,070.00
----------------
Total Future Value = $ 3,995.91
This value includes a small rounding error.
To calculate the present value, we could discount each cash flow back to the present or we
could discount back a single year at a time. However, because we already know that the
future value in eight years is $3,995.91, the easy way to get the PV is just to discount this
amount back eight years:
Present value = $3,995.91/(1.07)8
= $3,995.91/1.7182
= $2.325.64
