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194 Hoofdstuk 13: Investeringsanalyse
File name: hp 12c pt_gebruikershandleiding_Nederlands_D_HDPMF123D08 Page: 194 of 279
Printed Date: 2005/8/4 Dimension: 14.8 cm x 21 cm
2. Bereken de contante waarde van de negatieve kasstromen (NPV) tegen een veilige
percentage.
3. Uitgaande van n, PV en FV, los het probleem op naar i.
Voorbeeld:
Een investeerder heeft de volgende onconventionele investeringskans. De
kasstromen zijn als volgt:
Groep # Maanden Kasstroom ()
0 1 –180.000
1 5 100.000
2 5 –100.000
3 9 0
4 1 200.000
Bereken de MIRR uitgaande van een conservatief rendement van 6% en een
herinvesteringsrendement (risicopercentage) van 10%.
Intoetsen
(RPN modus)
Intoetsen
(ALG modus)
Scherm
f]
f[
f
CLEAR
H
f
CLEAR
H
0,00
0
gJ
0
gJ
0,00
Eerste kasstroom.
100000
gK
100000
gK
100.000,00
5
ga
5
ga
5,00
Tweede tot en met de zesde
kasstroom.
0
gK
5
ga
0
gK
5
ga
5,00
Volgende vijf kasstromen.
0
gK
9
ga
0
gK
9
ga
9,00
Volgende negen
kasstromen.
200000
gK
200000
gK
200.000,00
Laatste kasstroom.
10
gCfl
10
gCfl
657.152,37
NPV van de positieve
kasstromen.
Þ$
Þ$
-657.152,37
20
nM
20
nM
775.797,83
NFV van de positieve
kasstromen.
194


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