100

100 1000
100
100

S/316.99

2013 1
2014 1.05
2015 1.12
2016 1.2
2017 1.29
2018 1.4

D18= 1.4
D13= 1
D18/D13= 1.4
g= 0.06961038
PO= 17.4151828
1.49745453

g1=

0.06421486
0.00973148
0.02266115
0.05762132
g1 25% para 4 años AÑO
g2 5%
Ks 22%

Do (1+gt)^t Dt (1+ks)^t VP
1 0.75 1.25 0.9375 1.22 0.768442623
2 0.75 1.5625 1.171875 1.4884 0.787338753
3 0.75 1.953125 1.46484375 1.815848 0.806699542
4 0.75 2.44140625 1.831054688 2.21533456 0.826536416
3.189017334
D= 1.922607422

P= 11.30945542
VP= 5.105077864

VP TOTAL= 8.29
g1 40% para dos años
g2 3%
Ks 12%

Do (1+gt)^t Dt (1+ks)^t VP
1 1 1 1 1.12 0.892857143
2 1 1 1 1.2544 0.797193878
3 1 1 1 1.404928 0.711780248
4 1 1.4 1.4 1.57351936 0.88972531
5 1 1.96 1.96 1.762341683 1.112156637
4.403713215

D= 2.0188

P= 22.43111111
VP= 12.72801485

VP TOTAL= 17.13
a)
Do 1.80
g 0%
Ks 12%

D1= 1.8
P= 15

b)
Do 1.80
g 5%
Ks 12%

D1= 1.89
P= 27

c)
Do 1.80
g1 5% 3 años http://repositorio.utmachala.edu.ec/bitstream/48000/9246/1/ECUA
g2 4%
Ks 12%

Do (1+gt)^t Dt (1+ks)^t VP
1 1.8 1.05 1.89 1.12 1.6875
2 1.8 1.1025 1.9845 1.2544 1.58203125
3 1.8 1.157625 2.083725 1.404928 1.483154297 4.752685547
Do (1+gt)^t Dt 1/(1+ks)^n VP
4 2.083725 1.04 2.167074 0.711780248 19.28100586
TOTAL 24.03
m/48000/9246/1/ECUACE-2016-CA-DE00300.pdf