Exemplo

Distribuio dos dados de entrada - Exemplo da apostila

INVESTIMENTO
RECEITA VALOR RESIDUAL VIDA
Valor Dist. acum. Valor Dist. acum.Valor Dist. acum.
Anos Dist. acum.
65000
12
12000
5
4000
30
9
35
70000
47
13000
20
5000
70
10
80
75000
72
14000
70
6000
100
11
100
80000
87
15000
90
85000
100
16000
100

N
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
33

SIMULAO
INVESTIMENTO
RECEITA VALOR RESIDUAL
VIDA
N. aleat.
Valor
N. aleat. Valor N. aleat. Valor N. aleat Anos
61
75000
16 13000
21 4000
19
9
80
80000
12 13000
8 4000
60
10
68
75000
58 14000
77 6000
97
11
38
70000
25 14000
60 5000
95
11
99
85000
53 14000
48 5000
58
10
86
80000
12 13000
22 4000
14
9
1
65000
68 14000
53 5000
3
9
14
70000
70 15000
88 6000
59
10
29
70000
91 16000
48 5000
73
10
53
75000
22 14000
97 6000
44
10
62
75000
8 13000
94 6000
38
10
29
70000
29 14000
31 5000
72
10
37
70000
48 14000
80 6000
85
11
78
80000
77 15000
50 5000
19
9
86
80000
91 16000
44 5000
94
11
99
85000
93 16000
9 4000
50
10
41
70000
20 13000
26 4000
68
10
70
75000
23 14000
40 5000
47
10
82
80000
4 12000
85 6000
54
10
85
80000
44 14000
34 5000
29
9
86
80000
91 16000
83 6000
14
9
77
80000
76 15000
12 4000
96
11
47
70000
7 13000
22 4000
69
10
64
75000
96 16000
8 4000
74
10
8
65000
78 15000
2 4000
48
10
58
75000
83 15000
39 5000
75
10
66
75000
82 15000
27 4000
81
11
5
65000
80 15000
85 6000
14
9
73
80000
34 14000
70 5000
2
9
42
70000
45 14000
79 6000
73
10
31
70000
71 15000
45 5000
28
9
63
75000
16 13000
2 4000
88
11
68
75000
9 13000
72 6000
86
11

Pgina 1

TMA

Exemplo

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78

48
69
95
41
50
34
18
61
42
18
69
33
6
98
28
77
59
51
37
38
24
97
50
83
69
51
68
99
4
61
61
6
100
57
38
80
38
24
82
6
79
40
96
94
14

75000
75000
85000
70000
75000
70000
70000
75000
70000
70000
75000
70000
65000
85000
70000
80000
75000
75000
70000
70000
70000
85000
75000
80000
75000
75000
75000
85000
65000
75000
75000
65000
85000
75000
70000
80000
70000
70000
80000
65000
80000
70000
85000
85000
70000

43
32
38
31
4
63
59
100
5
50
78
59
44
43
42
97
100
87
64
98
81
53
27
91
16
32
31
12
100
64
75
66
90
97
99
96
13
84
37
35
66
69
54
91
65

14000
14000
14000
14000
12000
14000
14000
16000
12000
14000
15000
14000
14000
14000
14000
16000
16000
15000
14000
16000
15000
14000
14000
16000
13000
14000
14000
13000
16000
14000
15000
14000
15000
16000
16000
16000
13000
15000
14000
14000
14000
14000
14000
16000
14000

Pgina 2

23
80
90
7
90
36
41
55
60
34
30
97
96
90
22
66
2
2
82
51
70
20
19
28
67
13
8
76
61
83
67
96
93
32
43
82
62
90
92
24
1
58
18
65
68

4000
6000
6000
4000
6000
5000
5000
5000
5000
5000
4000
6000
6000
6000
4000
5000
4000
4000
6000
5000
5000
4000
4000
4000
5000
4000
4000
6000
5000
6000
5000
6000
6000
5000
5000
6000
5000
6000
6000
4000
4000
5000
4000
5000
5000

32
88
68
23
52
30
12
20
6
34
72
8
51
14
47
34
20
11
0
40
19
5
81
54
15
51
77
76
87
7
87
37
87
20
29
20
38
86
72
24
36
46
72
43
5

9
11
10
9
10
9
9
9
9
9
10
9
10
9
10
9
9
9
9
10
9
9
11
10
9
10
10
10
11
9
11
10
11
9
9
9
10
11
10
9
10
10
10
10
9

Exemplo

79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
##
##
##
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##
##
##
##
##
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##
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##
##
##
##
##
##
##

20
36
55
99
7
99
35
71
83
93
51
83
53
50
23
52
60
19
73
71
20
62
37
78
70
12
47
56
1
19
26
89
48
3
75
41
32
48
51
79
73
79
79
62
37

70000
70000
75000
85000
65000
85000
70000
75000
80000
85000
75000
80000
75000
75000
70000
75000
75000
70000
80000
75000
70000
75000
70000
80000
75000
65000
70000
75000
65000
70000
70000
85000
75000
65000
80000
70000
70000
75000
75000
80000
80000
80000
80000
75000
70000

41
29
79
83
30
31
96
39
38
22
28
65
64
56
96
75
28
7
75
8
55
52
27
8
93
69
36
46
9
2
43
75
29
50
80
90
48
70
87
74
25
62
47
3
96

14000
14000
15000
15000
14000
14000
16000
14000
14000
14000
14000
14000
14000
14000
16000
15000
14000
13000
15000
13000
14000
14000
14000
13000
16000
14000
14000
14000
13000
12000
14000
15000
14000
14000
15000
15000
14000
15000
15000
15000
14000
14000
14000
12000
16000

Pgina 3

91
97
52
9
96
74
92
57
6
73
76
53
91
32
59
85
88
29
13
44
33
38
11
26
83
50
71
73
78
24
10
66
100
65
26
50
59
15
36
32
89
35
0
51
99

6000
6000
5000
4000
6000
6000
6000
5000
4000
6000
6000
5000
6000
5000
5000
6000
6000
4000
4000
5000
5000
5000
4000
4000
6000
5000
6000
6000
6000
4000
4000
5000
6000
5000
4000
5000
5000
4000
5000
5000
6000
5000
4000
5000
6000

26
90
39
70
11
17
77
28
61
34
81
91
75
26
98
68
34
20
54
68
30
1
41
92
61
75
77
56
74
38
78
61
39
42
66
77
94
80
12
31
58
100
73
68
13

9
11
10
10
9
9
10
9
10
9
11
11
10
9
11
10
9
9
10
10
9
9
10
11
10
10
10
10
10
10
10
10
10
10
10
10
11
11
9
9
10
11
10
10
9

Exemplo

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87
88
28
40
93
53
73
22
27
9
51
53
62
79
61
1
32
1
37
26
72
36
40
42
77
17
64
39
18
9
68
7
47
48
59
58
50
26
86
95
86
57
9
25
62

85000
85000
70000
70000
85000
75000
80000
70000
70000
65000
75000
75000
75000
80000
75000
65000
70000
65000
70000
70000
75000
70000
70000
70000
80000
70000
75000
70000
70000
65000
75000
65000
75000
75000
75000
75000
75000
70000
80000
85000
80000
75000
65000
70000
75000

46
48
92
1
81
45
19
48
75
93
40
33
65
71
56
25
52
56
69
70
32
36
37
40
74
26
97
4
89
68
55
19
91
41
17
47
1
18
90
57
21
6
55
76
92

14000
14000
16000
12000
15000
14000
13000
14000
15000
16000
14000
14000
14000
15000
14000
14000
14000
14000
14000
14000
14000
14000
14000
14000
15000
14000
16000
12000
15000
14000
14000
13000
16000
14000
13000
14000
12000
13000
15000
14000
14000
13000
14000
15000
16000

Pgina 4

49
25
84
35
46
2
99
29
36
89
96
76
28
16
94
49
99
64
76
27
10
10
12
93
82
93
80
15
49
26
12
3
52
97
36
19
47
60
88
41
35
79
13
76
83

5000
4000
6000
5000
5000
4000
6000
4000
5000
6000
6000
6000
4000
4000
6000
5000
6000
5000
6000
4000
4000
4000
4000
6000
6000
6000
6000
4000
5000
4000
4000
4000
5000
6000
5000
4000
5000
5000
6000
5000
5000
6000
4000
6000
6000

73
38
98
94
9
99
57
91
88
83
81
39
67
84
19
95
88
55
47
22
72
60
86
39
2
97
100
1
50
80
97
46
63
62
70
2
17
73
13
88
2
49
56
34
3

10
10
11
11
9
11
10
11
11
11
11
10
10
11
9
11
11
10
10
9
10
10
11
10
9
11
11
9
10
10
11
10
10
10
10
9
9
10
9
11
9
10
10
9
9

Exemplo

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58
2
58
29
8
26
55
80
60
14
41
50
77
20
72
46
47
29
45
47
32
27
38
83
12
43
46
39
67
99
54
17
29
71
98
35
32
95
50
48
72
67
92
33
86

75000
65000
75000
70000
65000
70000
75000
80000
75000
70000
70000
75000
80000
70000
80000
70000
75000
70000
70000
70000
70000
70000
70000
80000
65000
70000
70000
70000
75000
85000
75000
70000
70000
75000
85000
70000
70000
85000
75000
75000
75000
75000
85000
70000
80000

91
80
4
72
55
8
80
70
21
13
29
31
75
18
99
9
53
38
43
30
74
38
36
39
58
20
41
12
19
23
81
97
48
9
52
36
3
57
32
37
7
59
44
61
11

16000
15000
12000
15000
14000
13000
15000
15000
14000
13000
14000
14000
15000
13000
16000
13000
14000
14000
14000
14000
15000
14000
14000
14000
14000
14000
14000
13000
13000
14000
15000
16000
14000
13000
14000
14000
12000
14000
14000
14000
13000
14000
14000
14000
13000

Pgina 5

65
63
78
53
71
28
81
39
73
24
92
92
25
25
18
85
47
88
61
83
54
41
70
30
36
95
60
24
2
27
1
31
6
99
48
19
52
19
24
26
71
50
58
37
91

5000
5000
6000
5000
6000
4000
6000
5000
6000
4000
6000
6000
4000
4000
4000
6000
5000
6000
5000
6000
5000
5000
5000
4000
5000
6000
5000
4000
4000
4000
4000
5000
4000
6000
5000
4000
5000
4000
4000
4000
6000
5000
5000
5000
6000

91
80
2
91
29
16
63
54
93
57
23
33
92
91
36
95
19
54
95
19
19
21
79
22
36
83
41
66
96
87
18
28
38
87
52
27
85
66
46
23
62
42
59
0
29

11
11
9
11
9
9
10
10
11
10
9
9
11
11
10
11
9
10
11
9
9
9
10
9
10
11
10
10
11
11
9
9
10
11
10
9
11
10
10
9
10
10
10
9
9

Exemplo

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81
73
22
60
12
72
67
84
64
78
60
7
15
72
90
29
3
74
31
21
92
74
78
42
46
36
31
53
72
59
94
91
29
87
72
27
33
84
55
64
95
15
62
36
58

80000
80000
70000
75000
65000
80000
75000
80000
75000
80000
75000
65000
70000
75000
85000
70000
65000
80000
70000
70000
85000
80000
80000
70000
70000
70000
70000
75000
75000
75000
85000
85000
70000
85000
80000
70000
70000
80000
75000
75000
85000
70000
75000
70000
75000

8
75
23
12
48
46
70
4
21
84
62
53
63
89
57
40
73
67
40
19
81
48
50
81
26
25
88
88
64
41
57
29
62
64
26
40
14
58
7
84
14
11
32
69
98

13000
15000
14000
13000
14000
14000
14000
12000
14000
15000
14000
14000
14000
15000
14000
14000
15000
14000
14000
13000
15000
14000
14000
15000
14000
14000
15000
15000
14000
14000
14000
14000
14000
14000
14000
14000
13000
14000
13000
15000
13000
13000
14000
14000
16000

Pgina 6

3
56
62
10
67
45
94
21
55
23
59
66
83
58
4
55
95
53
17
8
71
66
66
24
54
29
19
71
98
73
98
75
14
30
37
98
53
80
21
0
39
31
50
99
53

4000
5000
5000
4000
5000
5000
6000
4000
5000
4000
5000
5000
6000
5000
4000
5000
6000
5000
4000
4000
6000
5000
5000
4000
5000
4000
4000
6000
6000
6000
6000
6000
4000
5000
5000
6000
5000
6000
4000
4000
5000
5000
5000
6000
5000

88
5
35
88
92
7
75
29
53
37
75
60
34
69
39
92
58
76
14
78
29
56
92
81
94
57
18
3
55
74
22
43
14
43
78
85
60
29
62
72
34
69
57
2
13

11
9
10
11
11
9
10
9
10
10
10
10
9
10
10
11
10
10
9
10
9
10
11
11
11
10
9
9
10
10
9
10
9
10
10
11
10
9
10
10
9
10
10
9
9

Exemplo

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87
77
83
10
93
81
11
16
15
91
5
83
71
58
98
26
78
59
22
69
17
57
61
47
86
64
14
11
100
97
68
33
32
40
64
85
48
47
52
61
22
4
40
24
9

85000
80000
80000
65000
85000
80000
65000
70000
70000
85000
65000
80000
75000
75000
85000
70000
80000
75000
70000
75000
70000
75000
75000
75000
80000
75000
70000
65000
85000
85000
75000
70000
70000
70000
75000
80000
75000
70000
75000
75000
70000
65000
70000
70000
65000

81
88
53
53
80
29
24
25
33
51
69
17
1
53
12
61
99
73
90
87
9
100
62
59
2
52
73
47
9
46
9
22
18
92
26
49
3
13
83
56
98
34
45
86
66

15000
15000
14000
14000
15000
14000
14000
14000
14000
14000
14000
13000
12000
14000
13000
14000
16000
15000
16000
15000
13000
16000
14000
14000
12000
14000
15000
14000
13000
14000
13000
14000
13000
16000
14000
14000
12000
13000
15000
14000
16000
14000
14000
15000
14000

Pgina 7

79
46
30
83
95
53
91
83
70
80
46
43
72
38
8
91
73
58
11
42
12
84
87
39
42
30
48
25
36
27
51
19
12
96
10
93
44
43
12
86
85
76
74
71
30

6000
5000
4000
6000
6000
5000
6000
6000
6000
6000
5000
5000
6000
5000
4000
6000
6000
5000
4000
5000
4000
6000
6000
5000
5000
5000
5000
4000
5000
4000
5000
4000
4000
6000
4000
6000
5000
5000
4000
6000
6000
6000
6000
6000
4000

87
34
19
22
53
9
47
21
44
28
79
28
58
24
46
87
100
68
57
16
42
52
22
53
46
96
93
76
21
76
46
13
96
40
29
21
26
90
50
2
96
49
67
99
53

11
9
9
9
10
9
10
9
10
9
10
9
10
9
10
11
11
10
10
9
10
10
9
10
10
11
11
10
9
10
10
9
11
10
9
9
9
11
10
9
11
10
10
11
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

75
21
10
76
19
47
90
9
20
33
47
96
46
46
48
6
69
74
43
90
43
83
35
65
21
0
81
97
78
21
44
97
90
40
61
78
75
12
21
50
99
94
67
37
48

80000
70000
65000
80000
70000
70000
85000
65000
70000
70000
75000
85000
70000
70000
75000
65000
75000
80000
70000
85000
70000
80000
70000
75000
70000
65000
80000
85000
80000
70000
70000
85000
85000
70000
75000
80000
80000
70000
70000
75000
85000
85000
75000
70000
75000

76
47
64
62
59
86
75
17
94
24
51
93
20
78
70
98
26
40
2
16
66
92
5
45
24
65
82
60
87
43
60
5
62
45
1
44
90
38
37
40
71
1
67
35
95

15000
14000
14000
14000
14000
15000
15000
13000
16000
14000
14000
16000
14000
15000
14000
16000
14000
14000
12000
13000
14000
16000
13000
14000
14000
14000
15000
14000
15000
14000
14000
12000
14000
14000
12000
14000
15000
14000
14000
14000
15000
12000
14000
14000
16000

Pgina 8

3
39
9
66
38
21
5
100
70
61
11
93
4
61
44
31
100
31
44
48
64
99
11
86
76
21
81
94
41
9
37
83
68
99
49
0
100
95
68
4
60
13
5
10
82

4000
5000
4000
5000
5000
4000
4000
6000
6000
5000
4000
6000
4000
5000
5000
5000
6000
5000
5000
5000
5000
6000
4000
6000
6000
4000
6000
6000
5000
4000
5000
6000
5000
6000
5000
4000
6000
6000
5000
4000
5000
4000
4000
4000
6000

37
13
32
12
18
41
79
32
46
9
93
15
67
46
56
53
93
68
30
100
57
19
47
93
84
58
17
23
27
46
25
40
24
2
18
1
75
17
35
1
79
38
69
1
77

10
9
9
9
9
10
10
9
10
9
11
9
10
10
10
10
11
10
9
11
10
9
10
11
11
10
9
9
9
10
9
10
9
9
9
9
10
9
10
9
10
10
10
9
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

55
81
19
3
28
96
1
32
46
72
10
50
82
67
77
7
93
45
45
1
34
45
7
36
26
58
57
18
30
50
65
12
66
91
28
4
17
97
25
71
92
14
10
73
78

75000
80000
70000
65000
70000
85000
65000
70000
70000
75000
65000
75000
80000
75000
80000
65000
85000
70000
70000
65000
70000
70000
65000
70000
70000
75000
75000
70000
70000
75000
75000
65000
75000
85000
70000
65000
70000
85000
70000
75000
85000
70000
65000
80000
80000

16
31
48
47
37
39
2
69
35
77
93
89
13
58
51
2
66
49
33
2
47
85
62
20
23
29
39
71
82
21
23
34
80
99
63
23
1
21
74
21
55
76
52
97
45

13000
14000
14000
14000
14000
14000
12000
14000
14000
15000
16000
15000
13000
14000
14000
12000
14000
14000
14000
12000
14000
15000
14000
13000
14000
14000
14000
15000
15000
14000
14000
14000
15000
16000
14000
14000
12000
14000
15000
14000
14000
15000
14000
16000
14000

Pgina 9

14
99
33
23
72
6
73
16
55
24
0
28
1
47
7
12
62
72
52
55
13
23
58
67
1
1
31
26
72
32
36
11
74
11
7
5
90
74
74
9
85
91
60
85
58

4000
6000
5000
4000
6000
4000
6000
4000
5000
4000
4000
4000
4000
5000
4000
4000
5000
6000
5000
5000
4000
4000
5000
5000
4000
4000
5000
4000
6000
5000
5000
4000
6000
4000
4000
4000
6000
6000
6000
4000
6000
6000
5000
6000
5000

50
42
98
14
20
79
34
23
65
37
24
7
92
21
98
66
50
19
9
71
15
34
82
83
44
81
95
56
53
82
54
2
66
5
32
18
24
6
65
59
99
6
91
40
86

10
10
11
9
9
10
9
9
10
10
9
9
11
9
11
10
10
9
9
10
9
9
11
11
10
11
11
10
10
11
10
9
10
9
9
9
9
9
10
10
11
9
11
10
11

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

3
16
27
46
57
95
39
89
44
26
6
15
97
85
40
72
71
67
69
28
27
58
55
5
27
24
55
72
29
58
76
20
58
53
43
75
42
25
3
99
20
92
11
9
16

65000
70000
70000
70000
75000
85000
70000
85000
70000
70000
65000
70000
85000
80000
70000
75000
75000
75000
75000
70000
70000
75000
75000
65000
70000
70000
75000
75000
70000
75000
80000
70000
75000
75000
70000
80000
70000
70000
65000
85000
70000
85000
65000
65000
70000

74
89
12
26
2
30
20
16
5
1
24
24
92
75
82
94
27
86
31
48
48
41
11
97
93
46
43
75
40
67
46
26
55
3
94
66
33
64
42
24
23
41
93
30
9

15000
15000
13000
14000
12000
14000
14000
13000
12000
12000
14000
14000
16000
15000
15000
16000
14000
15000
14000
14000
14000
14000
13000
16000
16000
14000
14000
15000
14000
14000
14000
14000
14000
12000
16000
14000
14000
14000
14000
14000
14000
14000
16000
14000
13000

100
36
11
36
21
45
13
30
4
35
38
84
71
99
93
79
64
28
91
69
46
53
4
79
76
31
28
89
93
55
90
56
33
17
98
52
47
63
81
60
22
71
89
3
41

Pgina 10

6000
5000
4000
5000
4000
5000
4000
5000
4000
5000
5000
6000
6000
6000
6000
6000
5000
4000
6000
5000
5000
5000
4000
6000
6000
5000
4000
6000
6000
5000
6000
5000
5000
4000
6000
5000
5000
5000
6000
5000
4000
6000
6000
4000
5000

7
7
10
47
81
17
33
84
52
88
52
9
32
99
63
16
56
24
46
76
59
98
58
35
37
79
12
63
27
91
91
7
69
52
85
68
60
59
55
73
72
23
76
42
61

9
9
9
10
11
9
9
11
10
11
10
9
9
11
10
9
10
9
10
10
10
11
10
9
10
10
9
10
9
11
11
9
10
10
11
10
10
10
10
10
10
9
10
10
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

20
42
8
1
57
29
93
54
51
76
93
38
11
86
77
88
79
12
16
68
41
75
6
6
96
93
44
42
18
49
65
30
1
20
41
56
75
6
96
59
87
44
97
43
6

70000
70000
65000
65000
75000
70000
85000
75000
75000
80000
85000
70000
65000
80000
80000
85000
80000
65000
70000
75000
70000
80000
65000
65000
85000
85000
70000
70000
70000
75000
75000
70000
65000
70000
70000
75000
80000
65000
85000
75000
80000
70000
85000
70000
65000

70
8
16
81
21
77
12
80
38
33
44
70
80
36
24
4
39
31
27
65
38
83
21
2
86
38
62
16
79
62
37
28
66
33
52
74
39
91
30
78
42
27
46
99
14

14000
13000
13000
15000
14000
15000
13000
15000
14000
14000
14000
14000
15000
14000
14000
12000
14000
14000
14000
14000
14000
15000
14000
12000
15000
14000
14000
13000
15000
14000
14000
14000
14000
14000
14000
15000
14000
16000
14000
15000
14000
14000
14000
16000
13000

Pgina 11

1
96
8
75
24
46
90
75
50
60
47
78
2
22
44
62
84
3
51
96
94
9
49
18
9
78
13
95
53
13
92
73
45
4
27
5
7
98
26
28
76
54
91
27
49

4000
6000
4000
6000
4000
5000
6000
6000
5000
5000
5000
6000
4000
4000
5000
5000
6000
4000
5000
6000
6000
4000
5000
4000
4000
6000
4000
6000
5000
4000
6000
6000
5000
4000
4000
4000
4000
6000
4000
4000
6000
5000
6000
4000
5000

55
71
40
27
8
75
1
75
24
76
86
62
72
33
53
68
33
47
43
90
64
83
68
12
41
58
41
1
18
62
15
95
82
20
72
44
13
40
30
68
2
32
38
26
6

10
10
10
9
9
10
9
10
9
10
11
10
10
9
10
10
9
10
10
11
10
11
10
9
10
10
10
9
9
10
9
11
11
9
10
10
9
10
9
10
9
9
10
9
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

26
81
86
6
54
95
27
62
53
80
77
98
23
10
66
76
79
49
36
34
72
77
83
76
28
70
50
41
38
39
68
69
14
69
60
65
58
29
75
21
72
94
76
42
86

70000
80000
80000
65000
75000
85000
70000
75000
75000
80000
80000
85000
70000
65000
75000
80000
80000
75000
70000
70000
75000
80000
80000
80000
70000
75000
75000
70000
70000
70000
75000
75000
70000
75000
75000
75000
75000
70000
80000
70000
80000
85000
80000
70000
80000

65
29
74
59
6
55
76
94
7
19
33
25
7
45
84
15
94
89
43
49
20
21
9
39
80
97
68
59
7
18
32
21
11
69
0
65
22
68
44
11
80
57
13
35
70

14000
14000
15000
14000
13000
14000
15000
16000
13000
13000
14000
14000
13000
14000
15000
13000
16000
15000
14000
14000
14000
14000
13000
14000
15000
16000
14000
14000
13000
13000
14000
14000
13000
14000
12000
14000
14000
14000
14000
13000
15000
14000
13000
14000
15000

Pgina 12

67
94
12
65
70
67
52
56
38
7
72
91
48
48
25
45
64
54
90
55
41
43
69
28
71
45
97
80
43
53
10
80
1
56
39
24
34
55
80
19
80
47
35
25
75

5000
6000
4000
5000
5000
5000
5000
5000
5000
4000
6000
6000
5000
5000
4000
5000
5000
5000
6000
5000
5000
5000
5000
4000
6000
5000
6000
6000
5000
5000
4000
6000
4000
5000
5000
4000
5000
5000
6000
4000
6000
5000
5000
4000
6000

98
58
58
47
55
91
5
70
45
49
88
68
69
87
78
80
77
14
20
33
71
64
88
71
69
40
78
80
24
17
24
88
16
77
85
60
8
36
44
12
43
60
31
36
47

11
10
10
10
10
11
9
10
10
10
11
10
10
11
10
11
10
9
9
9
10
10
11
10
10
10
10
11
9
9
9
11
9
10
11
10
9
10
10
9
10
10
9
10
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

63
97
93
33
78
19
99
92
16
60
36
46
48
93
95
99
66
43
41
9
4
75
50
47
14
95
75
64
90
49
48
64
98
41
19
47
58
37
38
55
50
8
72
17
77

75000
85000
85000
70000
80000
70000
85000
85000
70000
75000
70000
70000
75000
85000
85000
85000
75000
70000
70000
65000
65000
80000
75000
75000
70000
85000
80000
75000
85000
75000
75000
75000
85000
70000
70000
70000
75000
70000
70000
75000
75000
65000
80000
70000
80000

9
48
72
88
67
89
6
43
67
12
26
23
7
72
71
95
33
52
0
40
24
50
57
16
59
5
89
74
50
3
42
54
86
6
66
50
38
27
30
61
61
84
13
59
64

13000
14000
15000
15000
14000
15000
13000
14000
14000
13000
14000
14000
13000
15000
15000
16000
14000
14000
12000
14000
14000
14000
14000
13000
14000
12000
15000
15000
14000
12000
14000
14000
15000
13000
14000
14000
14000
14000
14000
14000
14000
15000
13000
14000
14000

11
66
75
51
45
26
87
65
58
100
25
73
41
54
99
61
86
36
5
30
62
42
22
9
82
49
76
76
58
30
66
23
27
0
38
49
82
28
71
59
74
81
58
12
16

Pgina 13

4000
5000
6000
5000
5000
4000
6000
5000
5000
6000
4000
6000
5000
5000
6000
5000
6000
5000
4000
5000
5000
5000
4000
4000
6000
5000
6000
6000
5000
4000
5000
4000
4000
4000
5000
5000
6000
4000
6000
5000
6000
6000
5000
4000
4000

37
85
17
45
40
42
61
56
2
96
37
9
97
6
96
44
95
64
73
52
83
58
21
33
71
100
27
2
82
4
68
36
21
23
16
38
57
92
90
77
57
57
87
62
59

10
11
9
10
10
10
10
10
9
11
10
9
11
9
11
10
11
10
10
10
11
10
9
9
10
11
9
9
11
9
10
10
9
9
9
10
10
11
11
10
10
10
11
10
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

18
20
99
64
78
14
68
12
49
23
84
60
25
48
12
58
78
63
51
58
68
79
67
46
78
34
8
8
43
25
93
13
27
89
31
18
19
55
38
64
37
60
99
35
52

70000
70000
85000
75000
80000
70000
75000
70000
75000
70000
80000
75000
70000
75000
65000
75000
80000
75000
75000
75000
75000
80000
75000
70000
80000
70000
65000
65000
70000
70000
85000
70000
70000
85000
70000
70000
70000
75000
70000
75000
70000
75000
85000
70000
75000

4
73
99
88
49
35
22
93
66
43
4
61
40
80
55
39
76
84
75
77
37
42
65
89
62
92
16
98
56
67
8
27
18
44
26
28
99
97
23
75
65
16
26
73
58

12000
15000
16000
15000
14000
14000
14000
16000
14000
14000
12000
14000
14000
15000
14000
14000
15000
15000
15000
15000
14000
14000
14000
15000
14000
16000
13000
16000
14000
14000
13000
14000
13000
14000
14000
14000
16000
16000
14000
15000
14000
13000
14000
15000
14000

94
66
67
70
15
99
21
46
54
65
2
11
57
13
14
27
82
93
73
25
37
69
55
90
67
98
12
54
68
30
65
43
77
20
98
91
9
22
0
92
3
22
100
95
86

Pgina 14

6000
5000
5000
5000
4000
6000
4000
5000
5000
5000
4000
4000
5000
4000
4000
4000
6000
6000
6000
4000
5000
5000
5000
6000
5000
6000
4000
5000
5000
4000
5000
5000
6000
4000
6000
6000
4000
4000
4000
6000
4000
4000
6000
6000
6000

20
38
7
51
82
22
7
45
23
53
52
47
10
99
62
2
35
18
91
96
94
37
53
51
11
30
38
61
9
96
28
5
2
65
15
83
96
85
65
91
88
47
52
44
67

9
10
9
10
11
9
9
10
9
10
10
10
9
11
10
9
10
9
11
11
11
10
10
10
9
9
10
10
9
11
9
9
9
10
9
11
11
11
10
11
11
10
10
10
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

27
73
69
69
85
19
42
32
50
56
74
40
77
53
69
65
51
82
3
32
30
83
12
51
85
84
71
36
15
32
1
25
37
97
20
97
94
47
41
51
22
49
94
52
10

70000
80000
75000
75000
80000
70000
70000
70000
75000
75000
80000
70000
80000
75000
75000
75000
75000
80000
65000
70000
70000
80000
70000
75000
80000
80000
75000
70000
70000
70000
65000
70000
70000
85000
70000
85000
85000
70000
70000
75000
70000
75000
85000
75000
65000

72
99
26
30
24
39
85
87
40
81
29
91
2
34
91
58
32
54
47
54
21
64
5
43
87
93
99
3
16
59
10
72
37
27
39
46
76
85
73
41
15
62
31
55
47

15000
16000
14000
14000
14000
14000
15000
15000
14000
15000
14000
16000
12000
14000
16000
14000
14000
14000
14000
14000
14000
14000
12000
14000
15000
16000
16000
12000
13000
14000
13000
15000
14000
14000
14000
14000
15000
15000
15000
14000
13000
14000
14000
14000
14000

Pgina 15

98
97
95
49
60
49
15
32
48
50
22
99
99
47
73
79
42
32
84
84
31
29
65
78
10
8
98
97
18
39
58
32
41
59
61
39
31
71
39
93
54
17
21
16
90

6000
6000
6000
5000
5000
5000
4000
5000
5000
5000
4000
6000
6000
5000
6000
6000
5000
5000
6000
6000
5000
4000
5000
6000
4000
4000
6000
6000
4000
5000
5000
5000
5000
5000
5000
5000
5000
6000
5000
6000
5000
4000
4000
4000
6000

70
45
67
8
94
97
36
7
41
68
52
33
56
56
4
81
39
22
23
52
93
66
66
56
35
59
18
9
71
2
9
9
76
45
72
2
91
32
55
55
87
28
39
61
25

10
10
10
9
11
11
10
9
10
10
10
9
10
10
9
11
10
9
9
10
11
10
10
10
10
10
9
9
10
9
9
9
10
10
10
9
11
9
10
10
11
9
10
10
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
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##
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##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

76
100
39
84
3
51
8
26
87
62
45
30
38
51
76
76
76
49
75
7
43
46
89
19
11
5
100
20
58
48
61
65
74
87
23
37
29
2
28
39
34
43
53
97
81

80000
85000
70000
80000
65000
75000
65000
70000
85000
75000
70000
70000
70000
75000
80000
80000
80000
75000
80000
65000
70000
70000
85000
70000
65000
65000
85000
70000
75000
75000
75000
75000
80000
85000
70000
70000
70000
65000
70000
70000
70000
70000
75000
85000
80000

40
68
51
91
59
6
90
18
77
47
12
45
88
38
45
98
38
56
22
12
58
42
67
14
61
2
90
50
55
50
60
40
31
15
34
84
87
36
36
34
35
85
76
32
5

14000
14000
14000
16000
14000
13000
16000
13000
15000
14000
13000
14000
15000
14000
14000
16000
14000
14000
14000
13000
14000
14000
14000
13000
14000
12000
15000
14000
14000
14000
14000
14000
14000
13000
14000
15000
15000
14000
14000
14000
14000
15000
15000
14000
12000

Pgina 16

2
69
90
33
72
54
1
20
90
43
99
78
45
3
66
17
60
79
39
54
44
22
16
74
52
52
54
99
66
84
61
27
32
11
42
23
79
28
20
26
22
90
15
75
56

4000
5000
6000
5000
6000
5000
4000
4000
6000
5000
6000
6000
5000
4000
5000
4000
5000
6000
5000
5000
5000
4000
4000
6000
5000
5000
5000
6000
5000
6000
5000
4000
5000
4000
5000
4000
6000
4000
4000
4000
4000
6000
4000
6000
5000

0
5
55
80
13
85
36
90
26
54
97
96
59
18
37
98
8
38
87
57
32
55
86
44
17
13
54
4
82
87
69
27
19
20
55
55
95
9
54
3
17
67
31
32
10

9
9
10
10
9
11
10
11
9
10
11
11
10
9
10
11
9
10
11
10
9
10
11
10
9
9
10
9
11
11
10
9
9
9
10
10
11
9
10
9
9
10
9
9
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

30
76
2
83
68
74
80
12
73
64
7
65
26
11
39
44
54
51
64
12
92
92
94
92
3
88
55
15
35
37
21
38
14
19
52
8
11
62
1
16
8
4
36
39
59

70000
80000
65000
80000
75000
80000
80000
65000
80000
75000
65000
75000
70000
65000
70000
70000
75000
75000
75000
70000
85000
85000
85000
85000
65000
85000
75000
70000
70000
70000
70000
70000
70000
70000
75000
65000
65000
75000
65000
70000
65000
65000
70000
70000
75000

94
33
54
81
7
45
45
24
45
98
15
12
78
58
60
34
4
10
72
21
76
94
95
6
61
59
28
15
74
97
71
58
64
100
48
69
10
89
63
30
42
82
70
28
86

16000
14000
14000
15000
13000
14000
14000
14000
14000
16000
13000
13000
15000
14000
14000
14000
12000
13000
15000
14000
15000
16000
16000
13000
14000
14000
14000
13000
15000
16000
15000
14000
14000
16000
14000
14000
13000
15000
14000
14000
14000
15000
14000
14000
15000

Pgina 17

86
7
77
43
51
82
26
24
77
13
68
39
68
10
5
15
77
25
1
5
51
76
16
90
16
13
36
87
2
12
95
66
80
56
96
85
96
62
62
93
61
83
82
87
57

6000
4000
6000
5000
5000
6000
4000
4000
6000
4000
5000
5000
5000
4000
4000
4000
6000
4000
4000
4000
5000
6000
4000
6000
4000
4000
5000
6000
4000
4000
6000
5000
6000
5000
6000
6000
6000
5000
5000
6000
5000
6000
6000
6000
5000

41
96
55
94
55
24
67
79
18
15
38
26
12
22
65
68
25
53
19
91
3
31
88
73
15
1
84
56
56
31
28
32
17
54
15
58
40
41
67
16
33
39
82
80
8

10
11
10
11
10
9
10
10
9
9
10
9
9
9
10
10
9
10
9
11
9
9
11
10
9
9
11
10
10
9
9
9
9
10
9
10
10
10
10
9
9
10
11
11
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

15
14
1
25
35
55
82
90
49
74
15
42
63
54
39
13
80
24
15
93
27
31
93
8
30
27
96
85
23
39
20
20
50
54
15
24
51
65
30
13
16
66
17
52
97

70000
70000
65000
70000
70000
75000
80000
85000
75000
80000
70000
70000
75000
75000
70000
70000
80000
70000
70000
85000
70000
70000
85000
65000
70000
70000
85000
80000
70000
70000
70000
70000
75000
75000
70000
70000
75000
75000
70000
70000
70000
75000
70000
75000
85000

83
39
20
30
47
12
30
49
9
46
33
26
75
24
24
80
49
91
84
47
53
7
38
16
91
80
14
57
64
86
79
19
7
94
82
4
57
25
44
35
0
66
37
18
3

15000
14000
13000
14000
14000
13000
14000
14000
13000
14000
14000
14000
15000
14000
14000
15000
14000
16000
15000
14000
14000
13000
14000
13000
16000
15000
13000
14000
14000
15000
15000
13000
13000
16000
15000
12000
14000
14000
14000
14000
12000
14000
14000
13000
12000

Pgina 18

14
92
84
70
39
99
32
48
91
98
40
18
46
32
89
27
96
97
30
74
4
94
80
43
6
24
10
27
49
19
33
33
96
38
17
44
74
72
59
64
75
64
11
61
49

4000
6000
6000
5000
5000
6000
5000
5000
6000
6000
5000
4000
5000
5000
6000
4000
6000
6000
4000
6000
4000
6000
6000
5000
4000
4000
4000
4000
5000
4000
5000
5000
6000
5000
4000
5000
6000
6000
5000
5000
6000
5000
4000
5000
5000

74
27
29
26
74
12
6
66
87
79
24
14
54
25
67
14
62
65
51
48
49
93
8
24
34
9
73
58
55
21
11
43
34
77
24
2
87
97
78
87
64
41
47
90
43

10
9
9
9
10
9
9
10
11
10
9
9
10
9
10
9
10
10
10
10
10
11
9
9
9
9
10
10
10
9
9
10
9
10
9
9
11
11
10
11
10
10
10
11
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

28
19
22
85
19
1
84
14
56
31
89
36
2
88
58
63
71
82
94
57
51
32
27
1
3
36
69
36
67
48
56
72
95
70
39
19
3
28
55
39
22
47
90
5
59

70000
70000
70000
80000
70000
65000
80000
70000
75000
70000
85000
70000
65000
85000
75000
75000
75000
80000
85000
75000
75000
70000
70000
65000
65000
70000
75000
70000
75000
75000
75000
80000
85000
75000
70000
70000
65000
70000
75000
70000
70000
75000
85000
65000
75000

28
87
98
91
58
96
24
60
25
70
27
81
15
57
77
87
51
59
71
59
51
32
71
21
98
17
4
28
89
72
67
60
86
41
6
75
94
2
47
7
100
78
29
53
9

14000
15000
16000
16000
14000
16000
14000
14000
14000
15000
14000
15000
13000
14000
15000
15000
14000
14000
15000
14000
14000
14000
15000
14000
16000
13000
12000
14000
15000
15000
14000
14000
15000
14000
13000
15000
16000
12000
14000
13000
16000
15000
14000
14000
13000

Pgina 19

30
99
45
65
67
46
87
60
46
81
80
21
87
53
11
22
19
58
50
95
6
9
46
85
40
9
5
99
31
61
96
47
5
42
23
75
16
82
70
30
78
67
65
8
52

4000
6000
5000
5000
5000
5000
6000
5000
5000
6000
6000
4000
6000
5000
4000
4000
4000
5000
5000
6000
4000
4000
5000
6000
5000
4000
4000
6000
5000
5000
6000
5000
4000
5000
4000
6000
4000
6000
5000
4000
6000
5000
5000
4000
5000

90
56
64
26
97
24
87
29
87
78
67
77
23
91
79
3
78
41
68
42
55
7
51
75
19
26
77
4
99
65
40
75
45
91
48
62
19
35
8
11
91
97
84
44
19

11
10
10
9
11
9
11
9
11
10
10
10
9
11
10
9
10
10
10
10
10
9
10
10
9
9
10
9
11
10
10
10
10
11
10
10
9
10
9
9
11
11
11
10
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

38
79
96
97
55
54
73
71
2
49
92
35
88
37
59
40
72
59
54
82
45
81
49
5
48
6
42
36
61
95
82
65
76
72
50
96
30
18
72
13
4
77
44
29
92

70000
80000
85000
85000
75000
75000
80000
75000
65000
75000
85000
70000
85000
70000
75000
70000
80000
75000
75000
80000
70000
80000
75000
65000
75000
65000
70000
70000
75000
85000
80000
75000
80000
80000
75000
85000
70000
70000
75000
70000
65000
80000
70000
70000
85000

89
57
11
48
60
67
19
48
21
36
15
39
47
38
11
58
88
61
48
52
95
19
65
82
75
23
63
19
53
64
89
47
85
30
21
4
31
77
97
93
56
10
25
64
71

15000
14000
13000
14000
14000
14000
13000
14000
14000
14000
13000
14000
14000
14000
13000
14000
15000
14000
14000
14000
16000
13000
14000
15000
15000
14000
14000
13000
14000
14000
15000
14000
15000
14000
14000
12000
14000
15000
16000
16000
14000
13000
14000
14000
15000

Pgina 20

6
12
51
25
85
21
91
71
76
28
36
16
96
85
55
52
75
81
23
53
75
80
43
17
22
13
64
26
57
14
9
29
56
17
5
67
40
46
41
83
6
16
68
81
90

4000
4000
5000
4000
6000
4000
6000
6000
6000
4000
5000
4000
6000
6000
5000
5000
6000
6000
4000
5000
6000
6000
5000
4000
4000
4000
5000
4000
5000
4000
4000
4000
5000
4000
4000
5000
5000
5000
5000
6000
4000
4000
5000
6000
6000

53
91
67
53
7
23
60
33
88
68
34
21
98
72
4
98
94
11
85
58
70
95
39
38
87
27
89
44
88
71
71
92
59
14
72
86
47
62
16
27
2
70
94
77
6

10
11
10
10
9
9
10
9
11
10
9
9
11
10
9
11
11
9
11
10
10
11
10
10
11
9
11
10
11
10
10
11
10
9
10
11
10
10
9
9
9
10
11
10
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

90
19
17
89
77
36
5
40
39
6
0
36
82
36
50
40
38
8
48
49
72
77
69
8
87
12
3
95
21
62
98
11
15
39
91
39
11
67
78
27
6
32
66
39
59

85000
70000
70000
85000
80000
70000
65000
70000
70000
65000
65000
70000
80000
70000
75000
70000
70000
65000
75000
75000
80000
80000
75000
65000
85000
65000
65000
85000
70000
75000
85000
65000
70000
70000
85000
70000
65000
75000
80000
70000
65000
70000
75000
70000
75000

23
84
49
32
21
66
5
32
88
11
57
34
67
29
28
62
45
64
49
58
7
96
62
3
21
99
42
73
19
9
20
73
92
99
82
70
67
5
12
53
94
35
63
18
75

14000
15000
14000
14000
14000
14000
12000
14000
15000
13000
14000
14000
14000
14000
14000
14000
14000
14000
14000
14000
13000
16000
14000
12000
14000
16000
14000
15000
13000
13000
14000
15000
16000
16000
15000
15000
14000
12000
13000
14000
16000
14000
14000
13000
15000

Pgina 21

12
57
80
2
3
15
77
21
31
11
42
37
44
5
90
25
44
42
95
30
20
59
89
61
46
42
5
7
40
25
23
6
77
26
22
51
94
38
79
77
95
91
50
78
20

4000
5000
6000
4000
4000
4000
6000
4000
5000
4000
5000
5000
5000
4000
6000
4000
5000
5000
6000
4000
4000
5000
6000
5000
5000
5000
4000
4000
5000
4000
4000
4000
6000
4000
4000
5000
6000
5000
6000
6000
6000
6000
5000
6000
4000

30
90
22
81
11
99
91
20
28
3
70
41
62
11
67
97
59
25
58
54
7
10
93
87
97
37
34
72
13
71
1
61
16
55
71
96
64
98
12
62
43
83
64
3
21

9
11
9
11
9
11
11
9
9
9
10
10
10
9
10
11
10
9
10
10
9
9
11
11
11
10
9
10
9
10
9
10
9
10
10
11
10
11
9
10
10
11
10
9
9

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

30
70
95
26
89
83
55
97
23
85
56
1
87
46
20
10
94
45
79
7
20
81
98
96
66
85
22
17
25
75
93
85
21
29
20
65
92
65
30
55
65
77
50
2
76

70000
75000
85000
70000
85000
80000
75000
85000
70000
80000
75000
65000
85000
70000
70000
65000
85000
70000
80000
65000
70000
80000
85000
85000
75000
80000
70000
70000
70000
80000
85000
80000
70000
70000
70000
75000
85000
75000
70000
75000
75000
80000
75000
65000
80000

27
41
27
41
70
81
44
92
38
87
35
56
19
53
27
97
8
29
6
9
63
43
80
74
39
75
64
69
1
73
92
8
14
71
12
46
32
45
75
32
5
5
79
53
59

14000
14000
14000
14000
14000
15000
14000
16000
14000
15000
14000
14000
13000
14000
14000
16000
13000
14000
13000
13000
14000
14000
15000
15000
14000
15000
14000
14000
12000
15000
16000
13000
13000
15000
13000
14000
14000
14000
15000
14000
12000
13000
15000
14000
14000

95
85
9
4
17
1
68
33
58
25
27
78
36
74
62
68
68
12
71
55
39
8
34
100
6
61
48
43
11
71
83
4
29
40
91
48
15
86
39
21
88
47
6
84
34

Pgina 22

6000
6000
4000
4000
4000
4000
5000
5000
5000
4000
4000
6000
5000
6000
5000
5000
5000
4000
6000
5000
5000
4000
5000
6000
4000
5000
5000
5000
4000
6000
6000
4000
4000
5000
6000
5000
4000
6000
5000
4000
6000
5000
4000
6000
5000

85
93
31
25
51
55
92
23
39
67
92
89
17
46
89
64
48
33
73
94
88
9
33
16
67
68
23
46
44
75
2
80
22
7
77
1
35
50
35
7
87
24
66
25
52

11
11
9
9
10
10
11
9
10
10
11
11
9
10
11
10
10
9
10
11
11
9
9
9
10
10
9
10
10
10
9
11
9
9
10
9
9
10
10
9
11
9
10
9
10

Exemplo

##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##

62
94
15
32
85
42
56
18
31
44
41
32
59
22
81
19
2
88
47
27
52
10

75000
85000
70000
70000
80000
70000
75000
70000
70000
70000
70000
70000
75000
70000
80000
70000
65000
85000
75000
70000
75000
65000

80
67
99
11
7
79
96
1
55
99
25
15
31
93
15
68
10
43
56
74
58
20

15000
14000
16000
13000
13000
15000
16000
12000
14000
16000
14000
13000
14000
16000
13000
14000
13000
14000
14000
15000
14000
14000

Pgina 23

78
73
90
17
97
20
54
14
86
12
82
21
73
29
20
85
63
64
78
61
76
19

6000
6000
6000
4000
6000
4000
5000
4000
6000
4000
6000
4000
6000
4000
4000
6000
5000
5000
6000
5000
6000
4000

49
58
68
11
36
90
56
64
10
71
42
99
52
58
86
87
79
72
56
40
66
95

10
10
10
9
10
11
10
10
9
10
10
11
10
10
11
11
10
10
10
10
10
11

Exemplo

Valor

TMA
Dist. acum.
10%
100

LAO
V.Neg
Valor
R$ 76,563.70
R$ 81,421.55
R$ 93,033.82
R$ 92,683.32
R$ 87,951.66
R$ 76,563.70
R$ 82,746.82
R$ 94,481.77
R$ 100,240.79
R$ 88,337.20
R$ 82,192.63
R$ 87,951.66
R$ 93,033.82
R$ 88,505.85
R$ 105,673.45
R$ 99,855.25
R$ 81,421.55
R$ 87,951.66
R$ 76,048.07
R$ 82,746.82
R$ 94,688.97
R$ 98,827.89
R$ 81,421.55
R$ 99,855.25
R$ 93,710.68
R$ 94,096.22
R$ 98,827.89
R$ 88,929.94
R$ 82,746.82
R$ 88,337.20
R$ 88,505.85
R$ 85,837.77
R$ 86,538.76

VPL
Valor
R$1,563.70
R$1,421.55
R$18,033.82
R$22,683.32
R$2,951.66
(R$3,436.30)
R$17,746.82
R$24,481.77
R$30,240.79
R$13,337.20
R$7,192.63
R$17,951.66
R$23,033.82
R$8,505.85
R$25,673.45
R$14,855.25
R$11,421.55
R$12,951.66
(R$3,951.93)
R$2,746.82
R$14,688.97
R$18,827.89
R$11,421.55
R$24,855.25
R$28,710.68
R$19,096.22
R$23,827.89
R$23,929.94
R$2,746.82
R$18,337.20
R$18,505.85
R$10,837.77
R$11,538.76

TIR
Valor
10.51%
10.40%
14.86%
16.49%
10.78%
8.93%
16.35%
17.43%
19.12%
13.88%
12.12%
15.55%
16.55%
12.55%
16.45%
13.86%
13.60%
13.79%
8.88%
10.83%
14.33%
14.81%
13.60%
17.13%
19.34%
15.52%
16.40%
18.40%
10.83%
15.63%
16.17%
12.99%
13.15%

E(VPL)=
DP(VPL)=
P(VPL<0)=
P(VPL<17952)

R$13,856.58
R$8,875.14
5.9%
67.8%

Mximo VPL=
60

Mnimo VPL=

50

E(Vnegocio)=
DP(Vnegocio)=

87971.58
6732.16

Para intervalo de confiana de 80%

Valor Neg Mnimo=

79343.97

Valor Neg. Mximo=

96599.20

Pgina 24

40

30
20

10

Exemplo

R$ 82,322.72
R$ 93,033.82
R$ 88,337.20
R$ 82,322.72
R$ 76,048.07
R$ 82,746.82
R$ 82,746.82
R$ 94,264.87
R$ 71,228.77
R$ 82,746.82
R$ 93,710.68
R$ 83,170.92
R$ 88,337.20
R$ 83,170.92
R$ 87,566.11
R$ 94,264.87
R$ 93,840.77
R$ 88,081.75
R$ 83,170.92
R$ 100,240.79
R$ 88,505.85
R$ 82,322.72
R$ 92,332.83
R$ 99,855.25
R$ 76,987.80
R$ 87,566.11
R$ 87,566.11
R$ 82,192.63
R$ 105,673.45
R$ 83,170.92
R$ 99,178.38
R$ 88,337.20
R$ 99,528.88
R$ 94,264.87
R$ 94,264.87
R$ 94,688.97
R$ 81,807.09
R$ 99,528.88
R$ 88,337.20
R$ 82,322.72
R$ 87,566.11
R$ 87,951.66
R$ 87,566.11
R$ 100,240.79
R$ 82,746.82

R$7,322.72
R$18,033.82
R$3,337.20
R$12,322.72
R$1,048.07
R$12,746.82
R$12,746.82
R$19,264.87
R$1,228.77
R$12,746.82
R$18,710.68
R$13,170.92
R$23,337.20
(R$1,829.08)
R$17,566.11
R$14,264.87
R$18,840.77
R$13,081.75
R$13,170.92
R$30,240.79
R$18,505.85
(R$2,677.28)
R$17,332.83
R$19,855.25
R$1,987.80
R$12,566.11
R$12,566.11
(R$2,807.37)
R$40,673.45
R$8,170.92
R$24,178.38
R$23,337.20
R$14,528.88
R$19,264.87
R$24,264.87
R$14,688.97
R$11,807.09
R$29,528.88
R$8,337.20
R$17,322.72
R$7,566.11
R$17,951.66
R$2,566.11
R$15,240.79
R$12,746.82

12.36%
14.86%
10.88%
14.18%
10.31%
14.30%
14.30%
16.01%
10.43%
14.30%
15.44%
14.42%
17.60%
9.47%
15.46%
14.23%
15.91%
14.15%
14.42%
19.12%
16.17%
9.22%
14.72%
15.41%
10.64%
13.70%
13.70%
9.25%
22.06%
12.60%
16.47%
17.60%
13.50%
16.01%
17.99%
14.33%
13.70%
18.30%
12.31%
16.24%
12.12%
15.55%
10.68%
13.94%
14.30%

Pgina 25

Exemplo

R$ 83,170.92
R$ 93,033.82
R$ 94,096.22
R$ 93,710.68
R$ 83,170.92
R$ 83,170.92
R$ 100,626.33
R$ 82,746.82
R$ 87,566.11
R$ 83,170.92
R$ 93,033.82
R$ 92,683.32
R$ 88,337.20
R$ 82,746.82
R$ 105,673.45
R$ 94,481.77
R$ 83,170.92
R$ 76,563.70
R$ 93,710.68
R$ 81,807.09
R$ 82,746.82
R$ 82,746.82
R$ 87,566.11
R$ 85,837.77
R$ 100,626.33
R$ 87,951.66
R$ 88,337.20
R$ 88,337.20
R$ 82,192.63
R$ 75,276.98
R$ 87,566.11
R$ 94,096.22
R$ 88,337.20
R$ 87,951.66
R$ 93,710.68
R$ 94,096.22
R$ 92,683.32
R$ 98,827.89
R$ 88,505.85
R$ 88,505.85
R$ 88,337.20
R$ 92,683.32
R$ 87,566.11
R$ 75,662.52
R$ 94,688.97

R$13,170.92
R$23,033.82
R$19,096.22
R$8,710.68
R$18,170.92
(R$1,829.08)
R$30,626.33
R$7,746.82
R$7,566.11
(R$1,829.08)
R$18,033.82
R$12,683.32
R$13,337.20
R$7,746.82
R$35,673.45
R$19,481.77
R$8,170.92
R$6,563.70
R$13,710.68
R$6,807.09
R$12,746.82
R$7,746.82
R$17,566.11
R$5,837.77
R$25,626.33
R$22,951.66
R$18,337.20
R$13,337.20
R$17,192.63
R$5,276.98
R$17,566.11
R$9,096.22
R$13,337.20
R$22,951.66
R$13,710.68
R$24,096.22
R$22,683.32
R$23,827.89
R$13,505.85
R$8,505.85
R$8,337.20
R$12,683.32
R$7,566.11
R$662.52
R$24,688.97

14.42%
16.55%
15.52%
12.29%
16.46%
9.47%
19.19%
12.48%
12.12%
9.47%
14.86%
13.26%
13.88%
12.48%
19.96%
15.60%
12.60%
12.26%
13.79%
12.02%
14.30%
12.48%
15.46%
11.53%
17.28%
17.52%
15.63%
13.88%
15.67%
11.69%
15.46%
12.38%
13.88%
17.52%
13.79%
17.35%
16.49%
16.40%
14.26%
12.55%
12.31%
13.26%
12.12%
10.20%
18.08%

Pgina 26

Exemplo

R$ 87,951.66
R$ 87,566.11
R$ 106,023.94
R$ 79,693.20
R$ 88,505.85
R$ 92,332.83
R$ 82,192.63
R$ 92,332.83
R$ 99,178.38
R$ 106,023.94
R$ 93,033.82
R$ 88,337.20
R$ 87,566.11
R$ 98,827.89
R$ 83,170.92
R$ 92,683.32
R$ 93,033.82
R$ 87,951.66
R$ 88,337.20
R$ 82,322.72
R$ 87,566.11
R$ 87,566.11
R$ 92,332.83
R$ 88,337.20
R$ 88,929.94
R$ 93,033.82
R$ 106,023.94
R$ 70,804.68
R$ 94,096.22
R$ 87,566.11
R$ 92,332.83
R$ 81,421.55
R$ 100,240.79
R$ 88,337.20
R$ 81,807.09
R$ 82,322.72
R$ 71,228.77
R$ 81,807.09
R$ 88,929.94
R$ 92,683.32
R$ 82,746.82
R$ 82,192.63
R$ 87,566.11
R$ 88,929.94
R$ 94,688.97

R$2,951.66
R$2,566.11
R$36,023.94
R$9,693.20
R$3,505.85
R$17,332.83
R$2,192.63
R$22,332.83
R$29,178.38
R$41,023.94
R$18,033.82
R$13,337.20
R$12,566.11
R$18,827.89
R$8,170.92
R$27,683.32
R$23,033.82
R$22,951.66
R$18,337.20
R$12,322.72
R$12,566.11
R$17,566.11
R$22,332.83
R$18,337.20
R$8,929.94
R$23,033.82
R$31,023.94
R$804.68
R$24,096.22
R$22,566.11
R$17,332.83
R$16,421.55
R$25,240.79
R$13,337.20
R$6,807.09
R$7,322.72
(R$3,771.23)
R$11,807.09
R$8,929.94
R$7,683.32
R$2,746.82
R$7,192.63
R$22,566.11
R$18,929.94
R$19,688.97

10.78%
10.68%
20.02%
12.85%
11.00%
14.72%
10.61%
16.42%
18.24%
22.11%
14.86%
13.88%
13.70%
14.81%
12.60%
18.40%
16.55%
17.52%
15.63%
14.18%
13.70%
15.46%
16.42%
15.63%
12.66%
16.55%
18.16%
10.28%
17.35%
17.44%
14.72%
15.49%
17.21%
13.88%
12.02%
12.36%
8.76%
13.70%
12.66%
11.89%
10.83%
12.12%
17.44%
16.27%
16.11%

Pgina 27

Exemplo

R$ 105,673.45
R$ 99,178.38
R$ 71,652.87
R$ 99,178.38
R$ 83,170.92
R$ 76,563.70
R$ 94,481.77
R$ 94,096.22
R$ 93,033.82
R$ 81,421.55
R$ 83,170.92
R$ 83,170.92
R$ 98,827.89
R$ 85,837.77
R$ 99,855.25
R$ 86,538.76
R$ 82,746.82
R$ 88,337.20
R$ 92,683.32
R$ 83,170.92
R$ 88,505.85
R$ 82,746.82
R$ 87,951.66
R$ 82,322.72
R$ 87,951.66
R$ 93,033.82
R$ 87,951.66
R$ 81,421.55
R$ 85,837.77
R$ 92,332.83
R$ 88,081.75
R$ 94,264.87
R$ 87,566.11
R$ 86,538.76
R$ 87,951.66
R$ 82,322.72
R$ 79,693.20
R$ 87,566.11
R$ 87,566.11
R$ 82,322.72
R$ 82,192.63
R$ 87,951.66
R$ 87,951.66
R$ 82,746.82
R$ 77,411.90

R$30,673.45
R$34,178.38
(R$3,347.13)
R$29,178.38
R$18,170.92
R$6,563.70
R$19,481.77
R$14,096.22
R$18,033.82
R$11,421.55
R$13,170.92
R$8,170.92
R$18,827.89
R$15,837.77
R$19,855.25
R$16,538.76
R$7,746.82
R$18,337.20
R$22,683.32
R$13,170.92
R$18,505.85
R$12,746.82
R$17,951.66
R$2,322.72
R$22,951.66
R$23,033.82
R$17,951.66
R$11,421.55
R$10,837.77
R$7,332.83
R$13,081.75
R$24,264.87
R$17,566.11
R$11,538.76
R$2,951.66
R$12,322.72
R$9,693.20
R$2,566.11
R$12,566.11
R$7,322.72
R$7,192.63
R$12,951.66
R$2,951.66
R$12,746.82
(R$2,588.10)

18.11%
20.24%
8.91%
18.24%
16.46%
12.26%
15.60%
13.87%
14.86%
13.60%
14.42%
12.60%
14.81%
14.62%
15.41%
14.77%
12.48%
15.63%
16.49%
14.42%
16.17%
14.30%
15.55%
10.71%
17.52%
16.55%
15.55%
13.60%
12.99%
11.81%
14.15%
17.99%
15.46%
13.15%
10.78%
14.18%
12.85%
10.68%
13.70%
12.36%
12.12%
13.79%
10.78%
14.30%
9.21%

Pgina 28

Exemplo

R$ 85,837.77
R$ 88,505.85
R$ 87,951.66
R$ 85,837.77
R$ 92,683.32
R$ 82,746.82
R$ 88,337.20
R$ 70,804.68
R$ 87,951.66
R$ 93,710.68
R$ 87,951.66
R$ 87,951.66
R$ 83,170.92
R$ 94,096.22
R$ 87,566.11
R$ 92,683.32
R$ 94,481.77
R$ 87,951.66
R$ 82,322.72
R$ 81,421.55
R$ 88,929.94
R$ 87,951.66
R$ 92,683.32
R$ 98,827.89
R$ 92,683.32
R$ 87,566.11
R$ 88,081.75
R$ 88,929.94
R$ 88,337.20
R$ 88,337.20
R$ 83,170.92
R$ 88,337.20
R$ 82,322.72
R$ 87,951.66
R$ 87,951.66
R$ 93,033.82
R$ 81,807.09
R$ 83,170.92
R$ 81,421.55
R$ 93,710.68
R$ 76,987.80
R$ 81,807.09
R$ 87,951.66
R$ 83,170.92
R$ 94,264.87

R$5,837.77
R$8,505.85
R$17,951.66
R$10,837.77
R$27,683.32
R$2,746.82
R$13,337.20
(R$9,195.32)
R$12,951.66
R$13,710.68
R$12,951.66
R$22,951.66
R$13,170.92
R$19,096.22
R$2,566.11
R$22,683.32
R$29,481.77
R$7,951.66
R$12,322.72
R$11,421.55
R$3,929.94
R$7,951.66
R$12,683.32
R$28,827.89
R$22,683.32
R$17,566.11
R$18,081.75
R$13,929.94
R$13,337.20
R$13,337.20
(R$1,829.08)
R$3,337.20
R$12,322.72
R$2,951.66
R$7,951.66
R$23,033.82
R$11,807.09
R$3,170.92
R$6,421.55
R$18,710.68
(R$8,012.20)
R$11,807.09
R$12,951.66
R$13,170.92
R$19,264.87

11.53%
12.55%
15.55%
12.99%
18.40%
10.83%
13.88%
7.10%
13.79%
13.79%
13.79%
17.52%
14.42%
15.52%
10.68%
16.49%
19.49%
12.21%
14.18%
13.60%
11.12%
12.21%
13.26%
18.18%
16.49%
15.46%
16.06%
14.37%
13.88%
13.88%
9.47%
10.88%
14.18%
10.78%
12.21%
16.55%
13.70%
10.96%
11.92%
15.44%
7.64%
13.70%
13.79%
14.42%
16.01%

Pgina 29

Exemplo

R$ 99,528.88
R$ 88,505.85
R$ 82,322.72
R$ 83,170.92
R$ 94,481.77
R$ 82,746.82
R$ 88,337.20
R$ 83,170.92
R$ 88,337.20
R$ 83,170.92
R$ 87,951.66
R$ 76,987.80
R$ 76,048.07
R$ 82,746.82
R$ 81,421.55
R$ 93,033.82
R$ 106,023.94
R$ 94,096.22
R$ 99,855.25
R$ 88,505.85
R$ 81,421.55
R$ 100,626.33
R$ 83,170.92
R$ 87,951.66
R$ 75,662.52
R$ 92,683.32
R$ 99,178.38
R$ 87,566.11
R$ 76,987.80
R$ 87,566.11
R$ 81,807.09
R$ 82,322.72
R$ 85,837.77
R$ 100,626.33
R$ 82,322.72
R$ 83,170.92
R$ 71,228.77
R$ 86,188.26
R$ 93,710.68
R$ 83,170.92
R$ 106,023.94
R$ 88,337.20
R$ 88,337.20
R$ 99,528.88
R$ 87,566.11

R$14,528.88
R$8,505.85
R$2,322.72
R$18,170.92
R$9,481.77
R$2,746.82
R$23,337.20
R$13,170.92
R$18,337.20
(R$1,829.08)
R$22,951.66
(R$3,012.20)
R$1,048.07
R$7,746.82
(R$3,578.45)
R$23,033.82
R$26,023.94
R$19,096.22
R$29,855.25
R$13,505.85
R$11,421.55
R$25,626.33
R$8,170.92
R$12,951.66
(R$4,337.48)
R$17,683.32
R$29,178.38
R$22,566.11
(R$8,012.20)
R$2,566.11
R$6,807.09
R$12,322.72
R$15,837.77
R$30,626.33
R$7,322.72
R$3,170.92
(R$3,771.23)
R$16,188.26
R$18,710.68
R$8,170.92
R$36,023.94
R$23,337.20
R$18,337.20
R$29,528.88
R$22,566.11

13.50%
12.55%
10.71%
16.46%
12.47%
10.83%
17.60%
14.42%
15.63%
9.47%
17.52%
9.07%
10.31%
12.48%
9.03%
16.55%
16.50%
15.52%
19.05%
14.26%
13.60%
17.28%
12.60%
13.79%
8.76%
14.79%
18.24%
17.44%
7.64%
10.68%
12.02%
14.18%
14.62%
19.19%
12.36%
10.96%
8.76%
14.69%
15.44%
12.60%
20.02%
17.60%
15.63%
18.30%
17.44%

Pgina 30

Exemplo

R$ 93,710.68
R$ 82,746.82
R$ 82,322.72
R$ 82,746.82
R$ 82,746.82
R$ 93,710.68
R$ 93,710.68
R$ 77,411.90
R$ 100,626.33
R$ 82,746.82
R$ 92,332.83
R$ 94,688.97
R$ 87,566.11
R$ 94,096.22
R$ 87,951.66
R$ 100,240.79
R$ 93,033.82
R$ 87,951.66
R$ 71,228.77
R$ 86,188.26
R$ 87,951.66
R$ 94,688.97
R$ 81,421.55
R$ 93,033.82
R$ 93,033.82
R$ 87,566.11
R$ 88,929.94
R$ 83,170.92
R$ 88,505.85
R$ 87,566.11
R$ 82,746.82
R$ 76,048.07
R$ 82,746.82
R$ 83,170.92
R$ 71,228.77
R$ 82,322.72
R$ 94,481.77
R$ 83,170.92
R$ 87,951.66
R$ 82,322.72
R$ 94,096.22
R$ 75,276.98
R$ 87,566.11
R$ 82,322.72
R$ 100,626.33

R$13,710.68
R$12,746.82
R$17,322.72
R$2,746.82
R$12,746.82
R$23,710.68
R$8,710.68
R$12,411.90
R$30,626.33
R$12,746.82
R$17,332.83
R$9,688.97
R$17,566.11
R$24,096.22
R$12,951.66
R$35,240.79
R$18,033.82
R$7,951.66
R$1,228.77
R$1,188.26
R$17,951.66
R$14,688.97
R$11,421.55
R$18,033.82
R$23,033.82
R$22,566.11
R$8,929.94
(R$1,829.08)
R$8,505.85
R$17,566.11
R$12,746.82
(R$8,951.93)
(R$2,253.18)
R$13,170.92
(R$3,771.23)
R$2,322.72
R$14,481.77
R$13,170.92
R$17,951.66
R$7,322.72
R$9,096.22
(R$9,723.02)
R$12,566.11
R$12,322.72
R$25,626.33

13.79%
14.30%
16.24%
10.83%
14.30%
17.27%
12.29%
14.47%
19.19%
14.30%
14.72%
12.72%
15.46%
17.35%
13.79%
21.28%
14.86%
12.21%
10.43%
10.30%
15.55%
14.33%
13.60%
14.86%
16.55%
17.44%
12.66%
9.47%
12.55%
15.46%
14.30%
7.57%
9.35%
14.42%
8.76%
10.71%
13.96%
14.42%
15.55%
12.36%
12.38%
7.33%
13.70%
14.18%
17.28%

Pgina 31

Exemplo

R$ 81,421.55
R$ 88,337.20
R$ 92,683.32
R$ 82,322.72
R$ 83,170.92
R$ 87,566.11
R$ 71,652.87
R$ 82,322.72
R$ 87,951.66
R$ 93,710.68
R$ 93,840.77
R$ 88,081.75
R$ 85,837.77
R$ 82,746.82
R$ 92,332.83
R$ 75,276.98
R$ 87,951.66
R$ 83,170.92
R$ 82,746.82
R$ 75,662.52
R$ 82,322.72
R$ 88,081.75
R$ 92,683.32
R$ 86,188.26
R$ 87,566.11
R$ 92,332.83
R$ 92,683.32
R$ 93,710.68
R$ 94,481.77
R$ 92,683.32
R$ 87,951.66
R$ 82,322.72
R$ 94,481.77
R$ 93,840.77
R$ 82,322.72
R$ 82,322.72
R$ 71,652.87
R$ 83,170.92
R$ 94,481.77
R$ 87,566.11
R$ 93,033.82
R$ 88,929.94
R$ 92,683.32
R$ 100,626.33
R$ 92,683.32

R$6,421.55
R$8,337.20
R$22,683.32
R$17,322.72
R$13,170.92
R$2,566.11
R$6,652.87
R$12,322.72
R$17,951.66
R$18,710.68
R$28,840.77
R$13,081.75
R$5,837.77
R$7,746.82
R$12,332.83
R$10,276.98
R$2,951.66
R$13,170.92
R$12,746.82
R$10,662.52
R$12,322.72
R$18,081.75
R$27,683.32
R$16,188.26
R$17,566.11
R$17,332.83
R$17,683.32
R$23,710.68
R$24,481.77
R$17,683.32
R$12,951.66
R$17,322.72
R$19,481.77
R$8,840.77
R$12,322.72
R$17,322.72
R$1,652.87
(R$1,829.08)
R$24,481.77
R$12,566.11
R$8,033.82
R$18,929.94
R$27,683.32
R$20,626.33
R$12,683.32

11.92%
12.31%
16.49%
16.24%
14.42%
10.68%
12.43%
14.18%
15.55%
15.44%
20.13%
14.15%
11.53%
12.48%
13.19%
13.49%
10.78%
14.42%
14.30%
13.59%
14.18%
16.06%
18.40%
14.69%
15.46%
14.72%
14.79%
17.27%
17.43%
14.79%
13.79%
16.24%
15.60%
12.51%
14.18%
16.24%
10.57%
9.47%
17.43%
13.70%
11.96%
16.27%
18.40%
15.57%
13.26%

Pgina 32

Exemplo

R$ 88,929.94
R$ 88,505.85
R$ 76,563.70
R$ 87,951.66
R$ 79,342.71
R$ 82,746.82
R$ 82,322.72
R$ 86,188.26
R$ 75,276.98
R$ 79,693.20
R$ 87,951.66
R$ 83,170.92
R$ 94,688.97
R$ 99,528.88
R$ 94,481.77
R$ 94,688.97
R$ 87,951.66
R$ 88,081.75
R$ 88,337.20
R$ 87,951.66
R$ 87,951.66
R$ 92,683.32
R$ 81,421.55
R$ 94,688.97
R$ 100,626.33
R$ 87,951.66
R$ 82,322.72
R$ 94,481.77
R$ 83,170.92
R$ 92,683.32
R$ 93,033.82
R$ 82,746.82
R$ 87,951.66
R$ 75,276.98
R$ 106,023.94
R$ 87,951.66
R$ 87,951.66
R$ 87,951.66
R$ 88,337.20
R$ 87,951.66
R$ 87,566.11
R$ 83,170.92
R$ 100,626.33
R$ 87,566.11
R$ 81,807.09

R$23,929.94
R$18,505.85
R$6,563.70
R$17,951.66
R$4,342.71
(R$2,253.18)
R$12,322.72
R$1,188.26
R$5,276.98
R$9,693.20
R$22,951.66
R$13,170.92
R$9,688.97
R$19,528.88
R$24,481.77
R$19,688.97
R$12,951.66
R$13,081.75
R$13,337.20
R$17,951.66
R$17,951.66
R$17,683.32
R$6,421.55
R$29,688.97
R$30,626.33
R$17,951.66
R$7,322.72
R$19,481.77
R$13,170.92
R$17,683.32
R$13,033.82
R$12,746.82
R$12,951.66
R$276.98
R$36,023.94
R$7,951.66
R$17,951.66
R$17,951.66
R$23,337.20
R$2,951.66
R$17,566.11
(R$1,829.08)
R$35,626.33
R$22,566.11
R$11,807.09

18.40%
16.17%
12.26%
15.55%
11.22%
9.35%
14.18%
10.30%
11.69%
12.85%
17.52%
14.42%
12.72%
14.94%
17.43%
16.11%
13.79%
14.15%
13.88%
15.55%
15.55%
14.79%
11.92%
20.31%
19.19%
15.55%
12.36%
15.60%
14.42%
14.79%
13.34%
14.30%
13.79%
10.08%
20.02%
12.21%
15.55%
15.55%
17.60%
10.78%
15.46%
9.47%
21.34%
17.44%
13.70%

Pgina 33

Exemplo

R$ 87,566.11
R$ 82,192.63
R$ 81,421.55
R$ 88,929.94
R$ 82,322.72
R$ 94,096.22
R$ 77,411.90
R$ 94,481.77
R$ 82,746.82
R$ 87,951.66
R$ 92,683.32
R$ 88,337.20
R$ 93,710.68
R$ 82,322.72
R$ 87,951.66
R$ 75,662.52
R$ 83,170.92
R$ 87,566.11
R$ 87,951.66
R$ 93,033.82
R$ 88,337.20
R$ 98,827.89
R$ 87,951.66
R$ 70,804.68
R$ 93,710.68
R$ 88,337.20
R$ 87,566.11
R$ 77,411.90
R$ 88,505.85
R$ 87,566.11
R$ 83,170.92
R$ 93,033.82
R$ 92,683.32
R$ 82,322.72
R$ 87,566.11
R$ 93,710.68
R$ 82,322.72
R$ 100,626.33
R$ 82,322.72
R$ 93,710.68
R$ 83,170.92
R$ 82,746.82
R$ 88,337.20
R$ 93,840.77
R$ 76,987.80

R$17,566.11
R$12,192.63
R$16,421.55
R$23,929.94
R$7,322.72
R$24,096.22
(R$7,588.10)
R$19,481.77
R$7,746.82
R$7,951.66
R$7,683.32
R$18,337.20
R$28,710.68
R$2,322.72
R$7,951.66
(R$9,337.48)
R$3,170.92
R$22,566.11
R$17,951.66
R$18,033.82
R$18,337.20
R$18,827.89
R$22,951.66
R$5,804.68
R$8,710.68
R$3,337.20
R$17,566.11
R$7,411.90
R$18,505.85
R$12,566.11
R$8,170.92
R$23,033.82
R$27,683.32
R$12,322.72
R$17,566.11
R$18,710.68
R$2,322.72
R$35,626.33
(R$2,677.28)
R$18,710.68
R$3,170.92
R$12,746.82
R$3,337.20
R$23,840.77
R$11,987.80

15.46%
13.80%
15.49%
18.40%
12.36%
17.35%
7.78%
15.60%
12.48%
12.21%
11.89%
15.63%
19.34%
10.71%
12.21%
7.45%
10.96%
17.44%
15.55%
14.86%
15.63%
14.81%
17.52%
12.15%
12.29%
10.88%
15.46%
12.52%
16.17%
13.70%
12.60%
16.55%
18.40%
14.18%
15.46%
15.44%
10.71%
21.34%
9.22%
15.44%
10.96%
14.30%
10.88%
17.89%
14.35%

Pgina 34

Exemplo

R$ 92,683.32
R$ 88,337.20
R$ 93,710.68
R$ 87,951.66
R$ 81,807.09
R$ 92,683.32
R$ 88,505.85
R$ 100,240.79
R$ 81,807.09
R$ 81,421.55
R$ 93,033.82
R$ 88,337.20
R$ 81,807.09
R$ 92,683.32
R$ 93,710.68
R$ 86,188.26
R$ 100,240.79
R$ 88,505.85
R$ 83,170.92
R$ 82,746.82
R$ 87,951.66
R$ 87,951.66
R$ 86,188.26
R$ 87,566.11
R$ 94,481.77
R$ 100,240.79
R$ 88,337.20
R$ 93,033.82
R$ 76,987.80
R$ 76,987.80
R$ 82,322.72
R$ 93,033.82
R$ 76,563.70
R$ 87,951.66
R$ 79,693.20
R$ 87,566.11
R$ 82,746.82
R$ 87,951.66
R$ 88,337.20
R$ 76,563.70
R$ 94,481.77
R$ 87,951.66
R$ 76,987.80
R$ 87,566.11
R$ 94,481.77

R$22,683.32
R$8,337.20
R$13,710.68
R$22,951.66
R$6,807.09
R$7,683.32
R$18,505.85
R$25,240.79
R$6,807.09
R$1,421.55
R$13,033.82
R$3,337.20
R$11,807.09
R$27,683.32
R$18,710.68
R$6,188.26
R$20,240.79
R$13,505.85
R$13,170.92
R$12,746.82
R$12,951.66
R$7,951.66
R$6,188.26
R$7,566.11
R$24,481.77
R$25,240.79
R$13,337.20
R$23,033.82
R$6,987.80
R$6,987.80
R$7,322.72
R$18,033.82
R$6,563.70
R$12,951.66
R$4,693.20
R$12,566.11
R$7,746.82
R$17,951.66
R$8,337.20
R$6,563.70
R$14,481.77
R$2,951.66
(R$3,012.20)
R$17,566.11
R$14,481.77

16.49%
12.31%
13.79%
17.52%
12.02%
11.89%
16.17%
17.21%
12.02%
10.40%
13.34%
10.88%
13.70%
18.40%
15.44%
11.61%
15.49%
14.26%
14.42%
14.30%
13.79%
12.21%
11.61%
12.12%
17.43%
17.21%
13.88%
16.55%
12.39%
12.39%
12.36%
14.86%
12.26%
13.79%
11.31%
13.70%
12.48%
15.55%
12.31%
12.26%
13.96%
10.78%
9.07%
15.46%
13.96%

Pgina 35

Exemplo

R$ 81,421.55
R$ 92,683.32
R$ 88,929.94
R$ 94,096.22
R$ 87,951.66
R$ 93,710.68
R$ 82,192.63
R$ 87,951.66
R$ 82,746.82
R$ 86,538.76
R$ 87,566.11
R$ 83,170.92
R$ 86,188.26
R$ 88,505.85
R$ 99,528.88
R$ 100,240.79
R$ 93,033.82
R$ 87,951.66
R$ 75,276.98
R$ 87,951.66
R$ 92,683.32
R$ 87,951.66
R$ 82,322.72
R$ 76,563.70
R$ 88,337.20
R$ 79,693.20
R$ 88,929.94
R$ 88,929.94
R$ 92,683.32
R$ 70,804.68
R$ 87,951.66
R$ 87,566.11
R$ 88,081.75
R$ 76,563.70
R$ 82,746.82
R$ 87,951.66
R$ 88,337.20
R$ 92,332.83
R$ 93,033.82
R$ 87,951.66
R$ 88,337.20
R$ 94,481.77
R$ 86,188.26
R$ 87,566.11
R$ 87,566.11

R$6,421.55
R$7,683.32
R$3,929.94
R$24,096.22
R$7,951.66
R$23,710.68
(R$2,807.37)
R$2,951.66
R$12,746.82
R$11,538.76
R$17,566.11
R$13,170.92
R$11,188.26
R$3,505.85
R$14,528.88
R$15,240.79
R$18,033.82
R$17,951.66
R$5,276.98
R$22,951.66
R$27,683.32
R$7,951.66
R$7,322.72
R$1,563.70
R$18,337.20
(R$5,306.80)
R$8,929.94
R$13,929.94
R$7,683.32
(R$4,195.32)
R$12,951.66
R$12,566.11
R$3,081.75
R$6,563.70
R$12,746.82
R$17,951.66
R$13,337.20
R$22,332.83
R$23,033.82
R$12,951.66
R$13,337.20
R$29,481.77
R$6,188.26
R$17,566.11
R$7,566.11

11.92%
11.89%
11.12%
17.35%
12.21%
17.27%
9.25%
10.78%
14.30%
13.15%
15.46%
14.42%
13.07%
11.00%
13.50%
13.94%
14.86%
15.55%
11.69%
17.52%
18.40%
12.21%
12.36%
10.51%
15.63%
8.66%
12.66%
14.37%
11.89%
8.61%
13.79%
13.70%
10.89%
12.26%
14.30%
15.55%
13.88%
16.42%
16.55%
13.79%
13.88%
19.49%
11.61%
15.46%
12.12%

Pgina 36

Exemplo

R$ 71,652.87
R$ 94,096.22
R$ 94,264.87
R$ 94,096.22
R$ 92,332.83
R$ 83,170.92
R$ 82,322.72
R$ 100,240.79
R$ 82,746.82
R$ 87,951.66
R$ 75,276.98
R$ 87,566.11
R$ 82,746.82
R$ 98,827.89
R$ 87,566.11
R$ 82,322.72
R$ 94,481.77
R$ 88,929.94
R$ 99,528.88
R$ 98,827.89
R$ 92,683.32
R$ 87,951.66
R$ 87,951.66
R$ 94,481.77
R$ 82,746.82
R$ 94,688.97
R$ 81,421.55
R$ 100,240.79
R$ 82,746.82
R$ 92,332.83
R$ 76,987.80
R$ 82,746.82
R$ 77,411.90
R$ 87,566.11
R$ 83,170.92
R$ 93,033.82
R$ 105,322.95
R$ 105,322.95
R$ 87,566.11
R$ 99,528.88
R$ 92,332.83
R$ 81,421.55
R$ 88,337.20
R$ 94,481.77
R$ 88,337.20

R$1,652.87
R$24,096.22
R$9,264.87
R$19,096.22
R$12,332.83
R$13,170.92
R$7,322.72
R$30,240.79
R$7,746.82
R$17,951.66
(R$4,723.02)
R$12,566.11
R$12,746.82
R$23,827.89
R$22,566.11
R$7,322.72
R$14,481.77
R$13,929.94
R$24,528.88
R$23,827.89
R$17,683.32
R$7,951.66
R$12,951.66
R$24,481.77
R$2,746.82
R$24,688.97
R$16,421.55
R$35,240.79
R$12,746.82
R$22,332.83
(R$8,012.20)
R$12,746.82
R$7,411.90
R$2,566.11
R$13,170.92
R$23,033.82
R$35,322.95
R$30,322.95
R$17,566.11
R$24,528.88
R$22,332.83
R$6,421.55
R$3,337.20
R$24,481.77
R$13,337.20

10.57%
17.35%
12.62%
15.52%
13.19%
14.42%
12.36%
19.12%
12.48%
15.55%
8.64%
13.70%
14.30%
16.40%
17.44%
12.36%
13.96%
14.37%
16.53%
16.40%
14.79%
12.21%
13.79%
17.43%
10.83%
18.08%
15.49%
21.28%
14.30%
16.42%
7.64%
14.30%
12.52%
10.68%
14.42%
16.55%
19.91%
18.05%
15.46%
16.53%
16.42%
11.92%
10.88%
17.43%
13.88%

Pgina 37

Exemplo

R$ 94,481.77
R$ 100,626.33
R$ 88,337.20
R$ 82,746.82
R$ 92,683.32
R$ 92,683.32
R$ 93,710.68
R$ 88,505.85
R$ 87,951.66
R$ 94,096.22
R$ 87,566.11
R$ 94,688.97
R$ 76,048.07
R$ 87,951.66
R$ 94,688.97
R$ 93,033.82
R$ 87,951.66
R$ 82,746.82
R$ 83,170.92
R$ 88,337.20
R$ 92,683.32
R$ 87,566.11
R$ 75,662.52
R$ 88,337.20
R$ 93,710.68
R$ 99,855.25
R$ 94,688.97
R$ 71,652.87
R$ 81,421.55
R$ 82,746.82
R$ 76,987.80
R$ 88,505.85
R$ 87,951.66
R$ 87,951.66
R$ 87,951.66
R$ 82,746.82
R$ 99,178.38
R$ 88,929.94
R$ 94,096.22
R$ 88,337.20
R$ 86,188.26
R$ 82,322.72
R$ 87,566.11
R$ 87,566.11
R$ 83,170.92

R$24,481.77
R$20,626.33
R$13,337.20
R$7,746.82
R$12,683.32
R$22,683.32
R$23,710.68
R$18,505.85
R$12,951.66
R$19,096.22
R$7,566.11
R$24,688.97
(R$3,951.93)
R$12,951.66
R$19,688.97
R$18,033.82
R$12,951.66
R$2,746.82
R$18,170.92
R$18,337.20
R$22,683.32
R$7,566.11
R$5,662.52
R$13,337.20
R$13,710.68
R$19,855.25
R$19,688.97
R$1,652.87
R$11,421.55
R$12,746.82
R$11,987.80
R$18,505.85
R$17,951.66
R$2,951.66
R$17,951.66
(R$2,253.18)
R$14,178.38
R$18,929.94
R$24,096.22
R$13,337.20
R$16,188.26
R$7,322.72
R$2,566.11
R$12,566.11
R$18,170.92

17.43%
15.57%
13.88%
12.48%
13.26%
16.49%
17.27%
16.17%
13.79%
15.52%
12.12%
18.08%
8.88%
13.79%
16.11%
14.86%
13.79%
10.83%
16.46%
15.63%
16.49%
12.12%
11.80%
13.88%
13.79%
15.41%
16.11%
10.57%
13.60%
14.30%
14.35%
16.17%
15.55%
10.78%
15.55%
9.35%
13.43%
16.27%
17.35%
13.88%
14.69%
12.36%
10.68%
13.70%
16.46%

Pgina 38

Exemplo

R$ 82,322.72
R$ 82,746.82
R$ 88,337.20
R$ 100,240.79
R$ 83,170.92
R$ 86,188.26
R$ 99,855.25
R$ 85,837.77
R$ 88,929.94
R$ 87,951.66
R$ 86,538.76
R$ 93,033.82
R$ 94,096.22
R$ 82,322.72
R$ 87,951.66
R$ 105,322.95
R$ 82,746.82
R$ 88,337.20
R$ 92,683.32
R$ 81,807.09
R$ 82,746.82
R$ 87,566.11
R$ 92,332.83
R$ 82,192.63
R$ 82,746.82
R$ 71,228.77
R$ 94,096.22
R$ 83,170.92
R$ 92,683.32
R$ 93,033.82
R$ 87,951.66
R$ 82,322.72
R$ 82,746.82
R$ 76,563.70
R$ 87,951.66
R$ 93,710.68
R$ 99,528.88
R$ 82,322.72
R$ 87,566.11
R$ 82,322.72
R$ 82,322.72
R$ 94,481.77
R$ 88,081.75
R$ 83,170.92
R$ 71,228.77

R$2,322.72
(R$2,253.18)
R$18,337.20
R$20,240.79
R$18,170.92
R$11,188.26
R$34,855.25
R$15,837.77
R$3,929.94
R$12,951.66
R$16,538.76
R$23,033.82
R$24,096.22
R$7,322.72
R$7,951.66
R$25,322.95
R$2,746.82
R$13,337.20
R$12,683.32
R$16,807.09
R$12,746.82
R$17,566.11
R$7,332.83
R$12,192.63
R$17,746.82
R$6,228.77
R$9,096.22
R$13,170.92
R$17,683.32
R$18,033.82
R$12,951.66
R$7,322.72
R$2,746.82
(R$8,436.30)
R$17,951.66
R$23,710.68
R$29,528.88
R$17,322.72
R$17,566.11
R$12,322.72
R$12,322.72
R$24,481.77
R$13,081.75
(R$1,829.08)
(R$8,771.23)

10.71%
9.35%
15.63%
15.49%
16.46%
13.07%
21.21%
14.62%
11.12%
13.79%
14.77%
16.55%
17.35%
12.36%
12.21%
16.39%
10.83%
13.88%
13.26%
15.58%
14.30%
15.46%
11.81%
13.80%
16.35%
12.29%
12.38%
14.42%
14.79%
14.86%
13.79%
12.36%
10.83%
7.50%
15.55%
17.27%
18.30%
16.24%
15.46%
14.18%
14.18%
17.43%
14.15%
9.47%
7.26%

Pgina 39

Exemplo

R$ 100,626.33
R$ 92,332.83
R$ 88,337.20
R$ 99,178.38
R$ 81,807.09
R$ 83,170.92
R$ 87,566.11
R$ 87,566.11
R$ 83,170.92
R$ 93,840.77
R$ 81,807.09
R$ 76,987.80
R$ 88,505.85
R$ 82,322.72
R$ 87,566.11
R$ 87,566.11
R$ 71,652.87
R$ 81,421.55
R$ 88,081.75
R$ 92,332.83
R$ 88,505.85
R$ 94,688.97
R$ 105,322.95
R$ 82,192.63
R$ 82,322.72
R$ 82,322.72
R$ 92,683.32
R$ 82,192.63
R$ 93,710.68
R$ 93,840.77
R$ 88,929.94
R$ 82,746.82
R$ 83,170.92
R$ 100,240.79
R$ 83,170.92
R$ 88,337.20
R$ 82,192.63
R$ 94,096.22
R$ 87,951.66
R$ 83,170.92
R$ 82,746.82
R$ 94,481.77
R$ 93,033.82
R$ 93,033.82
R$ 88,505.85

R$30,626.33
R$12,332.83
R$23,337.20
R$19,178.38
R$6,807.09
R$3,170.92
R$7,566.11
R$22,566.11
R$3,170.92
R$18,840.77
R$16,807.09
R$1,987.80
R$18,505.85
R$17,322.72
R$17,566.11
R$17,566.11
(R$3,347.13)
R$6,421.55
R$13,081.75
R$22,332.83
R$3,505.85
R$9,688.97
R$20,322.95
(R$2,807.37)
R$17,322.72
(R$2,677.28)
R$17,683.32
R$12,192.63
R$23,710.68
R$23,840.77
R$18,929.94
R$12,746.82
R$13,170.92
R$30,240.79
R$8,170.92
R$23,337.20
R$17,192.63
R$19,096.22
R$22,951.66
R$13,170.92
R$17,746.82
R$29,481.77
R$23,033.82
R$23,033.82
R$13,505.85

19.19%
13.19%
17.60%
14.87%
12.02%
10.96%
12.12%
17.44%
10.96%
15.91%
15.58%
10.64%
16.17%
16.24%
15.46%
15.46%
8.91%
11.92%
14.15%
16.42%
11.00%
12.72%
14.88%
9.25%
16.24%
9.22%
14.79%
13.80%
17.27%
17.89%
16.27%
14.30%
14.42%
19.12%
12.60%
17.60%
15.67%
15.52%
17.52%
14.42%
16.35%
19.49%
16.55%
16.55%
14.26%

Pgina 40

Exemplo

R$ 93,710.68
R$ 83,170.92
R$ 77,411.90
R$ 82,746.82
R$ 87,951.66
R$ 77,411.90
R$ 82,746.82
R$ 87,951.66
R$ 86,538.76
R$ 88,337.20
R$ 82,746.82
R$ 82,322.72
R$ 94,096.22
R$ 82,746.82
R$ 88,337.20
R$ 88,081.75
R$ 88,337.20
R$ 100,626.33
R$ 93,710.68
R$ 88,337.20
R$ 87,566.11
R$ 86,538.76
R$ 83,170.92
R$ 76,987.80
R$ 93,840.77
R$ 88,081.75
R$ 81,421.55
R$ 87,566.11
R$ 87,951.66
R$ 88,081.75
R$ 88,505.85
R$ 81,807.09
R$ 77,411.90
R$ 100,240.79
R$ 88,081.75
R$ 71,228.77
R$ 93,033.82
R$ 93,033.82
R$ 87,951.66
R$ 92,683.32
R$ 76,048.07
R$ 87,951.66
R$ 87,566.11
R$ 86,188.26
R$ 75,662.52

R$23,710.68
R$13,170.92
R$12,411.90
R$12,746.82
R$17,951.66
R$2,411.90
R$2,746.82
R$2,951.66
R$11,538.76
R$8,337.20
R$12,746.82
R$12,322.72
R$19,096.22
R$7,746.82
R$18,337.20
R$18,081.75
R$8,337.20
R$30,626.33
R$23,710.68
R$3,337.20
R$17,566.11
R$16,538.76
(R$1,829.08)
R$11,987.80
R$23,840.77
R$18,081.75
(R$3,578.45)
R$7,566.11
R$17,951.66
R$18,081.75
R$18,505.85
R$11,807.09
R$2,411.90
R$25,240.79
R$18,081.75
R$1,228.77
R$18,033.82
R$18,033.82
R$17,951.66
R$22,683.32
R$6,048.07
R$12,951.66
R$17,566.11
R$11,188.26
(R$9,337.48)

17.27%
14.42%
14.47%
14.30%
15.55%
10.78%
10.83%
10.78%
13.15%
12.31%
14.30%
14.18%
15.52%
12.48%
15.63%
16.06%
12.31%
19.19%
17.27%
10.88%
15.46%
14.77%
9.47%
14.35%
17.89%
16.06%
9.03%
12.12%
15.55%
16.06%
16.17%
13.70%
10.78%
17.21%
16.06%
10.43%
14.86%
14.86%
15.55%
16.49%
11.91%
13.79%
15.46%
13.07%
7.45%

Pgina 41

Exemplo

R$ 92,332.83
R$ 94,481.77
R$ 100,240.79
R$ 94,264.87
R$ 92,683.32
R$ 94,264.87
R$ 93,033.82
R$ 82,746.82
R$ 92,683.32
R$ 94,481.77
R$ 88,337.20
R$ 93,710.68
R$ 77,411.90
R$ 92,683.32
R$ 93,710.68
R$ 88,081.75
R$ 87,566.11
R$ 87,951.66
R$ 94,096.22
R$ 88,337.20
R$ 87,566.11
R$ 82,322.72
R$ 94,096.22
R$ 88,337.20
R$ 94,264.87
R$ 76,563.70
R$ 75,276.98
R$ 83,170.92
R$ 99,178.38
R$ 94,096.22
R$ 88,337.20
R$ 87,951.66
R$ 93,710.68
R$ 92,683.32
R$ 81,421.55
R$ 94,481.77
R$ 93,840.77
R$ 76,048.07
R$ 82,746.82
R$ 76,563.70
R$ 106,023.94
R$ 99,178.38
R$ 92,683.32
R$ 87,566.11
R$ 76,987.80

R$22,332.83
R$24,481.77
R$30,240.79
R$14,264.87
R$22,683.32
R$29,264.87
R$13,033.82
R$12,746.82
R$17,683.32
R$24,481.77
R$3,337.20
R$23,710.68
R$12,411.90
R$7,683.32
R$18,710.68
R$13,081.75
R$12,566.11
R$7,951.66
R$9,096.22
R$13,337.20
R$12,566.11
R$12,322.72
R$24,096.22
R$23,337.20
R$29,264.87
R$6,563.70
R$276.98
R$13,170.92
R$24,178.38
R$19,096.22
R$13,337.20
R$7,951.66
R$8,710.68
R$17,683.32
R$11,421.55
R$24,481.77
R$28,840.77
R$6,048.07
R$7,746.82
R$6,563.70
R$36,023.94
R$24,178.38
R$7,683.32
R$22,566.11
R$1,987.80

16.42%
17.43%
19.12%
14.23%
16.49%
20.22%
13.34%
14.30%
14.79%
17.43%
10.88%
17.27%
14.47%
11.89%
15.44%
14.15%
13.70%
12.21%
12.38%
13.88%
13.70%
14.18%
17.35%
17.60%
20.22%
12.26%
10.08%
14.42%
16.47%
15.52%
13.88%
12.21%
12.29%
14.79%
13.60%
17.43%
20.13%
11.91%
12.48%
12.26%
20.02%
16.47%
11.89%
17.44%
10.64%

Pgina 42

Exemplo

R$ 93,710.68
R$ 92,332.83
R$ 81,807.09
R$ 87,566.11
R$ 83,170.92
R$ 82,322.72
R$ 82,192.63
R$ 83,170.92
R$ 93,033.82
R$ 87,566.11
R$ 76,987.80
R$ 82,322.72
R$ 93,033.82
R$ 88,337.20
R$ 76,987.80
R$ 92,683.32
R$ 99,528.88
R$ 83,170.92
R$ 92,332.83
R$ 87,951.66
R$ 100,626.33
R$ 86,538.76
R$ 87,951.66
R$ 93,710.68
R$ 98,827.89
R$ 82,322.72
R$ 92,683.32
R$ 81,421.55
R$ 92,683.32
R$ 87,566.11
R$ 93,710.68
R$ 92,332.83
R$ 94,096.22
R$ 82,322.72
R$ 87,566.11
R$ 79,693.20
R$ 87,951.66
R$ 94,096.22
R$ 94,264.87
R$ 94,688.97
R$ 82,322.72
R$ 81,421.55
R$ 92,683.32
R$ 88,337.20
R$ 88,929.94

R$23,710.68
R$12,332.83
(R$3,192.91)
R$2,566.11
R$8,170.92
R$7,322.72
R$2,192.63
R$8,170.92
R$28,033.82
R$12,566.11
(R$8,012.20)
R$12,322.72
R$8,033.82
R$18,337.20
R$1,987.80
R$22,683.32
R$19,528.88
R$8,170.92
R$17,332.83
R$7,951.66
R$30,626.33
R$6,538.76
R$12,951.66
R$28,710.68
R$23,827.89
R$17,322.72
R$22,683.32
R$11,421.55
R$17,683.32
R$2,566.11
R$13,710.68
R$17,332.83
R$14,096.22
R$2,322.72
R$12,566.11
(R$5,306.80)
R$17,951.66
R$24,096.22
R$19,264.87
R$24,688.97
R$17,322.72
R$1,421.55
R$22,683.32
R$18,337.20
R$3,929.94

17.27%
13.19%
9.14%
10.68%
12.60%
12.36%
10.61%
12.60%
18.46%
13.70%
7.64%
14.18%
11.96%
15.63%
10.64%
16.49%
14.94%
12.60%
14.72%
12.21%
19.19%
11.70%
13.79%
19.34%
16.40%
16.24%
16.49%
13.60%
14.79%
10.68%
13.79%
14.72%
13.87%
10.71%
13.70%
8.66%
15.55%
17.35%
16.01%
18.08%
16.24%
10.40%
16.49%
15.63%
11.12%

Pgina 43

Exemplo

R$ 82,322.72
R$ 99,178.38
R$ 83,170.92
R$ 92,332.83
R$ 82,322.72
R$ 92,332.83
R$ 80,043.70
R$ 82,322.72
R$ 88,505.85
R$ 76,563.70
R$ 87,951.66
R$ 87,951.66
R$ 87,951.66
R$ 82,322.72
R$ 88,337.20
R$ 92,332.83
R$ 87,951.66
R$ 82,746.82
R$ 88,337.20
R$ 87,566.11
R$ 76,563.70
R$ 94,264.87
R$ 93,033.82
R$ 79,693.20
R$ 92,683.32
R$ 100,240.79
R$ 82,322.72
R$ 93,710.68
R$ 76,987.80
R$ 81,421.55
R$ 82,322.72
R$ 93,710.68
R$ 94,688.97
R$ 99,855.25
R$ 93,710.68
R$ 99,178.38
R$ 88,337.20
R$ 79,693.20
R$ 77,411.90
R$ 88,337.20
R$ 100,626.33
R$ 93,033.82
R$ 87,951.66
R$ 77,411.90
R$ 88,081.75

(R$2,677.28)
R$29,178.38
R$13,170.92
R$7,332.83
R$2,322.72
R$22,332.83
R$15,043.70
R$12,322.72
R$18,505.85
R$11,563.70
R$22,951.66
R$17,951.66
R$7,951.66
R$12,322.72
R$13,337.20
R$22,332.83
R$17,951.66
R$17,746.82
R$13,337.20
R$12,566.11
(R$3,436.30)
R$14,264.87
R$18,033.82
R$14,693.20
R$7,683.32
R$35,240.79
R$17,322.72
R$8,710.68
R$6,987.80
R$6,421.55
(R$2,677.28)
R$28,710.68
R$24,688.97
R$29,855.25
R$8,710.68
R$29,178.38
R$23,337.20
R$4,693.20
(R$2,588.10)
R$18,337.20
R$35,626.33
R$23,033.82
R$12,951.66
R$7,411.90
R$13,081.75

9.22%
18.24%
14.42%
11.81%
10.71%
16.42%
14.66%
14.18%
16.17%
14.22%
17.52%
15.55%
12.21%
14.18%
13.88%
16.42%
15.55%
16.35%
13.88%
13.70%
8.93%
14.23%
14.86%
14.58%
11.89%
21.28%
16.24%
12.29%
12.39%
11.92%
9.22%
19.34%
18.08%
19.05%
12.29%
18.24%
17.60%
11.31%
9.21%
15.63%
21.34%
16.55%
13.79%
12.52%
14.15%

Pgina 44

Exemplo

R$ 93,033.82
R$ 93,033.82
R$ 82,322.72
R$ 82,322.72
R$ 87,566.11
R$ 93,710.68
R$ 92,683.32
R$ 94,264.87
R$ 87,951.66
R$ 93,710.68
R$ 92,332.83
R$ 93,033.82
R$ 76,987.80
R$ 88,337.20
R$ 92,683.32
R$ 100,240.79
R$ 81,807.09
R$ 82,322.72
R$ 82,192.63
R$ 86,188.26
R$ 92,683.32
R$ 82,322.72
R$ 88,505.85
R$ 88,929.94
R$ 87,566.11
R$ 94,096.22
R$ 82,746.82
R$ 87,951.66
R$ 75,276.98
R$ 94,481.77
R$ 94,688.97
R$ 85,837.77
R$ 76,563.70
R$ 88,505.85
R$ 82,192.63
R$ 82,746.82
R$ 82,322.72
R$ 88,337.20
R$ 94,096.22
R$ 82,322.72
R$ 80,043.70
R$ 76,987.80
R$ 93,710.68
R$ 83,170.92
R$ 87,951.66

R$23,033.82
R$18,033.82
(R$2,677.28)
R$12,322.72
R$2,566.11
R$13,710.68
R$17,683.32
R$9,264.87
R$17,951.66
R$13,710.68
R$17,332.83
R$28,033.82
(R$8,012.20)
R$18,337.20
R$22,683.32
R$35,240.79
(R$3,192.91)
R$12,322.72
R$2,192.63
R$21,188.26
R$22,683.32
R$2,322.72
R$3,505.85
R$3,929.94
R$12,566.11
R$14,096.22
R$12,746.82
R$17,951.66
R$5,276.98
R$14,481.77
R$9,688.97
R$5,837.77
R$6,563.70
R$18,505.85
R$12,192.63
R$7,746.82
(R$2,677.28)
R$13,337.20
R$24,096.22
R$7,322.72
R$5,043.70
(R$3,012.20)
R$18,710.68
R$18,170.92
R$7,951.66

16.55%
14.86%
9.22%
14.18%
10.68%
13.79%
14.79%
12.62%
15.55%
13.79%
14.72%
18.46%
7.64%
15.63%
16.49%
21.28%
9.14%
14.18%
10.61%
16.51%
16.49%
10.71%
11.00%
11.12%
13.70%
13.87%
14.30%
15.55%
11.69%
13.96%
12.72%
11.53%
12.26%
16.17%
13.80%
12.48%
9.22%
13.88%
17.35%
12.36%
11.40%
9.07%
15.44%
16.46%
12.21%

Pgina 45

Exemplo

R$ 94,481.77
R$ 88,337.20
R$ 100,626.33
R$ 76,563.70
R$ 82,192.63
R$ 98,827.89
R$ 100,240.79
R$ 75,276.98
R$ 83,170.92
R$ 99,855.25
R$ 88,337.20
R$ 85,837.77
R$ 88,337.20
R$ 99,855.25
R$ 85,837.77
R$ 93,033.82
R$ 81,807.09
R$ 87,951.66
R$ 88,337.20
R$ 94,096.22
R$ 88,337.20
R$ 92,332.83

R$19,481.77
R$3,337.20
R$30,626.33
R$6,563.70
R$2,192.63
R$28,827.89
R$25,240.79
R$5,276.98
R$13,170.92
R$29,855.25
R$18,337.20
R$15,837.77
R$13,337.20
R$29,855.25
R$5,837.77
R$23,033.82
R$16,807.09
R$2,951.66
R$13,337.20
R$24,096.22
R$13,337.20
R$27,332.83

15.60%
10.88%
19.19%
12.26%
10.61%
18.18%
17.21%
11.69%
14.42%
19.05%
15.63%
14.62%
13.88%
19.05%
11.53%
16.55%
15.58%
10.78%
13.88%
17.35%
13.88%
18.34%

Pgina 46

Exemplo

De

Freq

Freq Acum

-20000

-10000

-10000

10000

24

31

10000

20000

50

81

20000

30000

14

95

30000

40000

99

40000

50000

100

120
100
80

60
40

20
60

0
-20000 -10000

50

40

30
20

10
0

-10000

10000

20000

30000

Pgina 47

40000

50000

10000

20000

Exemplo

Pgina 48

Exemplo

Pgina 49

Exemplo

Pgina 50

Exemplo

Pgina 51

Exemplo

Pgina 52

Exemplo

Pgina 53

Exemplo

Pgina 54

Exemplo

Pgina 55

Exemplo

Pgina 56

Exemplo

Pgina 57

Exemplo

Pgina 58

Exemplo

Pgina 59

Exemplo

Pgina 60

Exemplo

Pgina 61

Exemplo

Pgina 62

Exemplo

Pgina 63

Exemplo

Pgina 64

Exemplo

Pgina 65

Exemplo

Pgina 66

Exemplo

Pgina 67

Exemplo

Pgina 68

Exemplo

Pgina 69

Exemplo

29

20000

30000

40000

50000

60000

Pgina 70

#REF!

Plan3

Dados:
Investimento=

70000

Receita=

14000

Valor residual=

5000

Vida=

10

TMA=

10%

Valor Negcio=
VPL=
TIR=

INVESTIMENTO
Valor
Dist.
65000
12
70000
35
75000
25
80000
15
85000
13

R$ 87,951.66
R$ 17,951.66
15.55%

Pgina 71

RECEITA
Valor
Dist.
12000
13000
14000
15000
16000

VALOR RESIDUAL
5
15
50
20
10

Plan3

VALOR RESIDUAL
Valor
Dist.
4000
30
5000
40
6000
30

VIDA
Anos
Dist.
9
10
11

35
45
20

Pgina 72

SIMULAO POR MONTE CARLO

Distribuio dos dados de entrada - Problema 1 da apostila
INVESTIMENTO
RECEITA
VIDA
TAXA
Valor Dist. acum. Valor Dist. acum.
Anos
Dist. acum.
220000
20
7800
20
18
30
5%
230000
50
23400
65
22
70
240000
85
39000
90
26
100
250000
100
54600
100

N
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
33
34

INVESTIMENTO
N. aleat.
Valor
4
220000
20
230000
97
250000
95
250000
18
220000
69
240000
91
250000
66
240000
84
240000
23
230000
65
240000
76
240000
54
240000
80
240000
35
230000
98
250000
60
240000
65
240000
64
240000
27
230000
28
230000
83
240000
98
250000
99
250000
68
240000
87
250000
40
230000
37
230000
13
220000
98
250000
34
230000
1
220000
46
230000
73
240000

SIMULAO
RECEITA
VIDA
N. aleat.
Valor
N. aleatrio
Anos
78
54600
41
98
39000
70
21
23400
22
72
54600
29
89
54600
27
40
23400
25
2
7800
0
43
23400
85
22
23400
87
72
54600
61
42
23400
26
38
23400
10
96
39000
11
37
23400
12
32
23400
37
41
23400
72
33
23400
97
59
23400
10
63
23400
26
3
7800
56
66
54600
22
70
54600
58
76
54600
39
4
7800
82
47
23400
63
11
7800
42
50
23400
73
95
39000
86
36
23400
12
13
7800
4
48
23400
22
81
54600
73
50
23400
38
71
54600
93

Pgina 73

22
26
18
18
18
18
18
26
26
22
18
18
18
18
22
26
26
18
18
22
18
22
22
26
22
22
26
26
18
18
18
26
22
26

Valor Presente
Valor
R$498,699.94
R$330,632.23
R$23,536.33
R$388,251.44
R$418,251.44
R$33,536.33
(R$158,821.22)
R$96,379.34
R$96,379.34
R$488,699.94
R$33,536.33
R$33,536.33
R$215,893.89
R$33,536.33
R$78,014.26
R$86,379.34
R$96,379.34
R$33,536.33
R$33,536.33
(R$127,328.58)
R$408,251.44
R$478,699.94
R$468,699.94
(R$137,873.55)
R$68,014.26
(R$147,328.58)
R$106,379.34
R$330,632.23
R$53,536.33
(R$158,821.22)
R$43,536.33
R$564,885.12
R$78,014.26
R$544,885.12

SIMULAO POR MONTE CARLO

N
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76

INVESTIMENTO
N. aleat.
Valor
86
250000
64
240000
90
250000
73
240000
64
240000
85
250000
23
230000
27
230000
47
230000
81
240000
16
220000
44
230000
60
240000
73
240000
63
240000
35
230000
24
230000
16
220000
41
230000
71
240000
12
220000
74
240000
95
250000
27
230000
14
220000
21
230000
87
250000
21
230000
40
230000
9
220000
9
220000
79
240000
84
240000
85
250000
57
240000
41
230000
70
240000
17
220000
20
230000
65
240000
40
230000
51
240000

SIMULAO
RECEITA
VIDA
N. aleat.
Valor
N. aleatrio
Anos
76
54600
99
14
7800
26
64
23400
78
49
23400
68
45
23400
52
20
7800
24
50
23400
92
24
23400
26
19
7800
57
0
7800
76
69
54600
62
68
54600
94
37
23400
13
54
23400
98
51
23400
22
41
23400
25
84
54600
78
31
23400
91
53
23400
90
67
54600
65
55
23400
0
39
23400
2
44
23400
77
71
54600
87
21
23400
65
89
54600
89
87
54600
18
31
23400
65
71
54600
48
58
23400
28
29
23400
11
24
23400
52
2
7800
16
35
23400
66
23
23400
54
22
23400
56
76
54600
67
94
39000
99
9
7800
1
86
54600
99
99
39000
28
39
23400
29

Pgina 74

26
18
26
22
22
18
26
18
22
26
22
26
18
26
18
18
26
26
26
22
18
18
26
26
22
26
18
22
22
18
18
22
18
22
22
22
22
26
18
26
18
18

Valor Presente
Valor
R$534,885.12
(R$148,821.22)
R$86,379.34
R$68,014.26
R$68,014.26
(R$158,821.22)
R$106,379.34
R$43,536.33
(R$127,328.58)
(R$127,873.55)
R$498,699.94
R$554,885.12
R$33,536.33
R$96,379.34
R$33,536.33
R$43,536.33
R$554,885.12
R$116,379.34
R$106,379.34
R$478,699.94
R$53,536.33
R$33,536.33
R$86,379.34
R$554,885.12
R$88,014.26
R$554,885.12
R$388,251.44
R$78,014.26
R$488,699.94
R$53,536.33
R$53,536.33
R$68,014.26
(R$148,821.22)
R$58,014.26
R$68,014.26
R$78,014.26
R$478,699.94
R$340,632.23
(R$138,821.22)
R$544,885.12
R$225,893.89
R$33,536.33

SIMULAO POR MONTE CARLO

N
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

INVESTIMENTO
N. aleat.
Valor
91
250000
79
240000
27
230000
5
220000
97
250000
67
240000
72
240000
16
220000
48
230000
49
230000
3
220000
36
230000
63
240000
88
250000
84
240000
75
240000
37
230000
72
240000
67
240000
38
230000
75
240000
65
240000
35
230000
75
240000

SIMULAO
RECEITA
VIDA
N. aleat.
Valor
N. aleatrio
Anos
27
23400
85
5
7800
25
98
39000
93
52
23400
5
77
54600
32
52
23400
87
56
23400
87
62
23400
44
31
23400
95
29
23400
88
36
23400
89
5
7800
42
35
23400
85
42
23400
22
34
23400
38
74
54600
97
40
23400
15
13
7800
60
27
23400
32
24
23400
0
80
54600
1
22
23400
70
92
39000
70
97
39000
50

Pgina 75

26
18
26
18
22
26
26
22
26
26
26
22
26
18
22
26
18
22
22
18
18
26
22
22

Valor Presente
Valor
R$86,379.34
(R$148,821.22)
R$330,632.23
R$53,536.33
R$468,699.94
R$96,379.34
R$96,379.34
R$88,014.26
R$106,379.34
R$106,379.34
R$116,379.34
(R$127,328.58)
R$96,379.34
R$23,536.33
R$68,014.26
R$544,885.12
R$43,536.33
(R$137,328.58)
R$68,014.26
R$43,536.33
R$398,251.44
R$96,379.34
R$283,357.10
R$273,357.10

SIMULAO POR MONTE CARLO

Mdia : R$154,116.21
D.P. amost :
214099.81
P(VP < 0)
t 0,05,99 :
Interv. 95%

Mximo:
Mnimo:
Bloco
-200000
0
200000
400000
600000

Pgina 76

23.58%
1.984216952
111634.17
Superior: 196598.26
Inferior:

R$564,885.12
(R$158,821.22)

SIMULAO POR MONTE CARLO

Mdia : R$154,116.21

Pgina 77

SIMULAO POR MONTE CARLO

Mdia : R$154,116.21

Pgina 78