BI TP QUN L D N CNTT

2016

BI TP PHN TCH TI CHNH

Tm tt cng thc:
Gi tr tng lai ca tin t:
Gi tr hin ti ca tin t:

(1 + )

/(1 + )

Gi tr hin ti ca chui tin u t nm 1 n:

Gi tr tng lai ca chui tin u t nm 1 n:
Gi tr hin ti thun:
Kt qu thu c t u t:

=
=

= [(1 + ) 1]

tng chi ph chit khu

Bi 1: ng M phi tr cho ng N 1000 USD nm th 2 v 3000 USD nm th 5 k t

thi im hin ti. Nu lm li hp ng tr ht s tin ny vo nm th 3 th ng M
phi tr bao nhiu? Bit rng li sut l 6%/nm.
Bi 2: Mt dy chuyn sn xut linh kin my tnh c bn vi gi 2000 USD v tr gp
thm 12 thng, mi thng 250 USD, trn c s li sut 18%/thng. Hi nu mun mua dy
chuyn ny v tr ngay ht s tin th phi tr bao nhiu?
Bi 3: Gi s ng A tr c 7 ln 10 triu VN cui mi nm cho mt s tin vay
100 triu VN vi li sut 5%/nm. Hi nu ng ta mun tr ht s tin cn li trong 5 ln
tr cui mi nm tip theo th phi tr s tin l bao nhiu mi nm?
Bi 4: Bn cho thu nh vi gi 6000$ mt nm thanh ton vo cui nm trong thi hn 5
nm. Ton b tin cho thu c k gi vo ngn hng vi li sut kp 6%/nm. Sau 5
nm, s tin c c c gc v li l bao nhiu?
Bi 5: ng A cho ng B mn 1000$. Sau 8 nm, ng B phi tr cho ng A s tin 3000$.
Hi ng A cho ng B mn vi li sut bao nhiu?
Bi 6: Bn cho vay 1000$ vi li sut 10%/nm. Sau khong thi gian bao lu, bn nhn
c c gc ln li l 5000$.
Bi 7: ng A vay 22000$ vi li sut 12%/nm trong khong thi gian theo hp ng l 6
nm. Xc nh s tin ng A phi tr hng nm.

HTNTHUY 1

BI TP QUN L D N CNTT

2016

Bi 8: chun b chn 1 trong 2 d n A v B, vi s tin chi ph cho mi d n ngay

nm u (nm th 0) u l 1000 USD, s tin thu c cho mi d n c c lng
nh sau:
D n

Nm 1

Nm 2

Nm 3

Nm 4

500

500

500

500

800

800

200

200

Tnh NPV, ROI, thi im hon vn, t chn mt d n. Bit li sut r = 10%.
Hng dn:
D n A:
D n A

Nm 0
0.10
0
1,000
0.00
1,000.00

Nm 1

Nm 0

Nm 1

Li sut
500
Li nhun
0
Chi ph
454.55
Li nhun khu hao
0.00
Chi ph khu hao
NPV =Li nhun khu hao - Chi ph khu hao =
58.5%
ROI

Nm 2

Nm 3

Nm 4

Tng

500
0
413.22
0.00

500
0
375.66
0.00

500
0
341.51
0.00

2,000
1,000
1,584.93
1,000
584.93

Nm 2

Nm 3

Nm 4

Tng

800
0
661.16
0.00

200
0
150.26
0.00

200
0
136.60
0.00

2,000
1,000
1,675.30
1,000
675.30

D n B:
D n

0.10
Li sut
0
800
Li nhun
1,000
0
Chi ph
0.00
727.27
Li nhun khu hao
1,000.00
0.00
Chi ph khu hao
NPV =Li nhun khu hao - Chi ph khu hao =
67.5%
ROI

Xc nh thi gian thu hi vn: xem cch lm bi 11.

So snh 3 tiu ch quyt nh chn d n
Bi 9: Gi s c 2 d n A v B c c lng vi cc s liu sau y:
D n A
Nm 0

Nm 1

Nm 2

Nm 3

Nm 4

Nm 5

Tin u t

500

100

Li nhun

250

350

450

500

-100

HTNTHUY 2

BI TP QUN L D N CNTT

2016

D n B
Nm 0

Nm 1

Nm 2

Nm 3

Nm 4

Nm 5

Tin u t

100

50

Li nhun

-100

200

200

200

300

Bit li sut r = 10%. Tnh NPV, ROI, thi im hon vn cho mi d n, t hy chn
mt d n.
Bi 10: Hai d n u c vn u t ban u l 8 t ng. Chui thu nhp ca hai d n
c xc nh nh sau:
D n

Nm 1

Nm 2

Nm 3

Nm 4

A (t ng)

B (t ng)

Nm 5

Nm 6

Tnh NPV, ROI, thi im hon vn, t chn mt d n. Bit li sut r = 10%.
Bi 11: Bng sau y gii thiu c lng ca mt d n

Tin u t
Tin khai thc

Nm 0

Nm 1

Nm 2

Nm 3

Nm 4

Nm 5

100

30

30

30

40

40

Xc nh thi im thu hi vn ban u. Bit li sut mi nm r = 10%.

Hng dn:
D n
Li sut
Li nhun
Chi ph
Li nhun khu hao
Chi ph khu hao
Li nhun tch ly
Chi ph tch ly

LNTL-CPTL

Nm 0
0.10
0
100
0.00
100.00
0.00
100.00
-100.00

Nm 1

Nm 2

Nm 3

Nm 4

Nm 5

30
0
27.27
0.00
27.27
100.00
-72.73

30
0
24.79
0.00
52.07
100.00
-47.93

30
0
22.54
0.00
74.61
100.00
-25.39

40
0
27.32
0.00
101.93
100.00
1.93

40
0
24.84
0.00
126.76
100.00
26.76

Thi im ha vn = 3 + |-25.39|/27.32 = 3.93 nm

Bi 12: Lm li bi tp 8 vi bng s liu sau:
D n

Nm 1

Nm 2

Nm 3

Nm 4
HTNTHUY 3

BI TP QUN L D N CNTT

300

300

700

700

700

700

300

300

2016

Xc nh thi im thu hi vn ca 2 d n trn.

Bi 13: Xc nh NPV, thi im ha vn ca d n c d liu nh sau:
D n

Nm 0

Nm 1

Nm 2

Nm 3

Chi ph

110000

52000

46000

42000

Li nhun

80200

120400

130200

Bit r = 8%.

HTNTHUY 4