RESPOSTAS DO LIVRO DE MATEMTICA FINANCEIRA APLICADA

PGINA 32
1) M = C . ( 1 + i . n ) M = 90000 . ( 1 + 0,045 . 8 ) M = 122400,00
2) M = C . ( 1 + i . n ) 233250 = C . ( 1 + 0,001 . 555) 233250 = C . 1,555
C = (233250) : (1,555) C = 150000,00
3) J = C . i . n 48,30 = C . 0,0115 . 1 C = (48,30) : (0,0115) C = 4200,00
4) M = C . ( 1 + i . n ) M = 12000 . ( 1 + 0,012 . 5 ) M = 12720,00
5) M = C . ( 1 + i . n ) M = 115000 . ( 1 + 0,0009 . 20) M = 117070,00
6) J = C . i . n J = 40000 . 0,024 . 5 J = 4800,00
7) J = C . i . n J = 1000 . 0,001 . 125 J = 125,00 M = C + J M = 1125,00
8) J = C . i . n 1024,80 = 8000 . i . 183 i = 1024,80/ 1464000 i = 0,0007
i = 0,07% a.d. i = 2,1% a.m. i = 25,2% a.a.
9) J = C . i . n J = 12500 . 0,0006 . 40 J = 300,00
10) M = C . ( 1 + i . n ) 200000 = C . ( 1 + 0,25 . 6 ) C = 200000/2,5
C = 80000,00
11) M = C . ( 1 + i . n ) M = 7500 . ( 1 + 0,0005 . 20 ) M = 7575,00
12) M = C . ( 1 + i . n ) 272000 = 200000 . ( 1 + i . 12 ) 272000/200000 = 1 + i . 12
1,36 1 = i . 12 i = 0,36/12 i = 0,03 i = 3% a.m.
13) M = C . ( 1 + i . n ) M = 2400 . ( 1 + 0,025 . 9 ) M = 2940,00
14) a) J = C . i . n J = 2500 . 0,0166666... . 2 J = 83,33 M = 2583,33
b) J = C . i . n J = 2500 . 0,000547945... . 61 J = 83,56 M = 2583,56
c) J = C . i . n J = 2500 . (0,20/360) . 61 J = 84,72 M = 2584,72
15) J = M C J = 11439 9999 J = 1440
J = C . i . n 1440 = 8000 . i . 3 i = 1440/24000 i = 0,06 a.m. i = 6% a.m.
16) M = C . ( 1 + i . n ) 1301,03 = 1245 . ( 1 + i . 3 ) i = 1301,03/1245 = 1 + i . 3
1,045 1 = i . 3 i = 0,045/3 i = 0,015 a.m. i = 1,5% a.m.
17) M = C . ( 1 + i . n ) 23100 = C . [1 + ( 0,24/360 ) . 75] 23100 = C . 1,05
C = 23100/1,05 C = 22000
18) M = C . ( 1 + i . n ) 25482,00 = 20550 . ( 1 + 0,02 . n) 25482/20550 = 1 + 0,02 . n
1,24 = 1 + 0,02 . n = 1,24 1 = 0,02 . n n = 0,24/0,02 12 meses
19) 2000 . 1000 = 2.000.000 (valor que receberia se tivesse vendido as sacas a R$ 1.000,00)
2000 . 1100 = 2.200.000 (valor pelo qual efetivamente vendeu 3 meses mais tarde)
M = C . ( 1 + i . n ) M = 2000000 . ( 1 + 0,04 . 3 ) M = 2240000 (valor que teria se tivesse
vendido por R$ 1.000,00 e aplicado o dinheiro durante os 3 meses)
O fazendeiro teve prejuzo de R$ 40.000,00
20) M = C . ( 1 + i . n ) M = 1450 . ( 1 + 0,012 . 24 ) M = 1867,60
21) M = C . ( 1 + i . n ) M = 2000 . ( 1 + 0,03 . 36 ) M = 4.160,00

22) M = C . ( 1 + i . n ) M = 3000 . ( 1 + 0,045 . 5 ) M = 3.675,00

23) J = C . i . n J = 50000 . 0,0225 . 6 J = 6.750,00
24) M = C . ( 1 + i . n ) 31968 = C . ( 1 + 0,12 . 4 ) C = 31968/1,48 C = 21.600,00
25) M = C . ( 1 + i . n ) 42160 = C . ( 1 + 0,02 . 12 ) C = 42160/1,24 C = 34.000,00
26) J = C . i . n 2160 = C . 0,06 . 3 C = 2160/0,18 C = 12.000,00
27) M = C . ( 1 + i . n ) 5050 = 5000 . ( 1 + 0,0005 . n ) 1 + 0.0005. n = 5050/5000
0,0005 . n = 1,01 1 n = 0,01/ 0,0005 n = 20 dias
28) M = C . ( 1 + i . n ) 4200 = 1750 . ( 1 + 0,20 . n ) 1 + 0.20. n = 4200/1750
0,20 . n = 2,4 1 n = 1,4/ 0,20 n = 7 anos
29) M = C . ( 1 + i . n ) 2124 = 1800 . ( 1 + 0,36 . n ) 1 + 0.36. n = 2124/1800
0,36 . n = 1,18 1 n = 0,18/ 0,36 n = 0,5 anos n = 6 meses
30) M = C . ( 1 + i . n ) 11200 = 8000 . ( 1 + i . 24 ) 1 + i . 24 = 11200/8000
24 . i = 1,4 1 n = 0,4/ 24 i = 0,0166666... a.m. i = 10% a.s.
31) M = C . ( 1 + i . n ) 2950 = 2500 . ( 1 + i . 3 ) 1 + i . 3 = 2950/2500
3 . i = 1,18 1 n = 0,18/ 3 i = 0,06 a.t. i = 6% a.t.
32) M = C . ( 1 + i . n ) 2100 = 1680 . ( 1 + i . 5 ) 1 + i . 5 = 2100/1680
5 . i = 1,25 1 n = 0,25/ 5 i = 0,05 a.m. i = 5% a.m.
33) M = C . ( 1 + i . n ) 21850 = 20000 . ( 1 + i . 2 ) 1 + i . 2 = 21850/20000
2 . i = 1,0925 1 n = 0,0925/ 2 i = 0,04625 a.m. i = 4,625% a.m.
34) M = C . ( 1 + i . n ) 880 = 800 . ( 1 + i . 2 ) 1 + i . 2 = 880/800
2 . i = 1,1 1 n = 0,1/ 2 i = 0,05 a.m. i = 5% a.m.
35) J = C . i . n 900 = C . 0,06 . 3 C = 900/0,18 C = 5.000,00 M = C + J
M = 5000 + 900 M = 5900,00
36) J = C . i . n J = 2650 . 0,03333... . 6 J = 530,00
37) J = C . i . n 10000 = 8000 . 0,12 . n n = 10000/960 n = 10,41666666 anos
n = (10,41666666 anos) . 12 n = 125 meses
38) J = C . i . n 6160 = 38500 . 0,032 . n n = 6160/1232 n = 5 meses
39) J = C . i . n 2x = x . 0,20 . n n = 2x/0,20x n = 10 anos
40) J = C . i . n 384 = 4800 . 0,12 . n n = 0,66666... anos n = (0,666666 anos) . 12
n = 8 meses
41) J = C . i . n J = 800 . 0,02 . 4 J = 64,00
42) M = C + j M = 800 + 64 M = 864,00
43) J = C . i . n 117,50 = 2350 . i . 2 i = 117,50/4700 i = 0,025 i = 2,5% a.m.
44) M = C . ( 1 + i . n ) 11800 = 10000 . ( 1 + 0,018 . n ) 1 + 0,018 . n = 11800/10000
0,018 . n = 1,18 1 n = 0,18/ 0,018 n = 10 meses

45) J = C . i . n J = 4560 . 0,01 . 17 J = 775,20

46) M = C . ( 1 + i . n ) 5535,20 = C . ( 1 + 0,015 . 24 ) C = 5535,20/1,36 C = 4.070,00
47) M = C . ( 1 + i . n ) 58400 = 40000 . ( 1 + 0,02 . n ) 1 + 0,02 . n = 58400/40000
0,02 . n = 1,46 1 n = 0,46/ 0,02 n = 23 meses
48) J = C . i . n 2000 = 2000 . 0,04 . n n = 2000/80 n = 25 meses
49) M = C . ( 1 + i . n ) 960 = 800 . ( 1 + i . 2 ) 1 + i . 2 = 960/800
2 . i = 1,2 1 i = 0,2/ 2 i = 0,1 a.m. i = 10% a.m.
50) M = C . ( 1 + i . n ) 3246 = C . ( 1 + 0,0006 . 400 ) C = 3246/1,24
C = 2.617,74
PGINA 46
1) DC = M . i . n DC = 3900 . ( 0,24/12 ) . 3 DC = 234,00
2) DC = M . i . n DC = 3250 . ( 0,30/360 ) . 105 DC = 284,38
3) DC = M . i . n DC = 44250 . ( 0,18/12 ) . 5 DC = 3318,75
VC = M DC VC = 44250 3318,75 VC = 40931,25
4) Dr = Vr . i . n ( 38444 34325 ) = 34325 . i . 115 4119 = 3947375 . i
i = 4119/3947375 i = 0,001043478 a.d. i = 0,031304348 i = 3,13% a.m.
Obs.: n = 8 + 31 + 30 + 31 + 15 = 115 dias
5) DC = Dr . ( 1 + i . n ) DC = 2800 . ( 1 + 0,02 . 4 ) DC = 3024,00
6) M . ( 1 i . n ) = M1 . ( 1 i . n1 ) 55000 . [1 ( 0,30/360 ) . 30] = M1 . [1 ( 0,30/360 ) . 90]
53625 = M1 . 0,925 M1 = 53625/0,925 M1 = 57972,97
7) DC = M . i . n DC = 8000 . ( 0,02/30 ) . 79 DC = 421,33
8) DC = M . i . n ( 3200 2854,40 ) = 3200 . i . 90 345,60 = 288000 . i
i = 345,60/288000 i = 0,0012 a.d. i = 0,036 a.m. i = 3,6% a.m.
9) DC = M . i . n ( 4665 4156,51 ) = 4665 . 0,0218 . n 508,49 = 101,697 . n
n = 508,49/101,697 n = 5,000049... meses. n = 5 meses
10) VC = M . ( 1 i . n ) 952 = M . [1 ( 0,0192/30 ) . 75] 952 = M . 0,0952
M = 952/0,0952 M = 1000,00
11) DC = M . i . n 747,72 = 8345 . i . 80 747,72 = 667600 . i i = 747,72/667600
i = 0,001120... a.d. i = 0,03360... a.m. i = 3,36% a.m.
12) Vr = M Dr Vr = 8000 233,01 Vr = 7766,99 Vr = M/( 1 + i . n )
7766,99 = 8000/( 1 + 0,0012 . n ) 1 + 0,0012 . n = 8000/7766,99
0,0012 . n = 1,03 1 n = 0,03/0,0012 n = 25 dias
13) Dr = Vr . i . n 540 = Vr . 0,003 . 40 540 = Vr . 0,12 Vr = 540/0,12
Vr = 4500,00 Vr = M Dr 4500 = M 540 M = 4500 + 540 M = 5040,00
14) DC = M . i . n DC = 589 . 0,015 . 2 DC = 17,67
15) VC = M . ( 1 i . n ) 458,72 = M . [ 1 ( 0,02/30 ) . 36] 458,72 M . 0,976
M = 458,72/0,976 M = 470,00

16) DC = M . i . n 50 = 1000 . i . 5 50 = 5000 . i i = 50/5000 i = 0,01 a.m.

i = 1% a.m.
17) DC = M . i . n 252 = 2100 . 0,02 . n 252 = 42 . n n = 252/42 n = 6 meses
18) DC = M . i . n DC = 3000 . 0,025 . 4 DC = 300 VC = M - DC VC = 3000 300
VC = 2700,00
19) Vr = M/( 1 + i . n ) Vr = 4600/[( 1+(0,3/12 ) . 6] Vr = 4600/1,15 Vr = 4000,00
20) Vr = M Dr Vr = 2388,96 255,96 Vr = 2133,00
Vr = M/( 1 + i . n ) 2133 = 2388,96/( 1 + i . 4 ) 1 + i . 4 = 2388,96/2133
4 . i = 1,12 1 i = 0,12/4 i = 0,03 a.m. i = 3% a.m.
PGINA 64
1) M = C . ( 1 + i )n M = 2800 . ( 1 + 0,1 )4 M = 2800 . 1,4641 M = 4099,48
2) M = C . ( 1 + i )n 39398,95 = 28700 . ( 1 + 0,02 )n 39398,95/28700 = ( 1 + 0,02 )n
1,372785714 = ( 1 + 0,02 )n log 1,372785714 = n . log 1,02
0,137602751 = n . 0,008600172 n = 0,137602751/0,008600172 n = 15,99999988...
n = 16 meses

2=1+i
3) M = C . ( 1 + i )n 40000 = 20000 . ( 1 + i )36 40000/20000 = ( 1 + i )36
1 + i = 1,019440644 i = 1,019440644 1 i = 0,019440644 i = 1,9441% a.m.
36

4) M = C . ( 1 + i )n M = 9000 . ( 1 + 0,014 )105/30 M = 9000 . ( 1,014 )3,5

M = 9000 . 1,049863513 M = 9448,771617 M = 9448,77
5) M = C . ( 1 + i )n 35000 = C . ( 1 + 0,018 )6 35000 = C . 1,112978226
C = 35000/1,112978226 C = 31447,15609 C = 31447,16
6) M = C . ( 1 + i )n 107179,44 = 50000 . ( 1 + 0,1 )n 107179,44/50000 = ( 1 + 0,1 )n
2,1435888 = ( 1,1 )n log 2,1435888 = n . log 1,1 0,331141479 = n . 0,041392685
n = 0,331141479/0,041392685 n = 7,99999998... n = 8 semestres
7) M = C . ( 1 + i )n 8813,29 = 8000 . ( 1 + i )4 8813,29/8000 = ( 1 + i )4
4

1,10166125 = 1 + i 1 + i = 1,024500131 i = 1,024500131 1 i = 0,024500131

i = 2,45% a.m.

8) J = C . [( 1 + i )12 1] J = 15000 . [( 1 + 0,025 )12 1] J = 15000 . [1,344888824 1]

J = 15000 . 0,344888824 J = 5173,332360... J = 5173,33
9) M = C . ( 1 + i )n 27450 = C . ( 1 + 0,0175 )3 27450 = C . 1,053424109
C = 27450/1,053424109 C = 26057,88093 C = 26057,88
10) M = C . ( 1 + i )n 32000 = C . ( 1 + 0,025 )4 32000 = C . 1,103812891
C = 32000/1,103812891 C = 28990,42 A troca vantajosa.
11) iq = ( 1 + it )q/t 1 iq = ( 1 + 0,18 )1/6 1 iq = 0,027969749 iq = 2,7969749% a.m.
12) iq = ( 1 + it )q/t 1 iq = (1 + 0,36 )1/4 1 iq = 0,079902949 iq = 7,9902949% a.m.
13) M = C . ( 1 + i )n . ( 1 + i . n ) M = 28400 . ( 1 + 0,08 )5 . [1 + 0,08 . (1/3)]
M = 28400 . 1,469328077 . 1,026666667 M = 42841,68854 M = 42841,69
14) M = C . ( 1 + i )n M = 28400 . ( 1 + 0,08 )16/3 M = 28400 . 1,507509401

M = 42813,26699 M = 42813,27
15) M = C . ( 1 + i )n M = 100000 . ( 1 + 0,25 )2 M = 100000 . 1,5625
M = 156250 J = M C J = 156250 100000 J = 56250
16) M = C . ( 1 + i )n M = 55000 . ( 1 + 0,0325 )5 M = 55000 . 1,173411396
M = 64537,62678 J = M C J = 64537,62678 55000 J = 9537,63
17) M = C . ( 1 + i )n M = 1000 . ( 1 + 0,022 )24 M = 1000 . 1,685859972 M = 1685,86
18) M = C . ( 1 + i )n M = 4300 . ( 1 + 0,09 )6 M = 4300 . 1,677100111 M = 7211,53
19) M = C . ( 1 + i )n 42000 = 35000 . ( 1 + i )8 42000/35000 = ( 1 + i )8

20) M = C . ( 1 + i )n 15200 = 10000 . ( 1 + i )4 15200/10000 = ( 1 + i )4

1,2 = 1 + i

1 + i = 1,023051875 i = 1,023051875 1 i = 0,023051875 i = 2,30519% a.m.

1,52 = 1 + i

1 + i = 1,110352557 i = 1,110352557 1 i = 0,110352557 i = 11,03526% a.s.

21) M = C . ( 1 + i )n 2744,35 = 1800 . ( 1 + i )6 2744,35/1800 = ( 1 + i )6

6

1,524638889 = 1 + i 1 + i = 1,072822399 i = 1,072822399 1 i = 0,072822399

i = 7,28224% a.m.

22) M = C . ( 1 + i )n 2247,94 = 1800 . ( 1 + 0,016 )n 2247,94/1800 = ( 1 + 0,016 )n

1,248855556 = ( 1,016 )n log 1,248855556 = n . log 1,016
0,09651221 = n . 0,006893708 n = 0,09651221/0,006893708
n = 14,00004323... n = 14 meses
23) iq = ( 1 + it )q/t 1 iq = ( 1 + 0,04 )1/30 1 iq = 0,001308212 iq = 0,1308212% a.d.
M = C . ( 1 + i )n M = 1450 . ( 1 + 0,001308212 )15 M = 1450 . 1,019803902
M = 1478,715658 M = 1478,72 J = M C J = 1478,72 1450 J = 28,72
24) iq = ( 1 + it )q/t 1 iq = ( 1 + 0,09 )1/6 1 iq = 0,014466592 iq = 1,4466592% a.m.
M = C . ( 1 + i )n M = 38440 . ( 1 + 0,014466592 )3 M = 38440 . 1,04403065
M = 40132,53819 M = 40132,54
25) 1100 300 = 800
M = C . ( 1 + i )n 990 = 800 . ( 1 + i )3 990/800 = ( 1 + i )3 1,2375 = ( 1 + i )3
3

1,2375 = 1 + i i = 1,073614585 1 i = 0,073614585 i = 7,36146% a.m.

26) M = C . ( 1 + i )n M = 13000 . ( 1 + 0,25 )3 M = 13000 . 1,953125

M = 25390,625 M = 25390,63
27) M1 = C . ( 1 + i )n M1 = 20000 . ( 1 + 0,15 )10 M1 = 20000 . 4,045557736
M1 = 80911,15
M2 = C . (1 + i )n M2 = 80911,15 . ( 1 + 0,18 )10 M2 = 80911,15 . 5,233835554
M2 = 423475,65
M3 = C . ( 1 + I )n M3 = 423475,6536 . ( 1 + 0,17 )15 M3 = 423475,65 . 10,53872146
M3 = 4462891,92
28) iq = ( 1 + it )q/t 1 iq = ( 1 + 0,00 1)30/1 1 iq = 0,030439088 iq = 3,0439088% a.m.
M = C . ( 1 + i )n 22642,53 = 15800 . ( 1 + 0,030439088 )n
22642,53/15800 = ( 1 + 0,030439088 )n 1,433071519 = ( 1,030439088 )n
log 1,433071519 = n . log 1,030439088 0,156267864 = n . 0,013022325
n = 0,158438266/0,013022325 n = 12 meses
29) M = C . ( 1 + i )n 6094,97 = 5000 . ( 1 + i )10 6094,97/5000 = ( 1 + i )10

1,218994 = ( 1 + i )10

10

i = 2% a.m.

1,218994 = 1 + i i = 1,019999965 1 i = 0,019999965

30) M = C . ( 1 + i )n 31449,06 = 22000 . ( 1 + i )24 31449,06/22000 = ( 1 + i )24

1,429502727 = ( 1 + i )24

24

i = 0,015 i = 1,5% a.m.

1,429502727 = 1 + i i = 1,015 1

PGINA 76
1) a) M = C . ( 1 + i )n 11244,55 = 10000 . ( 1 + i )1 11244,55/10000 = ( 1 + i )1
1,124455 = ( 1 + i )1

1,124455 = 1 + i i = 1,124455 1

i = 0,124455 i = 12,4455% a.perodo

b) M = C . ( 1 + i )n 11244,55 = ( 10000 25 38 ) . ( 1 + i )1 11244,55/9937 = ( 1 + i )1
1,131583979 = ( 1 + i )1

1,131583979 = 1 + i i = 1,131583979 1

i = 0,131583979 i = 13,1584% a.perodo

c) Capital corrigido = ( 10000 25 38 ) . 1.105 = 10980,385
M = C . ( 1 + )n 11244,55 = 10980,39 . ( 1 + i )1 11244,55/10980,39 = ( 1 + i )1
1,024057433 = ( 1 + i )1

1,024057433 = 1 + i i = 1,024057433 1

i = 0,024057433 i = 2,4057% a.perodo

2) a) M = C . ( 1 + i )n 4928,34 = 4320 . ( 1 + i )1 4928,34/4320 = ( 1 + i )1

1,140819444 = ( 1 + i )1

1,140819444 = 1 + i i = 1,140819444 1

i = 0,140819444 i = 14,0819% a.perodo

b) M = C . ( 1 + i )n 4928,34 = ( 4320 33,50 38 ) . ( 1 + i )1
4928,34/4248,50 = ( 1 + i)1 1,16001883 = ( 1 + i)1

1,16001883 = 1 + i

i = 1,16001883 1 i = 0,16001883 i = 16,0019% a.perodo

c) Capital corrigido = (4320 33,50 38 ) . 1,0544 = 4479,6184
M = C . ( 1 + i )n 4928,34 = 4479,62 . ( 1 + i )1 4928,34/4479,62 = ( 1 + i )1
1,100169211 = ( 1 + i )1

1,100169211 = 1 + i i = 1,100169211 1

i = 0,100169211 i = 10,0169% a.perodo

3) a) M = C . ( 1 + i )n 15425,25 = 12400 . ( 1 + i )1 15425,25/12400 = ( 1 + i )1

1,243971774 = ( 1 + i )1

1,304519357 = ( 1 + i )1

1,243971774 = 1 + i i = 1,243971774 1

i = 0,243971774 i = 24,3972% a.perodo

b) M = C . ( 1 + i )n 15425,25 = 11824,47 . ( 1 + i )1 15425,25 /11824,47 = ( 1 + i )1

1,304519357 = 1 + i i = 1,304519357 1

i = 0, 304519357 i = 30,4519% a.perodo

4) a) M = C . ( 1 + i )n 8888,25 = 8000 . ( 1 + i )1 8888,25 /8000 = ( 1 + i )1

1,11103125 = ( 1 + i )1

1,11103125 = 1 + i i = 1,11103125 1

i = 0,11103125 i = 11,1031% a.perodo

b) M = C . ( 1 + i )n 8888,25 = ( 8000 45 ) . ( 1 + i )1 8888,25 /7955 = ( 1 + i )1
1,117316153 = ( 1 + i )1

1,117316153 = 1 + i i = 1,117316153 1

i = 0,117316153 i = 11,7316% a.perodo

5) a) M = C . ( 1 + i )n 29345,26 = 27544 . ( 1 + i )1 29345,26/27544 = ( 1 + i )1

1,06539573 = ( 1 + i )1

1,06539573 = 1 + i i = 1,06539573 1

i = 0,06539573 i = 6,5396% a.perodo

b) M = C . ( 1 + i )n 29345,26 = ( 27544 115 ) . ( 1 + i )1 29345,26/27429 = ( 1 + i )1
1,069862554 = ( 1 + i )1

1,069862554 = 1 + i i = 1,069862554 1

i = 0,069862554 i = 6,9863% a.perodo

6) a) M = C . ( 1 + i )n 5950 = 5200 . ( 1 + i )1 5950/5200 = ( 1 + i )1
1,144230769 = ( 1 + i )1

1,122596154 = ( 1 + i )1

1,144230769 = 1 + i i = 1,144230769 1

i = 0,144230769 i = 14,4231% a.perodo

b) M = C . ( 1 + i )n ( 5950 112,50 ) = 5200 . ( 1 + i )1 5837,50/5200 = ( 1 + i )1

1,122596154 = 1 + i i = 1, 122596154 1

i = 0, 122596154 i = 12,2596% a.perodo

c) Capital corrigido = 5200 . 1,03 = 5356

M = C . ( 1 + i )n 5837,50 = 5356 . ( 1 + i )1 5837,50/5356 = ( 1 + i )1
1,089899178 = ( 1 + i )1

1,089899178 = 1 + i i = 1, 089899178 1

i = 0, 089899178 i = 8,9899% a.perodo

7) a) M = C . ( 1 + i )n ( 5932 139,80 ) = 5000 . ( 1 + i )1 5792,20/5000 = ( 1 + i )1

1,15844 = ( 1 + i )1

1,15844 = 1 + i i = 1, 15844 1

i = 0, 15844 i = 15,844% a.perodo

b) Capital corrigido = 5000 . 1,02 = 5100
M = C . ( 1 + i )n 5792,20 = 5100 . ( 1 + i )1 5792,20 /5100 = ( 1 + i )1
1,13572549 = ( 1 + i )1

1,13572549 = 1 + i i = 1,13572549 1

i = 0,13572549 i = 13,5725% a.perodo

8) a) M = C . ( 1 + i )n 5240,20 = 5000 . ( 1 + i )1 5240,20 /5000 = ( 1 + i )1

1,04804 = ( 1 + i )1

1,04804 = 1 + i i = 1,04804 1

i = 0, 04804 i = 4,804% a.perodo

b) M = C . ( 1 + i )n ( 5240,20 36,03 ) = 5000 . ( 1 + i )1 5204,17/5000 = ( 1 + i )1
1,040834 = ( 1 + i )1

1,040834 = 1 + i i = 1,040834 1

i = 0,040834 i = 4,0834% a.perodo

c) Capital corrigido = 5000 . 1,0088 = 5044
M = C . ( 1 + i )n ( 5240,20 36,03 ) = 5044 . ( 1 + i )1 5204,17/5044 = ( 1 + i )1
1,03175456 = ( 1 + i )1

1,03175456 = 1 + i i = 1,03175456 1

i = 0,03175456 i = 3,1755% a.perodo

9) M = C . ( 1 + i )n 5000 = 4444 . ( 1 + i )3 5000/4444 = ( 1 + i )3

1,115112511 = ( 1 + i )3

1,125112511 = 1 + i i = 1,040076582 1

i = 0,040076582 i = 4,0077% a.m

i = 4,0077% - 1%( inflao ) = 3,0077% a.m. Sim, foi rentvel

10) Capital corrigido = 2500 . ( 1,01 )48/30 = 2500 . 1,016047936 = 2540,15

M = C . ( 1 + i )n 2600 = 2540,12 . ( 1 + i )48/30 2600/2540,12 = ( 1 + i )48/30
1,023573689 = ( 1 + i )48/30

48 / 30

1,023573689 = 1 + i i = 1,014669126 1

i = 0,014669126 i = 1,4669% a.m. Sim, foi rentvel

11) Capital corrigido = 1600 . ( 1,015 )25/30 = 1600 . 1,012484465 = 1619,975144 = 1619,98
No foi rentvel, pois o capital corrigido pela inflao idntico ao montante recebido.
12) Capital corrigido = 8500 . (1,012)75/30 = 8500 . 1,03270539 = 8757,30
M = C . ( 1 + i )n 8950 = 8757,30 . ( 1 + i )75/30 8950/8757,30 = ( 1 + i )75/30
1,022004499 = ( 1 + i )75/30

75 / 30

1,022004499 = 1 + i i = 1,008744368 1

i = 0,008744368 i = 0,8744368% a.m. Sim, foi rentvel

13) i

1 i a 1
1 I

0,035

1 0,0844 1 1 I 1,0844
1 I
1,035

I = 1,047729469 1

I = 0,047729469 I = 4,77% a.m.

14)

1 i a 1 0,038 1 0,064855 1 1 I 1,064855

1 I
1 I
1,038

I = 1,025871869 1

I = 0,025871869 I = 2,59% a.m.

15) i

1 i a 1
1 I

0,02

1 0,09 1 1 I 1,09
1 I
1,02

1 i a 1
1 I

0,022

I = 1,06827451 1

I = 0,06827451 I = 6,86% a.m.

16) i

1 0,088 1 1 I 1,088
1 I
1,022

I = 1,064579256 1

I = 0,064579256 I = 6,46% a.m.

17) a) Clculo da taxa aparente:

M = C . ( 1 + ia )n 3044,50 = 2450 . ( 1 + ia )1 3044,50/2450 = ( 1 + ia )1
1,242653061 = ( 1 + ia )1

1,242653061 = 1 + ia ia = 1,242653061 1

ia = 0, 242653061 ia = 24,2653% a.perodo

b) Clculo da taxa real:

1 i a 1
1 I

1 0,242653 1 i 1,242653
1 0,10
1,10

i = 1,129684545 1

i = 0,129684545 i = 12,9685% a.perodo.

18) a) Clculo da taxa aparente:

M = C . ( 1 + ia )n 1000 = 850 . ( 1 + ia )1 1000/850 = ( 1 + ia )1
1,176470588 = ( 1 + ia )1

1,176470588 = 1 + ia ia = 1,176470588 1

ia = 0,176470588 ia = 17,6471% a.perodo

b) Clculo da taxa real:

1 i a 1
1 I

1 0,176471 1 i 1,176471
1 0,085
1,085

i = 1,084304689 1

i = 0,084304689 i = 8,4305% a.perodo.

19) Rendimento da poupana de 6% a.a. 0,5% a.m.

1 i a 1 i 1 0,0145 1
1 I
1 0,005

i = 0,009452736 i = 0,9453% a.m.

1,0145
i = 1,009452736 1
1,005

20) Rendimento da poupana de 6% a.a. 0,5% a.m.

1 i a 1 i 1 0,0260 1 i 1,0260
1 I
1 0,005
1,005

i = 1,020895522 1

i = 0,020895522 i = 2,0896% a.m.

PGINA 88
1) Vr = M/( 1 + i )n 43106,94 = 48000/( 1 + i )12 ( 1 + i )12 = 48000/43106,94
12
( 1 + i )12 = 1,113509797 1 + i =
1,113509797 i = 1,009000009 1
i = 0,009000009 i = 0,9% a.m.

2) iq = ( 1 + it )q/t 1 iq = ( 1 + 0,2682418 )1/12 1 iq = 0,02 iq = 2% a.m.

Dr = M . 1

1
1

1
Dr = 22452 . 1

22452
.

D
=

r
n
5

1 i
1,104080803
1 0,02
1

Dr = 22452 . 1 0,905730810 Dr = 22452 . 0,094269190 Dr = 2116,531854

Dr = 2116,53

3) Vr = M/( 1 + i )n 8801,77 = 10000/( 1 + 0,0215 )n ( 1,0215 )n = 10000/8801,77

( 1,0215 )n = 1,136135118 n . log 1,0215 = log 1,136135118
n . 0,009238371 = 0,055429984 n = 0,055429984/0,009238371 n = 5,999973825
n = 6 meses
4) DC = M . [1 ( 1 i )n] DC = 40000 . [1 ( 1 0,018 )12] DC = 40000 . [1 ( 0,982 )12]
DC = 40000 . [1 0,804151458] DC = 40000 . 0,195848543 DC = 7833,9417
DC = 7833,94
5) VC = M . ( 1 i ) n 23925,09 = 27000 . ( 1 I )8 23925,09/27000 = ( 1 I )8
8
0,886114444 = ( 1 I )8 0,886114444 = 1 i 0,984999992 = 1 i
i = 1 0,984999992 i = 0,015 a.m. i = 1,5% a.m.

6) VC = M . ( 1 i ) n 11091,02 = M . ( 1 0,0195 )4 11091,02 = M . ( 0,9805 )4

11091,02 = M . 0,924251985 M = 11091,02/0,924251985 M = 11999,99587
M = 12000,00
7)

M
M
M
2450
2450
2
2
2

n
n
4
6
1,082432160 1,126162419
1 i 1 1 i 2 1 0,02 1 0,02
M1

2263,421294

8)

9)

10)

M
2
2263,421294 . 1,126162419 = M2 M2 =2548,98
1,126162419

M
1 i8 4373,20 3
4000
4373,20
2

1 i 1,0933
1 in1 1 in2
1 i5 1 i8
1 i5 4000
3
1 + i = 1,0933 i = 1,030180004 1 i = 0,030180004 i = 3,018% a.m.
M1

M
M
M
8456
8456
2
2
2

n
n
4
6
1,074194873 1,048870933
1 i 1 1 i 2
1 0,012 1 0,012
7871,942245 . 1,048870933 = M2 M2 = 8256,651407 M2 = 8256,65

M
1

M1

n1

1 i

M
M
M
4000
4000
3
3
2

n2
n3
4
8
1 i
1 i
1 0,02 1 0,02 1 0,0212

M
M
3
3
3695,381704 + 3413,961485 =

1,082432160 1,171659381 1,268241795

1,268241795
7109,343189 . 1,268241795 = M3 M3 = 9016,366167 M3 = 9016,37
4000

4000

PGINA 115
1)

M
37400
M
M
M
=
+
+
+
5
2
3
1
(1 0,025)
( 1 0 ,025 )
( 1 0 ,025 )
( 1 0 ,025 )4
( 1 0,025 )

M
M
M
M
37400
=
+
+
+
1,131408213 1,025 1,050625 1,076890625 1,103812891

37400
1,24886297 M 1,218402897 M 1,188685753M 1,159693418M
=
1,131408213
1,280084544
37400
4,815645038M
=
1,131408213
1,280084544

5,448460347 M = 47875,16195
M = 8786,92
Pela calculadora HP 12C:
f
REG
37400
CHS FV
2.5 i
5
n
PV
(33.056,15)
33056.15 CHS PV
4
n
2.5 i
PMT
(8.786,92)
2)

f
REG
f
5
128000
CHS PV
48
n
4519.86 PMT
i
(2,4% a. m.)

3)

f
REG
f
2
40000
CHS FV
24
n
g
BEG
2
i
PMT
(1.289,06)

4)

f
REG
g
END
4568
CHS
PV
3.5 i
12
n
PMT
(472,71)
f
REG
g
BEG
1.98
i
120
n
84000
CHS
FV
PMT
(171,41)

5)

6)

f
f
9

REG
4
n

155
CHS
PMT
1179.19
PV
i
(4,4563% a. m.)
7)

f
REG
g
END
20000
CHS
2.9
i
902.46
PMT
n
(36 meses)

PV

7) PELA FRMULA

20.000,00

(1 + 0,029)n 1

(1 + 0,029)n . 0,029

902,46

902,46 . [(1,029)n 1] = 580 . (1,029)n

902,46 . (1,029)n 902,46 = 580 . (1,029)n
902,46 . (1,029)n 580 . (1,029)n = 902,46
322,46 . (1,029)n = 902,46
log [322,46 . (1,029)n ] = log 902,46
log 322,46 + log (1,029)n = log 902,46
log 322,46 + n . log (1,029) = log 902,46
n . log (1,029) = log 902,46 log 322,46
n = log 902,46 log 322,46
log 1,029
n = 2,955427962 2,50847587
0,012415374

n = 36 meses

8)

f
REG
g
BEG
36
n
1499
CHS
PMT
1.99
i
PV
(39.030,76)

9)

f
g
f
199
10
2.98
PV
CHS
0
3
PV

10)

f
REG
11999
CHS
PV
2
n
3.98
i
FV
(12.973,13)
CHS
PV
0
FV
5
n
PMT
(2.912,48)

11)

f
REG
27
n
200
CHS PMT
2.75
i
PV
(3.776,59)
f
REG
STO
EEX
f
5
100
CHS PV
102.75
FV
1
ENTER
3 : n
i
(8,47895% a. t.)
0
FV
0
PMT
3776.59
CHS
PV
9
n
PMT
(616,65)

12)

f
60
990
2.5

REG
END
2
CHS
PMT
n
i
(1.699,24)
FV
PMT
n
(1.555,96)

REG
n
CHS
i

PMT

PV
(30.599,57)
f
REG
f
5
STO
EEX
100
CHS
PV
102.5
FV
1
ENTER
6
: n
i
(15,96934% a. S.)
0
FV
0
PV
10
n
f
2
1000
CHS PMT
PV
(4.838,75)
38000 +
30599.57
+
(73.438,32)
13)

f
REG
100000
g CF0
0
g
CFj
50000
g CFj
0
g
CFj
3
g
Nj
60000
g CFj
0
g
CFj
5
g
Nj
70000
g CFj
2
i
f
NPV
(256.531,24)

14)

f
REG
100
CHS
PMT
8
n
2.6
i
PV
(713,97)

15)

f
REG
324
g
200
g
6
g
2.5
i
f
NPV

16)

17)

CF0
CFj
Nj
1.425,63)

12
340
1.9
PV
.75

REG
n
CHS
PMT
i
(3.617,80)
:
(4.823,73)

REG
n

100
3
PV
.8
18)

19)

CHS
PMT
i
(371,71)
:
(464,64)

REG
g
BEG
1220 CHS PV
8
n
3.3
i
PMT
(170,38)
f
REG
6000
ENTER 30
24
n
4
i
PMT
(275,46)

20)

f
REG
g
END
1840
CHS
PV
8
n
4
i
PMT
(273,29)

21)

f
REG
8500
ENTER
20
n
3.8
i
PMT
(460,81)

25

22)

f
REG
STO
EEX
100
CHS
PV
136
FV
f
5
6
n
i
(5,25833% a. b.)
30000
CHS
PV
10
n
0
FV
PMT
(3.934,03)

23)

f
REG
g
BEG
54356
CHS
PV
36
n
2.99
i
PMT
(2.413,82)

24)

f
f

REG
5

CHS

CHS

PV

PV

STO
EEX
100
CHS
PV
104
FV
1
ENTER
3
:
i
(12,48640% a. t.)
15600
CHS
PV
0
FV
8
n
PMT
(2.839,35)
f
REG
100
CHS
PV
136
FV
f
6
12
n
i
(2,595483% a. m.)
24
n
12000
CHS
PV
0
FV
PMT
(660,90)

25)

26)

f
REG
g
END
f
2
14800
CHS
PV
873.90
PMT
3
i
n
(24 meses)

27)

f
REG
4000
CHS
PV
320.97
PMT
5
i
n
(20 prestaes)

28)

f
REG
2900
CHS
PV
2
n
3.2
i
FV
CHS
PV
0
FV
6
n
PMT
(573,93)

29)

REG
2000
ENTER
3
i
2
n
FV

20

CHS

PV

30)

31)

CHS
0
5
PMT

PV
FV
n
(370,64)

f
60
3.15
838.54
PV
CHS
0
0
3
PV

REG
n
i
CHS

f
499
1
3.8
FV
CHS
0
4
PMT

FV
PV
PMT
n
3400

REG
CHS
n
i

PMT

(23.882,54)

PV

PV
FV
n
(142,02)

32)

REG
f
6
1
CHS
PV
1
n
4.8844
i
0
FV
PMT
(V . 1,048844)
2
n
PMT
(V . 0,536924)
3
n
PMT
(V . 0,366413)
4
n
PMT
(V . 0,281255)

33)

REG
STO
EEX
100
CHS
PV
130
FV
12
n
i
(2,210445)

20
n
0
PV
0
FV
10000
CHS
PV
220000

34)

35)

36)

PMT
(59.758,34)

REG
g
END
STO
EEX
20
n
250
CHS
PMT
2
i
FV
(6.074,34)

g
15
100
2.2
FV

REG
END
n
CHS
PMT
i
(1.754,55)

120
50
1.9
FV

REG
n
CHS
PMT
i
(22.552,06)

37)

REG
60
n
1000
CHS
PMT
2
i
FV
(114.051,54)

38)

REG
g
BEG
20000
CHS
FV
24
n
2.5
i
PMT
(603,18)

39)

REG
120
n
2
i
1000000
CHS
FV
PMT
(2.007,94)

40)

REG
f
6
g
END
38
n
5000
CHS
PMT
345797.25
FV
i
(3,00% a. m.)

PGINA 127
1)

2)

REG
f
4
50000
CHS
PV
10000
PMT
8
n
i
(11,8145 a. a.)
Logo, no atrativo pois a TMA 12% a. a.
REG
2000
CHS
g
CF0
500
g
CFj
5
g
Nj
f
IRR
(7,9308% a. a.)
Logo, invivel pois deseja-se TMA = 12% a. a.

3)

REG
5000
CHS
g
CF0
0
g
CFj
500
g
CFj
600
g
CFj
700
g
CFj
800
g
CFj
900
g
CFj
1000 g
CFj
2000 g
CFj
f
IRR
(4,6651% a. a.)
Logo, vivel pois deseja-se TMA = 2% a. a.

4)

Projeto A
f
REG
45000
CHS
10000
g
15000
g
15000
g
10000
g

g
CFj
CFj
CFj
CFj

CF0

10000
g
CFj
15000
g
CFj
f
IRR
(16,6757% a. a.)
Projeto B
f
REG
45000
CHS
g
CF0
15000
g
CFj
3
g
Nj
10000
g
CFj
3
g
Nj
f
IRR
(18,8039% a. a.)
Projeto C
f
REG
45000
CHS
g
CF0
10000
g
CFj
3
g
Nj
15000
g
CFj
3
g
Nj
f
IRR
(15,2637% a. a.)
Projeto D
f
REG
45000
CHS
g
CF0
15000
g
CFj
10000
g
CFj
15000
g
CFj
10000
g
CFj
15000
g
CFj
15000
g
CFj
f
IRR
(19,1070% a. a.)
Nenhum deles, pois a maior TIR = 19,1070% a. a. (projeto D) e a TMA = 20% a. a.
5)

Para TIR = 20%

f
REG
75000
CHS
FV
20
i
5
n
PV
(30.140,82)
f
REG
500000
ENTER
30140.82

CHS
g
CF0
170000
g
CFj
5
g
Nj
f
IRR
(23,6778% a. a.)
170000
170000
170000
170000
170000
VPL =
+
+
+
+
46.9859,18
1
2
3
4
(1 0,2)
(1 0,2)
(1 0,2)
(1 0,2)
(1 0,2) 5
VPL = 141.666,67 + 118.055,56 + 98.379,62 + 81.983,02 + 68.319,19 469.859,18
VP L = 38.544,88

ou
f
REG
170000
CHS
PMT
5
n
20
i
PV
500000
ENTER
30140.82

CHS
+
(38.544,88)
A empresa comprar as mquinas pois VPL positivo.
Para TIR = 25%
f
REG
75000
CHS
FV
25
i
5
n
PV
(24.576,00)
f
REG
500000
ENTER
24576

CHS
g
CF0
170000
g
CFj
5
g
Nj
f
IRR
(23,1163% a. a.)
170000
170000
170000
170000
170000
VPL =
+
+
+
+
475.424
1
2
3
4
(1 0,25)
(1 0,25)
(1 0,25)
(1 0,25)
(1 0,25) 5
VPL = 136.000 + 108.800 + 87.040 + 69.632 + 55.705,60 475.424
VP L = 18.246,40
ou
f
REG
170000
CHS
PMT
5
n
25
i
PV
500000
ENTER
24576

CHS
+
( 18.246,40)
A empresa no comprar as mquinas, pois o VPL negativo.
PGINA 138
1) CMt = (1 + 0,0058) . (1 + 0,0059) . (1 + 0,0061) . (1 + 0,0087) . (1 + 0,0049) . (1 + 0,0025) 1
(1 + 0,0002)
CMt = 1,034372 1
1,0002
CMt = 0,034165 ou 3,4165% no perodo

CMm = (1 + 0,034165)1/7 1
CMm = 0,004811 ou 0,4811% no perodo
2)

3)

4)

5)

CMt = (1 + 0,0039) . (1 + 0,0082) . (1 + 0,0074) . (1 + 0,0039) . (1 + 0,003) . (1 + 0,0086) .

(1 + 0,0085) 1
CMt = 0,0443 ou 4,43% no perodo
M = 8000 . 1,0443 = 8.354,40
CMt = (1 + 0,0062) . (1 + 0,0056) . (1 + 0,0067) . (1 + 0,0056) . (1 + 0,0036) . (1 + 0,0079) .
(1 + 0,0083) 1
CMt = 0,044727 ou 4,4727% no perodo
M = 8000 . 1,044727 = 8.357,82
CMt = (1 + 0,0053) . (1 + 0,0082) . (1 + 0,0052) . (1 + 0,0033) . (1 + 0,004) . (1 + 0,0099) 1
CMt = 0,0364247 ou 3,64247% no perodo
CMt = (1 + 0,0099) . (1 + 0,0021) . (1 + 0,0062) . (1 + 0,0056) . (1 + 0,0067) . (1 + 0,0056) .
(1 + 0,0036) 1
CMt = 0,0403632 ou 4,03632% no perodo

PGINA 147
CM
n
55000 10000
n=
9000
n = 5 anos

1) DL =

88000 8000
10
DL = 8.000,00 ao ano

2) DL =

M
C
10000
(1 i)5 =
55000
5
(1 i) = 0,18181818

3) (1 i)n =

(1 i) =

0,18181818

(1 i) = 0,711095
i = 1 0,711095
i = 0,288905 ou 28,8905% ao ano

4) (1 i)n =

M
C

(1 0,29004697)n =

8000
88000
0,70995303n = 0,09090909
log 0,70995303n = log 0,09090909
log 0,09090909
n=
log 0,70995303
n = 6,9998
n = 7 anos

5) DC =

(C M ).i
(1 i ) n 1

DC =

(66000 16000).0,1
(1 0,1) 4 1

5000
0,4641
DC = 10.773,54 ao ano

DC =

PGINA 161
1)

REG
f
2
100000
CHS
FV
36
n
.99
i
PV
ENTER
1000000

0
FV
PMT
(30.831,32)

2)

REG
30
n
245000
CHS
PV
10566.79
PMT
i
(1,75% a. m.)

3)

REG
24
n
480
CHS
FV
.8945
i
PV
ENTER
4800

0
FV
PMT
(205,11)

PV

PV

4)

5)

Aplicao: 1400 . 2500 = 3.500.000,00

f
REG
2500
ENTER
1400
x
1.25
%
27.5
%

CHS
PMT
20
n
.95
i
FV
(695.026,59)
3500000
+
(4.195.026,59)
Aplicao: 1000 . 400 = 400.000,00
f
REG
1000
ENTER
400
x
1.65
%
27.5
%

CHS
PMT
36
n
1.25
i
FV
(209.335,95)
400000
+
(609.335,95)

PGINA 201
1)

REG
15000
CHS
PV
8
n
2.2
i
FV
(17.852,47)

2)

REG
44800
CHS
PV
6
n
2
i
FV
(50.452,08)

3)

REG
140000
ENTER
140000
+

4)

5) f

REG
18000
ENTER
18000
+
REG
200000
CHS
24
n
1.75
i

2.5
% (foi pago juro de 3.500,00 durante os 5 primeiros meses)
(M = 143.500,00 no 6 ms)

1.95
% (foi pago juro de 351,00 durante os 11 primeiros meses)
(M = 18.351,00 no 12 ms)

PV

PMT
6)

7)

a=

8)

9)

(10.277,13)

REG
140000
CHS
PV
36
n
1.5
i
PMT
(5.061,34)

C
n
150000
a=
12
a = 12.500,00
J = i . sd
J = 0,02 . 150.000,00
J = 3.000,00
p=a+J
p = 12.500,00 + 3.000,00
p = 15.500,00

f
REG
f
4
200000
ENTER
1.1326
1.5
i
24
n
PMT
(8.815,84 TRs)
1
f
AMORT
xy
(6.259,5733 TRs)
90000
1,1174
C = 80.544,12028 TRs
C
a=
n
80544,1203
a=
30
a = 2.684,80401 TRs
J = i . sd
J = 0,024 . 80.544,1203
J = 1.933,05889 TRs
p=a+J
p = 2.684,80401 + 1.933,05889
p = 4.617,86290 TRs

C=

CHS

PV

10) i = 10,5% a. a.
10,5%
i=
12
i = 0,875% a. m.
C
a=
n
350000
a=
60
a = 5.833,33
J = i . sd
J = 0,00875 . 350000
J = 3.062,50
p=a+J
p = 5.833,33 + 3.062,50
p = 8.895,83
Juro na primeira prestao:
350.000,00 . 1,002005 = 350.701,75
J = 0,00875 . 350.701,75
J = 3.068,64
a=pJ
a = 8.895,83 3.068,64
a = 5.827,19
Novo saldo devedor:
sd = 350.701,75 5.827,19
sd = 344.874,56
Juro na segunda prestao:
J = 0,00875 . 344.874,56
J = 3.017,65

(sd + TR)