Test 1- Time value of Money Name: 43/40

Problem 1
Complete the table for Time Vlue of Money
Anually Semiannually Quarterly Monthly
n 2.3 4.2 4.32 48.12
i 7.13% 6.44% 12.35% 9.79%
Future Value
Present Value
Future value annuity
Present Value annuity (16 points)

Problem 2
You have IDR 25 000 000. Calculate the best option for the following alternative
A Deposit in BRI and BRI give you 3.25% paid quarterly for 3 years
(3 points)
B Bought 2 motor cycles and rent it for an Ojek with monthly setoran of IDR 1600 000 for
for 3 years. The setoran will be deposited every month at 6% at BRI. Maintenance cost
is IDR 500 000/ year at the end of the year
(6 points)

C Invest in Warung Nasi, with daily sales of 50 @ IDR 10000 profit margin on sales 30%.
Monthly expenses 15% sales. Monthly Income will be deposited in BRI at 6%.
Mone month- 26 working days
(4 points)
D Conclusion: (1 points)

Problem 3
You got a student loan from government and your parents paid $2172.23383 at 12% per year
compounded monthly for the period of 5 years. The amount of student loan.
(5 points)

Problem 4
Your current salary is about IDR 6000 000. If now you are 25 years old and you join BPJS tenaga kerja,
Contributing IDR 56 000 every month. BPJS give you i= 6%, compounded monthly. How much will
you received from BPJS when you retire at the age of 65 year old.
(4 points)

If you withdraw your pension fund at the age 65 and redeposited it in BRI for 6.25%. And you wish to
use the money until your reach 75 years old. Calculated your monthly withdraw allowed from
your redeposited fund.
(4 points)
(16 points)