JUROS SIMPLES

VF = VP.(1+I.N)

JUROS COMPOSTOS VF = VP

VP
25,000.00

I
0.8300%

N
12.00

VF
###

VP
25,000.00

I
###

VP
25,000.00

I
0.8300%

N
3.00

VF
###

VP
25,000.00

I
###

VP
25,000.00

I
0.8300%

N
12.00

VF
###

VP
25,000.00

I
###

VP
25,000.00

I
0.8300%

N
12.00

VF
###

VP
25,000.00

I
###

Lembrar:
1) Na planilha e na HP, sempre utilizar a taxa % de juros. Nas formulas escritas dividir a tax
2) As formulas da planilha e da HP, levam em conta o diagrama tempo x dinheiro, ou seja,
sempre ter um sinal contrrio ao VP. Para calcular o valor de I ou N, utilizar um dos valores
VP) negativo.
3) As taxas de juros devem ser coerentes com os periodos, ou seja, periodo anual com taxa
periodo mensal com taxa mensal. No caso de juros simples e series de capitais, dividir a ta
por 12 para calcular a taxa mensal. No caso de juros compostos utilizar as formulas abaixo
encontrar a taxa equivalente.
4) Para calcular antecipacao de pagamentos em qualquer sistema de juros, Calcular o VP n
quitacao, partindo do VF conhecido, da taxa de juros acordada e do numero de periodos de
antecipacao. Se for uma serie de capitais, somar o VP calculado com a parcela do mes da li

Iano
Imes

###
11.0831%

253.0000%
11.0831%

OSTOS VF = VP.(1+I)N

SERIE DE CAPITAIS (Antecipada)

N
###

VF
(27,606.87)

VP
14,348.00

I
1%

N
4.00

R
500.00

N
###

VF
(27,606.87)

VP
9,700.17

I
0.8300%

N
###

R
500.00

N
###

VF
(27,606.87)

VP
25,000.00

I
-5.4299%

N
###

R
500.00

N
###

VF
(27,606.87)

VP
25,000.00

I
0.8300%

N
###

R
500.00

VP

I
1%

N
12

R
1,322.01

scritas dividir a taxa por 100.

dinheiro, ou seja, O VF
izar um dos valores (VF ou

odo anual com taxa anual e

capitais, dividir a taxa anual
as formulas abaixo para

os, Calcular o VP no mes da

mero de periodos de
arcela do mes da liquidacao.

SERIE DE CAPITAIS (Postecipada)

VP
25,000.00

I
0.8300%

N
###

R
500.00

VP
25,000.00

I
0.8300%

N
###

R
500.00

VP
25,000.00

I
0.8300%

N
###

R
500.00

VP
25,000.00

I
0.8300%

N
###

R
500.00

VP
25,000.00

I
0.8300%

N
12

R
500.00

ipada)
VF
(17,045.41)
VF
(17,045.41)
VF
(17,045.41)
VF
(17,045.41)
VF
(17,045.41)

ipada)
VF
(33,888.49)
VF
(33,888.49)
VF
(33,888.49)
VF
(33,888.49)
VF
(33,888.49)

Sistema de Amortizao Constante (SAC) sem Correcao Monetria

Periodos
N
0
1
2
3
4
5
6
Totais

Periodos
Pendentes

Juros (J)

Amortizacao (A)

Pagamento (P)

Saldo Devedor
(SD)

Indice de
Inflacao

Correcao
Monetaria (CM)

Saldo Devedor
Corrigido (SDC)

PP

Jn = i . SDCn-1

An = SDCn-1 / PPn

Pn = An + Jn

SDn = SDCn-1 - An

IF

CMn = IFn / IFn-1

SDCn = CMn.SDn
300,000.00
250,000.00
200,000.00
150,000.00
100,000.00
50,000.00

6
5
4
3
2
1

Valor do Financiamento
Prazo do Financiamento
Taxa de Juros (i)

36,000.00
30,000.00
24,000.00
18,000.00
12,000.00
6,000.00
126,000.00
300,000.00 R$
6 anos
12% aa

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
300,000.00

86,000.00
80,000.00
74,000.00
68,000.00
62,000.00
56,000.00
426,000.00

300,000.00
250,000.00
200,000.00
150,000.00
100,000.00
50,000.00
0.00

Sistema de Amortizao Constante (SAC) com Correcao Monetria

Periodos
N
0
1
2
3
4
5
6
Totais

Periodos
Pendentes

Juros (J)

Amortizacao (A)

Pagamento (P)

Saldo Devedor
(SD)

PP

Jn = i . SDCn-1

An = SDCn-1 / PPn

Pn = An + Jn

SDn = SDCn-1 - An

6
5
4
3
2
1

Valor do Financiamento
Prazo do Financiamento
Taxa de Juros (i)

36,000.00
32,832.75
30,137.25
24,949.89
17,653.37
9,272.26
150,845.52
300,000.00 R$
6 anos
12% aa

50,000.00
54,721.25
62,785.93
69,305.25
73,555.70
77,268.86
387,636.98

86,000.00
87,554.00
92,923.18
94,255.13
91,209.06
86,541.12
538,482.50

300,000.00
250,000.00
218,884.99
188,357.80
138,610.49
73,555.70
0.00

Indice de
Inflacao
IF
1.8798
2.0573
2.3605
2.6056
2.7654
2.9050

Correcao
Monetaria (CM)

Saldo Devedor
Corrigido (SDC)

CMn = IFn / IFn-1

SDCn = CMn.SDn
300,000.00
273,606.23
251,143.74
207,915.74
147,111.39
77,268.86

1.0944249388
1.1473776309
1.1038339335
1.0613294443
1.0504809431

Indices de Inflacao (IF) sao fornecidos

Sistema de Amortizao a Prestacao Constante (PRICE) sem Correcao Monetria

Periodos
N
0
1
2
3
4
5
6
Totais

Periodos
Pendentes
PP

6
5
4
3
2
1

Valor Financiamento
Prazo Financiamento
Taxa de Juros (i)

Juros (J)
Jn = i . SDCn-1
36,000.00
31,563.87
26,595.41
21,030.74
14,798.30
7,817.97
137,806.29

Amortizacao (A)

Pagamento (P)

Saldo Devedor
(SD)

Indice de
Inflacao

Correcao
Monetaria (CM)

Saldo Devedor
Corrigido (SDC)

An = Pn - Jn

Pn = R da S.Post.
PPn ; I ;
SDCn-1

SDn = SDCn-1 - An

IF

CMn = IFn / IFn-1

SDCn = CMn.SDn

36,967.72
41,403.84
46,372.30
51,936.98
58,169.42
65,149.75
300,000.00

300,000.00 R$
6 anos
12% aa

72,967.72
72,967.72
72,967.72
72,967.72
72,967.72
72,967.72
437,806.29

300,000.00
263,032.28
221,628.44
175,256.14
123,319.16
65,149.75
0.00

300,000.00
263,032.28
221,628.44
175,256.14
123,319.16
65,149.75

Sistema de Amortizao a Prestacao Constante (PRICE) com Correcao Monetria

Periodos
N
0
1
2
3
4
5
6
Totais

Periodos
Pendentes
PP

Juros (J)
Jn = i . SDCn-1

Amortizacao (A)

Pagamento (P)

Saldo Devedor (SD)

Indice de
Inflacao

Correcao
Monetaria (CM)

Saldo Devedor
Corrigido (SDC)

An = Pn - Jn

Pn = R da S.Post.
PPn ; I ; SDCn-

SDn = SDCn-1 - An

IF

CMn = IFn / IFn-1

SDCn = CMn.SDn

6
5
4
3
2
1

Valor Financiamento
Prazo Financiamento
Taxa de Juros (i)

3,600.00
3,454.43
3,339.64
2,915.08
2,177.00
1,208.17
16,694.32

3,696.77
4,531.34
5,823.06
7,199.01
8,557.38
10,068.09
39,875.65

30,000.00 R$
6 anos
12% aa

7,296.77
7,985.77
9,162.69
10,114.09
10,734.38
11,276.26
56,569.97

30,000.00
26,303.23
24,255.57
22,007.24
17,093.33
9,584.27
0.00

1.8798
2.0573
2.3605
2.6056
2.7654
2.9050

1.0944249388
1.1473776309
1.1038339335
1.0613294443
1.0504809431

Indices de Inflacao (IF) sao fornecidos

30,000.00
28,786.91
27,830.30
24,292.34
18,141.65
10,068.09

Ano
1
2
3
4
5
6
7
8
9
10
11
12

Saidas

Entradas

Fluxo de Caixa
Descontado

(7,500.00)
(8,500.00)
(9,500.00)

(7,500.00)
(8,500.00)
(9,500.00)
12,000.00
12,000.00
12,000.00
10,500.00

12,000.00
12,000.00
12,000.00

(25,500.00)

No

36,000.00
"TR"

41.18%

TIR
TMA
VPL

12.53%
8.00%
R$ 2,776.16

TIR > TMA

VPL > 0

Fluxo de Caixa
Descontado pela TIR
(R$ 6,664.95)
(R$ 6,712.60)
(R$ 6,667.01)
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
(20,044.56)

Fluxo de Caixa
Descontado pela TMA
(R$ 6,944.44)
(R$ 7,287.38)
(R$ 7,541.41)
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
R$ 0.00
(21,773.23)

F L U X O DE C A I X A - P L A N T I O DE E U C A L I P T O

Ano
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
TOTAL

rea
plantada
ha/ano

Custo
Implantao
(R$/Ano)

500
500
500
500
500
500
500

(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)

(12,250,000)

rea
Arrendada
acumulada
(h)
500
1,000
1,500
2,000
2,500
3,000
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,000
2,500
2,000
1,500
1,000
500
6,300

Custo de Implantao por hectare incluindo manuteno

Preo de mercado da madeira em p (R$/ton)
Custo de arrendamento (R$/h/ano)
Previso de volume por hectare 1 Corte
Previso de volume por hectare 2 Corte - Rebrota

Custo
Custo de
Implantao
arrendamento
+Manuteno
Anual (R$/Ano)
+Arrendo
240,000
480,000
720,000
960,000
1,200,000
1,440,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,440,000
1,200,000
960,000
720,000
480,000
240,000
25,200,000

(1,510,000)
(1,270,000)
(1,030,000)
(790,000)
(550,000)
(310,000)
(70,000)
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,680,000
1,440,000
1,200,000
960,000
720,000
480,000
240,000
12,950,000

40 ton/h/ano
28 ton/h/ano

Extrao
(ton)

140,000
140,000
140,000
140,000
140,000
140,000
140,000
98,000
98,000
98,000
98,000
98,000
98,000
98,000
1,666,000
(3,500.00)
30.00
480.00
280
196

Receita
Extrao
(R$/Ano)

4,200,000
4,200,000
4,200,000
4,200,000
4,200,000
4,200,000
4,200,000
2,940,000
2,940,000
2,940,000
2,940,000
2,940,000
2,940,000
2,940,000
49,980,000
R$/h
R$/ton
R$/h/ano
Ton/h
Ton/h

Fluxo Cx. Anual

(R$/Ano)
(1,510,000)
(1,270,000)
(1,030,000)
(790,000)
(550,000)
(310,000)
(70,000)
5,880,000
5,880,000
5,880,000
5,880,000
5,880,000
5,880,000
5,880,000
4,620,000
4,380,000
4,140,000
3,900,000
3,660,000
3,420,000
3,180,000
62,930,000
30.20%
6.00%
R$ 26,875,821.98

Fluxo Cx.
Acumulado
(1,510,000)
(2,780,000)
(3,810,000)
(4,600,000)
(5,150,000)
(5,460,000)
(5,530,000)
350,000
6,230,000
12,110,000
17,990,000
23,870,000
29,750,000
35,630,000
40,250,000
44,630,000
48,770,000
52,670,000
56,330,000
59,750,000
62,930,000
TIR
TMA
VPL

Plantio
1 Corte
2 Corte

F L U X O DE C A I X A - P L A N T I O DE P I N U S

Ano
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
TOTAL

rea
plantada
ha/ano
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500

Custo
Implantao
(R$/Ano)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)
(1,750,000)

(28,000,000)

rea
Arrendada
acumulada
(h)
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,000
7,500
7,000
6,500
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
6,300

Custo de Implantao por hectare incluindo manuteno

Preo de mercado da madeira em p (R$ / ton)
Custo de arrendamento ( R$/h/ano )
Previso de volume por hectare - Corte Raso

Custo
Custo de
Implantao
arrendamento
+Manuteno
Anual (R$/Ano)
+Arrendo
(240,000)
(480,000)
(720,000)
(960,000)
(1,200,000)
(1,440,000)
(1,680,000)
(1,920,000)
(2,160,000)
(2,400,000)
(2,640,000)
(2,880,000)
(3,120,000)
(3,360,000)
(3,600,000)
(3,840,000)
(3,840,000)
(3,600,000)
(3,360,000)
(3,120,000)
(2,880,000)
(2,640,000)
(2,400,000)
(2,160,000)
(1,920,000)
(1,680,000)
(1,440,000)
(1,200,000)
(960,000)
(720,000)
(480,000)
(240,000)
(49,440,000)

(1,990,000)
(2,230,000)
(2,470,000)
(2,710,000)
(2,950,000)
(3,190,000)
(3,430,000)
(3,670,000)
(3,910,000)
(4,150,000)
(4,390,000)
(4,630,000)
(4,870,000)
(5,110,000)
(5,350,000)
(5,590,000)
(3,840,000)
(3,600,000)
(3,360,000)
(3,120,000)
(2,880,000)
(2,640,000)
(2,400,000)
(2,160,000)
(1,920,000)
(1,680,000)
(1,440,000)
(1,200,000)
(960,000)
(720,000)
(480,000)
(240,000)
(77,440,000)

40 Ton/h/ano

Extrao
(ton)

320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
320,000
1,600,000
(3,500.00)
40.00
(480.00)
640

Receita
Extrao
(R$/Ano)

12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
12,800,000
204,800,000
R$/h
R$/ton
R$/h/ano
Ton/h

Fluxo Cx. Anual

(R$/Ano)
(1,990,000)
(2,230,000)
(2,470,000)
(2,710,000)
(2,950,000)
(3,190,000)
(3,430,000)
(3,670,000)
(3,910,000)
(4,150,000)
(4,390,000)
(4,630,000)
(4,870,000)
(5,110,000)
(5,350,000)
(5,590,000)
8,960,000
9,200,000
9,440,000
9,680,000
9,920,000
10,160,000
10,400,000
10,640,000
10,880,000
11,120,000
11,360,000
11,600,000
11,840,000
12,080,000
12,320,000
12,560,000
111,520,000
7.16%
6.00%
R$ 6,298,575.69

Fluxo Cx.
Acumulado
(1,990,000)
(4,220,000)
(6,690,000)
(9,400,000)
(12,350,000)
(15,540,000)
(18,970,000)
(22,640,000)
(26,550,000)
(30,700,000)
(35,090,000)
(39,720,000)
(44,590,000)
(49,700,000)
(55,050,000)
(60,640,000)
(51,680,000)
(42,480,000)
(33,040,000)
(23,360,000)
(13,440,000)
(3,280,000)
7,120,000
17,760,000
28,640,000
39,760,000
51,120,000
62,720,000
74,560,000
86,640,000
98,960,000
111,520,000
TIR
TMA
VPL

Plantio
Corte Raso

F L U X O DE C A I X A - E M P R E E N D I M E N T O

Ano
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
TOTAL

Unidades de
Moradia
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5

Custo
Implantao
(R$)

Custo de
Custo
Manuteno
Implantao
Anual (R$/Ano) +Manuteno

(450,000)

450,000
0

(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(60,000)

Custo de Implantao por unidade de moradia

Custo anual de manuteno por unidade de moradia
Receita anual de aluguel por unidade de moradia

(450,000)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
(2,500)
447,500
(60,000)

IMOBILIRIO

Receita
Aluguel
(R$/Ano)

30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
720,000

(90,000.00) R$/und
(500.00) R$/ano/und
6,000.00 R$/ano/und

Fluxo Cx. Anual

(R$/Ano)
(450,000)
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
27,500
477,500
660,000
6.11%
6.00%
R$ 5,919.98

Fluxo Cx.
Acumulado
(450,000)
(422,500)
(395,000)
(367,500)
(340,000)
(312,500)
(285,000)
(257,500)
(230,000)
(202,500)
(175,000)
(147,500)
(120,000)
(92,500)
(65,000)
(37,500)
(10,000)
17,500
45,000
72,500
100,000
127,500
155,000
182,500
660,000
TIR
TMA
VPL