Inversión -$15,000

COK 12% i
V. Residual $0

Caso A Caso B Caso C Caso D

FCN FCN FCN FCN
-$15,000 -$15,000 -$15,000 -$15,000
$10,000 $5,000 $15,000 $10,000
$10,000 $10,000 $10,000 $10,000
$10,000 $15,000 $5,000 $11,000
VAN VAN VAN VAN
$9,018.31 $8,112.93 $9,923.70 $9,730.09

Caso A Caso C
FSA FCN
Año FCN Año FCN
(1 + i)-n actualizado
0 -$15,000 1.000000 -$15,000.00 0 -$15,000
1 $10,000 0.892857 $8,928.57 1 $15,000
2 $10,000 0.797194 $7,971.94 2 $10,000
3 $10,000 0.711780 $7,117.80 3 $5,000
FCNK*FSA $9,018.31

VAN

Caso B Caso D
FSA FCN
Año FCN Año FCN
(1 + i)-n actualizado
0 -$15,000 1.000000 -$15,000.00 0 -$15,000
1 $5,000 0.892857 $4,464.29 1 $10,000
2 $10,000 0.797194 $7,971.94 2 $10,000
3 $15,000 0.711780 $10,676.70 3 $11,000
FCNK*FSA $8,112.93

VAN
 FSA FCN
(1 + i)-n actualizado
1.000000 -$15,000.00
0.892857 $13,392.86
0.797194 $7,971.94
0.711780 $3,558.90
FCNK*FSA $9,923.70

VAN

FSA FCN
(1 + i)-n actualizado
1.000000 -$15,000.00
0.892857 $8,928.57
0.797194 $7,971.94
0.711780 $7,829.58
FCNK*FSA $9,730.09

VAN
Inversión -$5,000 FCN idénticos -
COK 10% i
FAS10%,4
V. Residual $0
FCN iguales $2,000
n 4
VAN=¿????

FCNK*FSA 0 1 2
FSA
Año FCN FCN actualizado
(1 + i)-n $ 5000
0 -$5,000 1.000000 -$5,000.00
1 $2,000 0.909091 $1,818.18
2 $2,000 0.826446 $1,652.89 FAS
3 $2,000 0.751315 $1,502.63
1  1 i  n 
4 $2,000 0.683013 $1,366.03  
$1,339.73  i 

VAN

$1,339.73
VAN   I o  FCN * F
-I0 + FCN*FASi,n
 FCN idénticos - Ejercicio 1

FAS10%,4 COK=10%

FCN=$ 2000

0 1 2 3 4

000

FAS FSA

3.169865 (1+i)-n 0.683013

  I o  FCN * FAS i ,n  VS * FSAi , n

Inversión -$15,000 FCN idénticos - Ej
COK 12% i
V. Residual $2,000
FCN iguales $10,000
n 5
FCN=S/10000
VAN = ¿???

0 3
FCNK*FSA 1 2

FSA
Año FCN FCN actualizado
(1 + i)-n
15 000
0 -$15,000 1.000000 -$15,000.00
1 $10,000 0.892857 $8,928.57
2 $10,000 0.797194 $7,971.94 FAS
3 $10,000 0.711780 $7,117.80
1   1  i  n 
4 $10,000 0.635518 $6,355.18   3.604776
5 $12,000 0.567427 $6,809.12  i 
$22,182.62

VAN VAN   I o  FCN * F

$22,182.62
-I0 + FCN*FASAi,n + VS*FSAi,n
 FCN idénticos - Ejercicio 2

Valor de VA 6809.12 6809.12 1

Salvamento
2000 i 12% 2
n 5 3
FCN=S/10000 VF 12000.00 4
FSA 0.567426856 5
2 3 4 5
años

FCN(5) = VF(5) = 6809.12

Demostración de como el FCN(5) actualizado genera un
FCN(5)
FSA

(1+i)-n 0.567427

 FCN * FAS i ,n  VS * FSAi ,n

 7626.22
8541.36
9566.33
10714.29
12000.00

6809.12
5) actualizado genera un
Inversión -$8,000 FCN idénticos - Ej
COK 10% i
V. Residual $2,000 FCN= $
FCN iguales $3,000
n 5
0
1 2 3

FCNK*FSA
FSA
Año FCN FCN actualizado
(1 + i)-n
I=8000
0 -$8,000 1.000000 -$8,000.00
1 $3,000 0.909091 $2,727.27
2 $3,000 0.826446 $2,479.34 FAS
3 $3,000 0.751315 $2,253.94
1   1  i  n 
4 $3,000 0.683013 $2,049.04   3.790787
5 $5,000 0.620921 $3,104.61  i 
$4,614.20

VAN VAN   I o  FCN * F

$4,614.20
-I0 + FCN*FASAi,n + VS*FSAi,n
 FCN idénticos - Ejercicio 3
VS=$ 2000
FCN= $3000

1 2 3 4 5 años

FSA

(1+i)-n 0.620921

 FCN * FAS i ,n  VS * FSAi ,n

Inversión -$20,000 FCN diferentes - Ejercicio 4
COK 12% i VS=6000

V. Residual $6,000
10000
FCN diferentes
4 9000
n
8000
6500

FCNK*FSA
0
1 2 3 4 años
FSA
Año FCN FCN actualizado
(1 + i)-n
I=20000
0 -$20,000 1.000000 -$20,000.00
1 $6,500 0.892857 $5,803.57
2 $8,000 0.797194 $6,377.55
3 $9,000 0.711780 $6,406.02
4 $16,000 0.635518 $10,168.29
$8,755.43

VAN

$8,755.43
entes - Ejercicio 4
VS=6000

10000

9000

2 3 4 años
Inversión -$30,000
COK 10% i
V. Residual $6,000
FCN diferentes
n 4
g 10%

FCNK*FSA
FSA
Año FCN FCN actualizado
(1 + i)-n
0 -$30,000 1.000000 -$30,000.00
1 $10,000 0.909091 $9,090.91
2 $11,000 0.826446 $9,090.91
3 $12,100 0.751315 $9,090.91
4 $19,310 0.683013 $13,188.99
$10,461.72

Ratio 0.3487 VAN

$10,461.72
Inversión -$80,000
COK 12% i
V. Residual $15,000
FCN diferentes
n 4
g 14%

FCNK*FSA
FSA
Año FCN FCN actualizado
(1 + i)-n
0 -$80,000 1.000000 -$80,000.00
1 $20,000 0.892857 $17,857.14
2 $22,800 0.797194 $18,176.02
3 $25,992 0.711780 $18,500.59
4 $44,631 0.635518 $28,363.73
$2,897.49

Ratio 0.0362 VAN

$2,897.49
Inversión -$7,000
COK 12% i
V. Residual $1,400
FCN diferentes
n 4

FCNK*FSA
FSA
Año FCN FCN actualizado
(1 + i)-n
0 -$7,000 1.000000 -$7,000.00
1 $2,000 0.892857 $1,785.71
2 $3,500 0.797194 $2,790.18
3 $4,400 0.711780 $3,131.83
$707.73

Ratio 0.1011 VAN

$707.73