0

-1000
-500
-500

A
B
A-B
TMAR
VA
VAFE
VAN
IR

TIR
VA
VAFE
VAN
IR

1
1000
500
500

2
500
400
100

10%
($ 1,000.00)
$ 1,322.31
$ 322.31
1.32231405

$ 909.09
$ 1,322.31

B
37%

($ 500.00)
$ 785.12
$ 285.12
1.57024793

52%
$ 454.55
$ 785.12

A
TASA

$ 413.22

$ 330.58

B
VAN

0%
3%
6%
9%
10%
12%
15%
17.08%
18%
21%
24%
27%
30%
33%
36%
36.60%
39%
42%
45%
48%
51%
52.47%
54%
57%
60%

$
$
$
$
$
$
$
$
$
$
$

500.00
442.17
388.39
338.27
322.31
291.45
247.64
218.85
206.55
167.95
131.63
$ 97.40
$ 65.09
$ 34.54
$ 5.62
$ 0.00
($ 21.79)
($ 47.81)
($ 72.53)
($ 96.06)
($ 118.46)
($ 129.05)
($ 139.82)
($ 160.21)
($ 179.69)

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

400.00
362.48
327.70
295.39
285.12
265.31
237.24
218.85
211.00
186.43
163.37
141.70
121.30
102.07
$ 83.91
$ 80.38
$ 66.74
$ 50.49
$ 35.08
$ 20.45
$ 6.56
$ 0.00
($ 6.66)
($ 19.25)
($ 31.25)

17.08%

0
-450000
-200000
-250000

A
B
A-B
TMAR

VAFE
VAN
TIR
TIR incremental
IR

1
160000
80000
80000

15%
NP-30
$ 536,344.82
$ 86,344.82
22.85%

NX-20
$ 347,826.34
$ 147,826.34
40.09%

A-B

1.74%
1.19
TASA
0%
1.74%
3%
6%
9%
12%
15%
18%
21%
22.85%
24%
27%
30%
33%

1.74
VAN A
$ 350,000.00
$ 309,929.74
$ 282,753.15
$ 223,978.21
$ 172,344.20
$ 126,764.19
$ 86,344.82
$ 50,347.36
$ 18,157.49
$ 0.00
($ 10,738.49)
($ 36,772.37)
($ 60,308.84)
($ 81,657.39)

VAN B
$ 339,391.00
$ 309,929.74
$ 290,010.02
$ 247,114.24
$ 209,659.21
$ 176,795.18
$ 147,826.34
$ 122,179.52
$ 99,379.84
$ 86,579.85
$ 79,031.72
$ 60,803.93
$ 44,417.75
$ 29,637.54

36%
39%
40.09%
42%
45%
48%
51%
54%
57%
60%

A
TER
B
TER

($
($
($
($
($
($
($
($
($
($

101,081.85)
118,808.06)
124,852.46)
135,030.15)
149,915.63)
163,609.59)
176,238.15)
187,911.30)
198,725.30)
208,764.65)

$ 16,263.20
$ 4,124.08
$ 0.00
($ 6,925.96)
($ 17,012.53)
($ 26,244.05)
($ 34,714.37)
($ 42,505.07)
($ 49,687.26)
($ 56,323.15)

0
-450000
-450000
19.11%

1
160000
$ 279,841.00
19.11%

2
160000
$ 243,340.00

-200000
-200000
28.46%

80000
$ 139,920.50
28.46%

92000
$ 139,920.50

2
160000
92000
68000

3
160000
105800
54200

4
160000
121670
38330

5
160000
139921
20079

$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
0%

10%

20%

30%

40%

50%

60%

$200,000.00
$100,000.00
$0.00
0%

10%

20%

30%

40%

50%

($100,000.00)
($200,000.00)
($300,000.00)

3
160000
$ 211,600.00

4
160000
$ 184,000.00

5
160000
$ 160,000.00

$ 1,078,781.00

105800
$ 139,920.50

121670
$ 139,920.50

139921
$ 139,921.00

$ 699,603.00

60%

VAN A
VAN B
60%

70%

VAN A
VAN B
60%

70%

1
-26000

2
13000

13000

TIR

0
20000
($ 23,636.36)
($ 3,636.36)
89.08%

1
-26000

2
13000

13000

TIR

0
20000
($ 24,761.90)
($ 4,761.90)
65.23%

1
-26000

2
13000

13000

TIR

0
20000
($ 22,608.70)
($ 2,608.70)
123.23%

0
-100
TASA

15%

VAFE
VAN
TIR
TER
IR
POP

$ 167.67
$ 67.67
40.78%
21.10%
1.68

1
20

2
40

0
-100

1
20

2
40

3
200

-100

-80

-40

160

Flujos no descontados (no se considera el valor de diner

2 AOS
200
2.4 meses
40
0.4
12 DIAS

0
-100

1
20

2
40

3
200

($ 100.00)
($ 100.00)

$ 17.39
$ 30.25
($ 82.61) ($ 52.36)

$ 131.50
$ 79.14

Flujos descontados (se considera el valor de dinero en e

2 AOS
$ 131.50
4.8 meses
52.36
0.8
23.3 DIAS

3
200

4
-90

5
150

4
-90

5
150

6
-80

l valor de dinero en le tiempo)

100%
20%

4
-90

5
150

6
-80

6
-80

($ 51.46) $ 74.58

de dinero en el tiempo)
100%
40%

($ 34.59)

tasa
VAFE
VAN
TIR MODIFICADO
TER (TIRM)
IR

0
-100

1
20

2
40

-100

20

40

15%
$ 167.67
$ 67.67
36.96%
25.35%
1.68

3
200
($ 78.26)
121.7391304

4
-90

5
150
($ 69.57)
0 80.43478261

6
-80
($ 34.59)

6
-80
0

0
-100
TASA

10%

VAFE
VAN
TIR
IR

$ 100.83
$ 0.83
3.82%
1.01

TASA
0%
2%
3.82%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%

1
230

2
-131

VAN
($ 1.00)
($ 0.42)
($ 0.00)
$ 0.04
$ 0.39
$ 0.65
$ 0.83
$ 0.92
$ 0.95
$ 0.92
$ 0.83
$ 0.69
$ 0.51
$ 0.29

VA
$1.50
$1.00
$0.50
$0.00
0%
($0.50)
($1.00)
($1.50)

3; ($0.00)
5%
10%

15%

26%
26.2%
28%
30%

$ 0.03
($ 0.00)
($ 0.27)
($ 0.59)

; ($0.00)
%
10%

VAN

VAN
15%

20%

25%

30%

35%

A
B

0
1
$ 88,687.82
($ 74,404.76) -83333.3333

A
B
C
C

2
111250
-10000

3
8900

3
8900

-10000
-10000
0 -83333.3333

111250

8900 Perpetuidades

33.50%
Aceptamos el proyecto porque e

petuidades

ptamos el proyecto porque el TIR es mayor que la TD

TD

12%
P.MILLONARIO
P.MULTIMILLONARIO

0
-1200
-7643.0098

VAFE
VAN
TIR
TER
IR

$ 2,833.73
$ 1,633.73
86%
49%
2.36

1
1360
8043.009796
$ 9,276.74
$ 1,633.73
30%
19%
1.213754796

2
960
1200

3
1200
1600