You are on page 1of 32

Exerccio 1.

Juro Simples
Taxa mdia

C
Capitais
2,500.00
3,500.00
4,000.00
3,000.00
Totais

n
Tempo em
meses
6
3
12
8

i
Taxa mensal
2.0000%
1.0000%
0.5000%
0.0400%

C*n

15000
10500
48000
24000
97,500.00

C*n*i

Exerccio 1

Juro
300.00
105.00
240.00
9.60
654.60

Foram aplicados
(6 meses), 3 500
3 000,00
e 0,04%, respec

Qual a taxa m

Qual a taxa de

Taxa mdia
Mensal

0.6714%

Anual

8.0566%

Exerccio 1
Foram aplicados a juros simples, os capitais 2 500,00,
(6 meses), 3 500,00(3 meses), 4 000,00 (1 ano) e
3 000,00 (8 meses) s taxas mensais de 2%, 1%, 0,5%
e 0,04%, respectivamente.
Qual a taxa mdia mensal destas aplicaes?
Qual a taxa de juro anual?

Exercicios

RJC

1.
Capital
Taxa de juro (anual)
Prazo ( anos)

Valor futuro

5.
50,000.00
3.0000%
2

53,045.00

Capital
Taxa de juro (anual)
Prazo ( anos)

Valor futuro
Juro

2.
Capital
Taxa de juro anual
Prazo ( anos)
Vf
Equao

6.
25,000.00
2.0000%
3
26,530.20
0.00

Capital
Taxa de juro (anual)
Prazo ( anos)

Valor futuro
Juro
Equao

3.
7.
Capital

6,000.00
Capital

Taxa de juro anual

4.0000%
Taxa de juro (anual)

Prazo ( anos)

2
Prazo ( anos)

VF
Equao

6,489.60
0.00
Valor futuro
Juro
Equao

4.
Capital

10,000.00
8.

Taxa de juro anual

5.0000%
Taxa semestral efectiva

Prazo ( anos)

3
Taxa anual equivalente

VF
Equao

11576.25
0.00

Taxa anual nominal

9.
40,000.00
3.5000%
5

47,507.45
7,507.45

Taxa trimestral efectiva

2.0000%

Taxa semestral equivalente

4.0400%

Taxa anual nominal

8.0000%

10.
Taxa trimestral

2.0000%

taxa anual nominal

8.0000%

5,000.00
4.0000%
7

6,579.66
1,579.66
0.00

11.
Taxa bimestral
11.1.Taxa quadrimestral euivalente
11.2.Taxa mensal equivalente
11.3.Taxa anual equivalente
11.4.Taxa anual Nominal

0.5000%
1.0025%
0.2497%
3.0378%
3.0000%

12.
100,000.00
3.0000%
4

112,550.88
12,550.88
0.00

Capital

20,000.00

Taxa de juro (anual)


Taxa de juro (anual)
Taxa de juro (anual)

2.0000%
3.0000%
4.0000%

12.1.Juro do 1 ano
12.2.Valor futuro

400.00
21,852.48

12.3.Juro total

1,852.48

13.
4.0000%

Valor da TV

3,000.00

8.1600%

Entrada inicial

1,000.00

8.0000%

1 prestao
Data de vencimento(anos)

1,500.00
0.5

2 prestao
Data vencimento( 1 ano)
Taxa anual ( capitalizaes mensais)
Taxa mensal
Taxa semestral equivalente
Equao

661.37
1
12.0000%
1.0000%
6.1520%
0.00

Tempo semestres

Valor da tv
Pagamentos
0.00

-3,000.00
1,000.00
-2,000.00

1,500.00
1,500.00

661.37
661.37

Taxas de Juro e Inflao


Exemplo
Taxa de inflao
Capital
taxa nominal
VF( A preos correntes)

1,000.00
8.5000%
1,085.00

Taxa de inflao
Taxa real (deflacionada)

4.5000%
3.8278%

Valor futuro ( a preos constantes)

1,038.28

Considerando o efeito fiscal


(20% Irs sobre os juros)
Capital
Taxa bruta
Taxa liquida

1,000.00
8.5000%
6.8000%

VF( A preos correntes)

1,068.00

Taxa de inflao
Taxa real (deflacionada)

4.5000%
2.2010%

Valor futuro ( a preos constantes)

1,022.01

Sem inflao significa preos constantes


A inflao mede-se atravs da variao dos preos

Preos correntes e constantes

taxa de inflao
Tempo
Capitais (preos correntes)
Capitais (preos constantes ou deflacionados)

4.50%
0
1,000.00
1,000.00

1
1,085.00
1,038.28

Taxa de inflao constante


Tempo
Capitais( preos correntes)
Capitais (preos constantes ou deflacionados)

4.50%
0
1,000.00
1,000.00

1
1,000.00
956.94

2
1,000.00
915.73

1,000.00
Hoje

5%
1,050.00
1

4.50%
1,097.25
2

Taxa de inflao varivel


Tempo

3
1,000.00
876.30

Exemplo 16.
Valor do emprstimo
Taxa Anual Nominal
Taxa Mensal

15,000.00
12.0000%
1.0000%

N de Prestaes

24

a. Renda Imediata
Valor da prestao

-706.10

Meses
Divida
Prestaes

0
15,000.00

1
14,443.90
-706.10

2
13,882.23
-706.10

-699.11

Meses
Divida
Prestaes

0
14,300.89
-699.11

1
13,744.79
-699.11

2
13,183.12
-699.11

-727.50

Meses
Divida
Prestaes

0
15,000.00

1
15,150.00

2
15,301.50

b. Renda antecipada
Valor da prestao
c.Renda diferida
Valor da prestao

Funes financeiras
Utilizadas

VA

Valor actual

PGTO
Prestaes

Exemplo 17.

Taxa Anual Nominal


Taxa Mensal
N de depsitos
Valor de cada depsito
3
13,314.96
-706.10

4
12,742.00
-706.10

5 ..
12,163.32
-706.10

..

3
12,615.84
-699.11

4
12,042.89
-699.11

5 ..
11,464.21
-699.11

..

..

3
15,454.52

4
14,881.56
-727.50

5 ..
14,302.88
-727.50

..

Valor futuro

Funo financeira
Utilizada
VF

6.0000%
0.5000%
240
-100.00
46,204.09

1.
Projectos/anos
A
B

0
-40,000.00
-50,000.00

TIR_Anual _ A
TIR_Anual _ B

2.
Localizao
A
B
C
5 Anos

3.

Projecto A

20.4211%
10.1438%

Investimento
nicial
20,000.00
25,000.00
30,000.00

Taxa

Ano
Despesas
Receitas
Cash-Flow

Nota :
A taxa de Irc actual
26.5%

2
16,000.00
15,000.00
VAL
VAL

Cash-Flow
Anual
5,000.00
6,000.00
6,000.00

3
20,000.00
20,000.00
279.71
-8,359.05

Valor
Residual
10,000.00
15,000.00
20,000.00

TIR
18.0129%
18.4593%
15.0622%

15%
0
-10000
0
-10000

VAL
TIR
4.

1
12,500.00
10,000.00

1
-10000
0
-10000
-1,381.58
13.1002%

2
-5000
1000
-4000

3
-1000
5000
4000

sujesto
Resolver com a taxa indicada de 26,5%

Bibliografia de Anlise de Investimentos


Anlise de Projectos de Investimento
Mitha, Omar, Escolar editora

4
15,000.00
20,000.00
Projecto A

-20,000.00
-25,000.00
-30,000.00

5,000.00
6,000.00
6,000.00

5,000.00 5,000.00 5,000.00 15,000.00


6,000.00 6,000.00 6,000.00 21,000.00
6,000.00 6,000.00 6,000.00 26,000.00

10

10000
10000

10000
10000

5000
5000

4000
4000

8000
8000

1000
1000

1000
1000

Exerccio 1

Exerccio 2

Sistema de prestaes
Constantes

Sistema de prestaes
Constantes

Valor do emprstimo
Prazo em meses

100,000.00
240

Valor do emprstimo
Valor residual

Taxa Anual Nominal

6.0000%

Prazo em anos

Taxa Mensal

0.5000%

Trimestalidades

1.1

Taxa anual nominal


Taxa trimestral

Valor da prestao

-716.43
2.1
Valor de prestao

1.2

Valor do emprstimo
Valor total das Prestaes

100,000.00

2.2

-171,943.45
Valor da prestao

Total de Juros

-71,943.45
Capital em dvida aps
o pagamento da 9
Prestao

1.3

Valor da prestao
Prestaes em falta

-716.43

Juro da 10 prestao

120
2.3

Dvida

64,531.42
10 Amortizao
(ou reembolso)

1.4

Valor da prestao

-716.43

Nota importante
sobre as amortizaes:
Depois de saber uma amortizao
Saberemos todas as outras

Prestaes em falta

228

Nova Taxa de juro nominal

4.0000%

Divida na data da alterao


da taxa

97,330.20

Taxa mensal

Nova prestao

0.3333%

-610.13

No exercicio 3 saberemos como

Exerccio 3
Sistema

Prestaes Constantes

Trimestres
200,000.00
-50,000.00
10
40
4.0000%
1.0000%

-5,068.34

-5,068.34

171,254.18

uma amortizao

-1,712.54

-3,355.80

0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

Dvida
200,000.00
196,931.66
193,832.64
190,702.62
187,541.31
184,348.38
181,123.53
177,866.42
174,576.75
171,254.18
167,898.38
164,509.02
161,085.77
157,628.29
154,136.23
150,609.26
147,047.01
143,449.14
139,815.29
136,145.10
132,438.22
128,694.26
124,912.86
121,093.65
117,236.25
113,340.27
109,405.33
105,431.05
101,417.02
97,362.85
93,268.14
89,132.48
84,955.46
80,736.68
76,475.71
72,172.12
67,825.50
63,435.42

Juro
Trimestral
2,000.00
1,969.32
1,938.33
1,907.03
1,875.41
1,843.48
1,811.24
1,778.66
1,745.77
1,712.54
1,678.98
1,645.09
1,610.86
1,576.28
1,541.36
1,506.09
1,470.47
1,434.49
1,398.15
1,361.45
1,324.38
1,286.94
1,249.13
1,210.94
1,172.36
1,133.40
1,094.05
1,054.31
1,014.17
973.63
932.68
891.32
849.55
807.37
764.76
721.72
678.26

Reembolso
(Amortizao)
3,068.34
3,099.02
3,130.01
3,161.31
3,192.93
3,224.86
3,257.10
3,289.68
3,322.57
3,355.80
3,389.36
3,423.25
3,457.48
3,492.06
3,526.98
3,562.25
3,597.87
3,633.85
3,670.19
3,706.89
3,743.96
3,781.40
3,819.21
3,857.40
3,895.98
3,934.94
3,974.29
4,014.03
4,054.17
4,094.71
4,135.66
4,177.01
4,218.79
4,260.97
4,303.58
4,346.62
4,390.08

38
39
40

beremos como

59,001.43
54,523.11
0.00

634.35
590.01
545.23

4,433.99
4,478.33
54,523.11

Sabendo a 1 amortizao (ou reembolso) sabemos qualquer outra porque


verifica-se a seguinte relao:

Rk R1 1 i

k 1

Ou noutra notao habitual


mk m1 1 i

k 1

Por ex.
A 4* Amortizao

3,161.31

Exercicio 3
considerando
Siatema de Reembolsos Constantes
Sem valor residual
Prestao
Constante
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34
5,068.34

Trimestres
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

Dvida
200,000.00
195,000.00
190,000.00
185,000.00
180,000.00
175,000.00
170,000.00
165,000.00
160,000.00
155,000.00
150,000.00
145,000.00
140,000.00
135,000.00
130,000.00
125,000.00
120,000.00
115,000.00
110,000.00
105,000.00
100,000.00
95,000.00
90,000.00
85,000.00
80,000.00
75,000.00
70,000.00
65,000.00
60,000.00
55,000.00
50,000.00
45,000.00
40,000.00
35,000.00
30,000.00
25,000.00
20,000.00
15,000.00

Juro
Trimestral
2,000.00
1,950.00
1,900.00
1,850.00
1,800.00
1,750.00
1,700.00
1,650.00
1,600.00
1,550.00
1,500.00
1,450.00
1,400.00
1,350.00
1,300.00
1,250.00
1,200.00
1,150.00
1,100.00
1,050.00
1,000.00
950.00
900.00
850.00
800.00
750.00
700.00
650.00
600.00
550.00
500.00
450.00
400.00
350.00
300.00
250.00
200.00

Reembolso
(Amortizao)
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00

5,068.34
5,068.34
55,068.34

38
39
40

10,000.00
5,000.00
0.00

uer outra porque


Para qualquer dvida deixo o meu e-mail
monteiro.m.manuel@gmail.com

150.00
100.00
50.00

5,000.00
5,000.00
5,000.00

Prestao
Constante
7,000.00
6,950.00
6,900.00
6,850.00
6,800.00
6,750.00
6,700.00
6,650.00
6,600.00
6,550.00
6,500.00
6,450.00
6,400.00
6,350.00
6,300.00
6,250.00
6,200.00
6,150.00
6,100.00
6,050.00
6,000.00
5,950.00
5,900.00
5,850.00
5,800.00
5,750.00
5,700.00
5,650.00
5,600.00
5,550.00
5,500.00
5,450.00
5,400.00
5,350.00
5,300.00
5,250.00
5,200.00

5,150.00
5,100.00
5,050.00

-46,204.09

You might also like