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TVM- und Amortisationsarbeitsblätter 35
Da der Ausdruck (1 + I/Y / 100)
-N
in der Gleichung zur Berechnung der
Barwert-Annuität bei einem Anstieg von N gegen Null läuft, können Sie
mit diesen Gleichungen den Barwert einer ewigen Rente berechnen:
Nachschüssige Rente
Vorschüssige Rente
Beispiel: Berechnen des Barwerts variabler Cash-
Flows
Das Unternehmen ABC hat eine Maschine erworben, mit der jeweils zum
Jahresabschluss die folgenden Einsparungen erzielt werden:
Überschreitet der Barwert der Cash-Flows bei einem Diskontsatz von
10 % die Anschaffungskosten?
Jahr
1234
Betrag
€ 5.000 € 7.000 € 8.000 € 10.000
Vorgang Drücken Anzeige
Alle Variablen auf Standardwerte
zurücksetzen
& } !
RST 0.00
Zinssatz pro Cash-Flow-Periode
eingeben
10 -
I/Y=
10.00
Ersten Cash-Flow e
ingeben
5000 S 0
FV=
-5,000.00
Erste Ca
sh-Flow-Periode eingeben
1 ,
N=
1.00
PV
PMT
I/Y100
---------------------------
=
PV PMT
PMT
I/Y100
----------------------------
+=
41


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