财务管理课件.pptxVIP

Conclusions and Review;Types of Finance; Finance;Functions of Finance;Functions of Finance;Forms of Business Organization;Sole Proprietorship;Partnership;Corporation;;;;;;;;;;;;;;;;;Chapter 2;;;;;;;;;;;;;;;;;;;;;;;;;;;;Corporate Capital Gains / Losses;;;;;;;;;;;;;;;;Chapter 3;;;;;;;;;; Assume that you deposit $1,000 at a compound interest rate of 7% for 2 years.;FV1 = P0 (1+i)1 = $1,000 (1.07) = $1,070 Compound Interest You earned $70 interest on your $1,000 deposit over the first year. This is the same interest you would earn under simple interest.;FV1 = P0 (1+i)1 = $1,000 (1.07) = $1,070 FV2 = FV1 (1+i)1 = P0 (1+i)(1+i) = $1,000(1.07)(1.07) = P0 (1+i)2 = $1,000(1.07)2 = $1,144.90 You earned an EXTRA $4.90 in Year 2 with compound over simple interest. ; FV1 = P0(1+i)1 FV2 = P0(1+i)2 General Future Value Formula: FVn = P0 (1+i)n or FVn = P0 (FVIFi,n) -- See Table I;FVIFi,n is found on Table I at End of Book or on the Card Insert.; FV2 = $1,000 (FVIF7%,2) = $1,000 (1.145) = $1,145 [Due to Rounding]; Julie Miller wants to know how large her $10,000 deposit will become at a compound interest rate of 10% for 5 years.;Calculation based on Table I: FV5 = $10,000 (FVIF10%, 5) = $10,000 (1.611) = $16,110 [Due to Rounding];;;Assume that you need $1,000 in 2 years. Let’s examine the process to determine how much you need to deposit today at a discount rate of 7%.; PV0 = FV2 / (1+i)2 = $1,000 / (1.07)2 = FV2 / (1+i)2 = $873.44; PV0 = FV1 / (1+i)1 PV0 = FV2 / (1+i)2 General Present Value Formula: PV0 = FVn / (1+i)n or PV0 = FVn (PVIFi,n) -- See Table II;PVIFi,n is found on Table II at End of Book or on the Card Insert.; PV2 = $1,000 (PVIF7%,2) = $1,000 (.873) = $873 [Due to Rounding]; Julie Miller wants to know how large of a deposit to make so that the money will grow to $10,000 in 5 years at a discount rate of 10%.; Calculation based on ge