Operation Manual

5: Cálculo do Valor Temporal do Dinheiro 69
$WHFOD GD+3%,,SHUPLWHTXHVHFDOFXOH
2YDORUDSOLFDGRDRMXURQXPLQWHUYDORGHSDJDPHQWRV
2YDORUDSOLFDGRDRSULQFLSDOQXPLQWHUYDORGHSDJDPHQWRV
2VDOGRGRHPSUpVWLPRDSyVXPQ~PHURHVSHFLILFDGRGHSDJDPHQWRV
$IXQomR
VXS}HTXHVHWHQKDFDOFXODGRXPSDJDPHQWRRX
DUPD]HQDGRRVYDORUHVGHDPRUWL]DomRDGHTXDGRVHP,<539)9
307H3<5
2VQ~PHURVH[LELGRVGHMXURVSULQFLSDOHVDOGRVmRDUUHGRQGDGRVGH
DFRUGRFRPDFRQILJXUDomRDFWXDOGRYLVRU
Para Amortizar. 3DUDDPRUWL]DUXP~QLFRSDJDPHQWRGLJLWHRQ~PHUR
GRSHUtRGRHSUHVVLRQH
$+3%,,H[LEHDLQGLFDomRPER
VHJXLGDGRVSDJDPHQWRVLQLFLDOHILQDOTXHVHUmRDPRUWL]DGRV
3UHVVLRQH
SDUDYHURMXURINT3UHVVLRQH QRYDPHQWHSDUDYHUR
SULQFLSDO
PRINHPDLVXPDYH]SDUDYHURVDOGRBAL&RQWLQXHD
SUHVVLRQDU
SDUDSHUFRUUHURVPHVPRVYDORUHVQRYDPHQWH
3DUDDPRUWL]DUXPLQWHUYDORGHSDJDPHQWRVGLJLWHQ~PHURGRSHUtRGRLQLFLDO
Q~PHURGRSHUtRGRILQDOHHPVHJXLGDSUHVVLRQH $+3%,,
H[LEHDLQGLFDomR
PERVHJXLGDSHORVSDJDPHQWRVLQLFLDOHILQDOTXHVHUmR
DPRUWL]DGRV(PVHJXLGDSUHVVLRQH
UHSHWLGDPHQWHSDUDSHUFRUUHURV
YDORUHVGHMXURVSULQFLSDOHVDOGR
3UHVVLRQH
QRYDPHQWHSDUDSDVVDUSDUDRSUy[LPRJUXSRGH
SHUtRGRV(VVHUHFXUVRGHDXWRLQFUHPHQWRHYLWDTXHWHQKDTXHGLJLWDURV
QRYRVSHUtRGRVLQLFLDOHILQDO
6HIRUHPDUPD]HQDGRVUHFXSHUDGRVRXH[HFXWDGRVRXWURVFiOFXORV
GXUDQWHDDPRUWL]DomRDWHFOD
QmRVHUYLUiPDLVSDUDSHUFRUUHURMXURR
SULQFLSDOHRVDOGR3DUDUHWRPDUDDPRUWL]DomRFRPRPHVPRJUXSRGH
SHUtRGRVSUHVVLRQH

7D[DGHMXURQRPLQDODQXDO
6DOGRLQLFLDO
6DOGRILQDO
9DORUGRSDJDPHQWRDUUHGRQGDGRSDUDR
IRUPDWRGRYLVRU
1~PHURGHSDJDPHQWRVSRUDQR
10B.book Page 69 Sunday, June 25, 2000 1:17 PM