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34 Feuilles de calcul Time-Value-of-Money et Amortization
Réponse : la valeur actuelle du bénéfice est de 122 891,34 avec une
annuité de capitalisation et de 135 180,48 avec une annuité de
placement.
Exemple : Calcul d'annuités perpétuelles
Pour moderniser son réseau d'autoroute, la société Land of Oz a émis des
obligations perpétuelles rapportant 110 euros par obligation de
1 000 euros. Quel prix devez-vous payer les obligations pour gagner 15 %
par an ?
Réponse : vous devez payer 733,33 pour une annuité de capitalisation
perpétuelle et 843,33 pour une annuité de placement perpétuelle.
Une annuité perpétuelle peut être une annuité de capitalisation ou une
annuité de placement consistant en des versements égaux à vie (par
exemple, une action donnée dont le rendement est un dividende en
euros constants).
Annuité de capitalisation perpétuelle
Repasser en mode standard
& U
0.00
Calculer la valeur actuelle
(annuité de placement)
% .
PV=
135,180.48
Å
Pour Appuyez sur Affichage
Calculer la valeur actuelle d'une
annuité de capitalisation
perpétuelle
110 6 15 2 N
733.33
Calculer la valeur actuelle d'une
annuité de placement perpétuelle
H 110 N
843.33
Pour Appuyez sur Affichage
42


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