Inversión 5,000.

00 = Io Año 0

Tasa = k = 4.60% Flujo - 5,000.00

VAN = -5,000.00 +

VAN = -5,000.00 +

VAN = -5,000.00 +

VAN = 1,600.74
 1 2 3 4

1,000.00 2,000.00 1,500.00 3,000.00 2,500.00

1,000.00 + 2,000.00 + 1,500.00 + 3,000.00

( 1 + K)^1 ( 1 + K)^2 ( 1 + K)^3 ( 1 + K)^4

1,000.00 + 2,000.00 + 1,500.00 + 3,000.00

1.0460 1.0941 1.1444 1.1971

956.02 + 1,827.96 + 1,310.68 + 2,506.08

CRONOGRAMAS DE PAGOS

Teoria: Interes
Anualidades
Amortizacion Francesa, Alemana y Americana
 Inversión 50,000.00 = Io Año 0

Tasa = k = 12.00% Flujo - 50,000.00

VAN = -50,000.00

VAN = -50,000.00

VAN = -50,000.00

Primer metodo-VAN VAN = 11,525.39

Tasa=TIR= 19.12% VAN = - 50,000.00

VAN = 0.00

Segundo metodo-TIR

TIR 19.12% TIR 19.12%

2do metodo CUADRO DE DATOS

TASA VAN
19.01% 157.97
19.02% 144.12
19.03% 130.28
19.04% 116.44
19.05% 102.61
19.06% 88.78
19.07% 74.96
19.08% 61.15
 19.09% 47.34
19.10% 33.54
19.11% 19.75
19.12% 5.96
19.13% - 7.83
19.14% - 21.61
19.15% - 35.38
19.16% - 49.15
19.17% - 62.91
19.18% - 76.66
19.19% - 90.41
19.20% - 104.15
19.21% - 117.89
19.22% - 131.62
19.23% - 145.35
19.24% - 159.07
19.25% - 172.78

Chart T
200.00

150.00

100.00

50.00

-
18.95% 19.00% 19.05% 19.10%

(50.00)

(100.00)

(150.00)

(200.00)

3ER METODO-PRI

Año 0

Flujo - 50,000.00

Flujo acumulado
 PR=A+(B-C)/D
A= 3
B= 50,000.00
C= 39000
D= 18,000.00
PR= 3.61 años

4to metodo-BENEFICIO - COSTO

Beneficio-costo = sumatoria de todos los flujos

inversion inicial

WACC
 1 2 3 4

10,500.00 13,500.00 15,000.00 18,000.00

+ 10,500.00 + 13,500.00 + 15,000.00 + 18,000.00

( 1 + K)^1 ( 1 + K)^2 ( 1 + K)^3 ( 1 + K)^4

+ 10,500.00 + 13,500.00 + 15,000.00 + 18,000.00

1.1200 1.2544 1.4049 1.5735

+ 9,375.00 + 10,762.12 + 10,676.70 + 11,439.33

+ 8,814.32 + 9,513.34 + 8,873.40 + 8,938.63

Io 1 2 3 4 5 6
- 50,000.00 8822.788 9,531.62 8,898.99 8,973.02 9,215.21 4,716.33
- 50,000.00 8822.04671 9,530.02 8,896.75 8,970.01 9,211.34 4,713.95
- 50,000.00 8821.30555 9,528.42 8,894.51 8,966.99 9,207.47 4,711.58
- 50,000.00 8820.56452 9,526.82 8,892.27 8,963.98 9,203.61 4,709.20
- 50,000.00 8819.8236 9,525.22 8,890.03 8,960.97 9,199.74 4,706.83
- 50,000.00 8819.08282 9,523.62 8,887.79 8,957.96 9,195.88 4,704.46
- 50,000.00 8818.34215 9,522.02 8,885.55 8,954.95 9,192.02 4,702.09
- 50,000.00 8817.60161 9,520.42 8,883.31 8,951.94 9,188.16 4,699.72
 - 50,000.00 8816.8612 9,518.82 8,881.07 8,948.93 9,184.30 4,697.35
- 50,000.00 8816.12091 9,517.22 8,878.83 8,945.93 9,180.45 4,694.99
- 50,000.00 8815.38074 9,515.63 8,876.60 8,942.93 9,176.59 4,692.62
- 50,000.00 8814.6407 9,514.03 8,874.36 8,939.92 9,172.74 4,690.26
- 50,000.00 8813.90078 9,512.43 8,872.13 8,936.92 9,168.89 4,687.90
- 50,000.00 8813.16099 9,510.83 8,869.89 8,933.92 9,165.05 4,685.54
- 50,000.00 8812.42132 9,509.24 8,867.66 8,930.92 9,161.20 4,683.18
- 50,000.00 8811.68177 9,507.64 8,865.43 8,927.92 9,157.36 4,680.82
- 50,000.00 8810.94235 9,506.05 8,863.20 8,924.93 9,153.52 4,678.46
- 50,000.00 8810.20305 9,504.45 8,860.97 8,921.93 9,149.68 4,676.11
- 50,000.00 8809.46388 9,502.86 8,858.74 8,918.94 9,145.84 4,673.75
- 50,000.00 8808.72483 9,501.26 8,856.51 8,915.95 9,142.00 4,671.40
- 50,000.00 8807.98591 9,499.67 8,854.28 8,912.96 9,138.17 4,669.05
- 50,000.00 8807.24711 9,498.07 8,852.05 8,909.97 9,134.34 4,666.70
- 50,000.00 8806.50843 9,496.48 8,849.82 8,906.98 9,130.51 4,664.35
- 50,000.00 8805.76988 9,494.89 8,847.60 8,903.99 9,126.68 4,662.01
- 50,000.00 8805.03145 9,493.30 8,845.37 8,901.00 9,122.85 4,659.66

Chart Title

19.05% 19.10% 19.15% 19.20% 19.25% 19.30%

1 2 3 4

10,500.00 13,500.00 15,000.00 18,000.00

10,500.00 24,000.00 39,000.00 57,000.00

 Beneficio costo < 1 No satisface la inversion inicial
= 61,525.39 = 1.2305 Beneficio costo > 1 A cubierto en exeso la invercion
50,000.00
 5 6

22,000.00 13,400.00

+ 22,000.00 + 13,400.00
( 1 + K)^4 ( 1 + K)^4

¡Que significa dividir?

+ 22,000.00 + 13,400.00 lo que se busca esque cada flujo se combierta en valor pres
1.7623 1.9738

+ 12483.3908 + 6788.85702

+ 9,171.08 + 4,689.24
 5 6

22,000.00 13,400.00 EJEMPLO

Cuando un inversionista no le interesa el valor futuro, si no que al finaliza
79,000.00 92,400.00 este metodo es muy subjetivo, ya que no se puede llegar a un acuerdo cu
o satisface la inversion inicial
cubierto en exeso la invercion inicial
flujo se combierta en valor presente
valor futuro, si no que al finalizar el periodo reciba su capital
se puede llegar a un acuerdo cumun entre los inversionistas (es muy variable)