EJERCICIO 5

TASA

18%

FLUJO A
NPR

INVERSION INICIAL
INGRESOS
0
-$ 3,200,000.00
1
$ 630,000.00
2
$ 680,000.00
3
$ 760,000.00
4
$ 810,000.00
5
$ 900,000.00
6
$ 950,000.00
7
$ 1,050,000.00
8
$ 1,300,000.00
9
$ 1,500,000.00
10
$ 1,800,000.00

TASA

18%
FLUJO B

NPR
0
1
2
3
4
5
6
7
8
9
10

EJERCICIO 3 TASA
NPR

INVERSION INICIAL
INGRESOS
3200000.00
250000
350000
550000
850000
1140000
1200000
1300000
1600000
1800000
2300000

18%
FLUJO
0
1
2
3

3200000.00
550000.00
650000.00
760000.00

4
5
6
7
8

810000.00
900000.00
950000.00
1050000.00
1300000.00
VPN

TASA

14%

NPR

FLUJO
0
1
2
3
4
5
6
7
8

3200000.00
550000.00
650000.00
760000.00
810000.00
900000.00
950000.00
1050000.00
1300000.00
VPN

TASA

17%

NPR

FLUJO
0
1
2
3
4
5
6
7
8

3200000.00
550000.00
650000.00
760000.00
810000.00
900000.00
950000.00
1050000.00
1300000.00
VPN

TASA
NPR

15%
FLUJO
0
1
2
3

3200000.00
550000.00
650000.00
760000.00

4
5
6
7
8

810000.00
900000.00
950000.00
1050000.00
1300000.00
VPN

TASA
NPR

20%
FLUJO
0
1
2
3
4
5
6
7
8

3200000.00
550000.00
650000.00
760000.00
810000.00
900000.00
950000.00
1050000.00
1300000.00
VPN

EJERCICIO 1
PRESENTE
TASA
PAGO MEN.
NPR

$ 100,000,000.00
20% ANUAL
$ 2,559,588.10
5 AOS

NPR
0
1

DEUDA
PAGO
$ 100,000,000.00
$ 101,530,947.05

1.5309%
60
DEUDA TOTAL
$ 100,000,000.00
$ 2,559,588.10 $ 98,971,358.95

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
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

$ 100,486,558.05
$ 99,426,180.00
$ 98,349,568.13
$ 97,256,473.91
$ 96,146,644.98
$ 95,019,825.17
$ 93,875,754.34
$ 92,714,168.39
$ 91,534,799.18
$ 90,337,374.44
$ 89,121,617.77
$ 87,887,248.51
$ 86,633,981.71
$ 85,361,528.06
$ 84,069,593.81
$ 82,757,880.74
$ 81,426,086.03
$ 80,073,902.25
$ 78,701,017.26
$ 77,307,114.12
$ 75,891,871.06
$ 74,454,961.38
$ 72,996,053.38
$ 71,514,810.26
$ 70,010,890.10
$ 68,483,945.72
$ 66,933,624.62
$ 65,359,568.94
$ 63,761,415.29
$ 62,138,794.75
$ 60,491,332.76
$ 58,818,648.99
$ 57,120,357.33
$ 55,396,065.71
$ 53,645,376.10
$ 51,867,884.37
$ 50,063,180.17
$ 48,230,846.91
$ 46,370,461.60
$ 44,481,594.77
$ 42,563,810.40
$ 40,616,665.76
$ 38,639,711.36
$ 36,632,490.84
$ 34,594,540.84
$ 32,525,390.90
$ 30,424,563.38
$ 28,291,573.29

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

97,926,969.95
96,866,591.90
95,789,980.03
94,696,885.80
93,587,056.88
92,460,237.07
91,316,166.24
90,154,580.29
88,975,211.07
87,777,786.34
86,562,029.67
85,327,660.41
84,074,393.61
82,801,939.95
81,510,005.71
80,198,292.64
78,866,497.93
77,514,314.15
76,141,429.16
74,747,526.02
73,332,282.96
71,895,373.28
70,436,465.28
68,955,222.16
67,451,302.00
65,924,357.62
64,374,036.52
62,799,980.83
61,201,827.19
59,579,206.65
57,931,744.66
56,259,060.89
54,560,769.22
52,836,477.61
51,085,788.00
49,308,296.27
47,503,592.07
45,671,258.81
43,810,873.50
41,922,006.67
40,004,222.30
38,057,077.65
36,080,123.26
34,072,902.74
32,034,952.74
29,965,802.80
27,864,975.27
25,731,985.19

50
51
52
53
54
55
56
57
58
59
60

PRESENTE
TASA
PAGO M.
TASA
NPR

$
$
$
$
$
$
$
$

26,125,928.26
23,927,128.35
21,694,665.97
19,428,025.78
17,126,684.53
14,790,110.96
12,417,765.69
10,009,101.06
$ 7,563,561.06
$ 5,080,581.13
$ 2,559,588.10

68,955,222.16
18% ANUAL
1719909.06
59 MESES
DEUDA
PAGO
0
68,955,222.16
1
69,912,901.96
2
69,140,086.54
3
68,356,537.92
4
67,562,107.04
5
66,756,642.76
6
65,939,991.85
7
65,111,998.95
8
64,272,506.51
9
63,421,354.85
10
62,558,382.03
11
61,683,423.86
12
60,796,313.91
13
59,896,883.38
14
58,984,961.18
15
58,060,373.81
16
57,122,945.38
17
56,172,497.53
18
55,208,849.46
19
54,231,817.83
20
53,241,216.76
21
52,236,857.79
22
51,218,549.86
23
50,186,099.23
24
49,139,309.48
25
48,077,981.46
26
47,001,913.27
27
45,910,900.17
28
44,804,734.62

$
$
$
$
$
$
$
$
$
$
$

2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10
2,559,588.10

$
$
$
$
$
$

23,566,340.16
21,367,540.24
19,135,077.87
16,868,437.68
14,567,096.43
12,230,522.86
$ 9,858,177.58
$ 7,449,512.96
$ 5,003,972.96
$ 2,520,993.03
$ 0.00

1.39%

DEUDA TOTAL
0
68,955,222.16
1719909.06
68,192,992.90
1719909.06
67,420,177.48
1719909.06
66,636,628.86
1719909.06
65,842,197.98
1719909.06
65,036,733.71
1719909.06
64,220,082.80
1719909.06
63,392,089.89
1719909.06
62,552,597.46
1719909.06
61,701,445.79
1719909.06
60,838,472.97
1719909.06
59,963,514.81
1719909.06
59,076,404.85
1719909.06
58,176,974.33
1719909.06
57,265,052.13
1719909.06
56,340,464.76
1719909.06
55,403,036.32
1719909.06
54,452,588.48
1719909.06
53,488,940.40
1719909.06
52,511,908.77
1719909.06
51,521,307.70
1719909.06
50,516,948.74
1719909.06
49,498,640.81
1719909.06
48,466,190.17
1719909.06
47,419,400.42
1719909.06
46,358,072.41
1719909.06
45,282,004.21
1719909.06
44,190,991.12
1719909.06
43,084,825.56

29
30
31
32
33
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

43,683,206.16
42,546,101.43
41,393,204.11
40,224,294.84
39,039,151.27
37,837,547.91
36,619,256.16
35,384,044.26
34,131,677.20
32,861,916.73
31,574,521.27
30,269,245.92
28,945,842.34
27,604,058.76
26,243,639.92
24,864,326.99
23,465,857.57
22,047,965.60
20,610,381.34
19,152,831.30
17,675,038.17
16,176,720.81
14,657,594.18
13,117,369.26
11,555,753.03
9,972,448.41
8,367,154.17
6,739,564.92
5,089,371.00
3,416,258.48
1,719,909.06

1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06
1719909.06

41,963,297.10
40,826,192.38
39,673,295.05
38,504,385.79
37,319,242.21
36,117,638.85
34,899,347.11
33,664,135.20
32,411,768.14
31,142,007.67
29,854,612.22
28,549,336.86
27,225,933.28
25,884,149.71
24,523,730.86
23,144,417.93
21,745,948.51
20,328,056.55
18,890,472.29
17,432,922.24
15,955,129.11
14,456,811.75
12,937,685.12
11,397,460.20
9,835,843.98
8,252,539.35
6,647,245.12
5,019,655.86
3,369,461.94
1,696,349.43
0.00

TIR

VPN
-$ 3,200,000.00
$ 533,898.31
$ 488,365.41
$ 462,559.46
$ 417,788.99
$ 393,398.29
$ 351,909.96
$ 329,621.28
$ 345,849.61
$ 338,184.11
$ 343,916.04
VPN TOTAL

24%

-$ 3,200,000.00
$ 630,000.00
$ 680,000.00
$ 760,000.00
$ 810,000.00
$ 900,000.00
$ 950,000.00
$ 1,050,000.00
$ 1,300,000.00
$ 1,500,000.00
$ 1,800,000.00

$ 805,491.47

VPN

TIR

22%

VPN
3200000.00
250000
350000
550000
850000
1140000
1200000
1300000
1600000
1800000
2300000

211,864.41
251,364.55
334,746.98
438,420.54
498,304.51
444,517.85
408,102.54
425,661.06
405,820.93
439,448.27
VPN TOTAL

658251.64

VP
3200000.00
466101.69
466,819.88
462,559.46

TIR

18.30%

417,788.99
393,398.29
351,909.96
329,621.28
345,849.61
34049.18

VPN

TASA
VPN
3200000.00
482,456.14
500,153.89
512,978.35
479,585.02
467,431.80
432,807.22
419,619.19
455,726.77

NPR

16%

FLUJO
0
3200000.00
1
550000.00
2
650000.00
3
760000.00
4
810000.00
5
900000.00
6
950000.00
7
1050000.00
8
1300000.00

550758.39

VPN

TASA
VPN
3200000.00
470,085.47
474,833.81
474,521.62
432,256.54
410,500.04
370,346.66
349,855.15
370,217.09

NPR

18%
FLUJO
0
3200000.00
1
550000.00
2
650000.00
3
760000.00
4
810000.00
5
900000.00
6
950000.00
7
1050000.00
8
1300000.00

152616.37

VPN
3200000.00
478,260.87
491,493.38
499,712.34

TASA
NPR

19%
FLUJO
0
3200000.00
1
550000.00
2
650000.00
3
760000.00

463,120.13
447,459.06
410,711.22
394,733.89
424,972.31

4
5
6
7
8

810000.00
900000.00
950000.00
1050000.00
1300000.00

410463.19

VPN

VPN
3200000.00
458,333.33
451,388.89
439,814.81
390,625.00
361,689.81
318,153.08
293,035.73
302,338.45

TASA

600000.00

184,620.89

500000.00

VPN
14%
15%
16%
17%
18%
19%
20%

550758.39
410463.19
277925.39
152616.37
34049.18
78225.14
184620.89

400000.00
300000.00
200000.00
100000.00
0.00
14%
100000.00
200000.00
300000.00

mesual
MESES

15%

16%

17%

MENSUAL

-$ 3,200,000.00
$ 509,747.01
$ 445,181.59
$ 402,583.54
$ 347,169.52
$ 312,113.98
$ 266,568.27
$ 238,390.14
$ 238,812.19
$ 222,955.68
$ 216,478.08
0.00

205,176.22
235,744.77
304,035.11
385,626.60
424,463.09
366,693.61
326,026.17
329,318.48
304,057.45
318,858.50
VPN

0.0

t
VP(TIR)
3200000.00
464,929.20
464,474.22
459,077.48

413,600.96
388,475.08
346,631.79
323,860.67
338,950.59
0.00

VPN
3200000.00
474,137.93
483,055.89
486,899.83
447,355.79
428,501.71
389,920.14
371,521.01
396,533.09
277925.39

VPN
3200000.00
466,101.69
466,819.88
462,559.46
417,788.99
393,398.29
351,909.96
329,621.28
345,849.61
VPN

34049.18

VPN
3200000.00
462,184.87
459,007.13
450,996.02

403,921.69
377,144.43
334,535.21
310,713.82
323,271.68
78225.14

16%

17%

18%

19%

20%