1.- Hallar el valor equivalente del siguiente flujo de efectivo en los años: 0, 6, 13.

Estrategia: Primero todo el flujo a valor presente y luego los otros cálculos.

Datos
Vp(0) Ve(0) $-3,370.18 Solución
Vp(6) Ve(6) $-7,795.44 n
Vp(13) Ve(13) $-20,736.03 0
1
Taza 15% 2
3
4
5
6
7
8
9
10
11
12
13
3.

Solución
flujo efectivo Vp(0)
$ - $0.00
$ - $0.00
$ - $0.00
$ 1,000 $-657.52
$ 1,000 $-571.75
$ 1,000 $-497.18
$ - $0.00
$ - $0.00
$ - $0.00
$ 1,500 $-426.39
$ 1,500 $-370.78
$ 1,500 $-322.41
$ 1,500 $-280.36
$ 1,500 $-243.79

Vp(0) $-3,370.18
 2.- Hallar el valor de P en los años propuestos y que responde al flujo de la figura, i=15 %:
A=$ 850

Datos
Tasa Intes 15% Año
A 850 0
1
2
3
4
5
6
7

Datos
Vp(0) Ve(0) $2,154.50
Vp(2) Ve(2) $2,849.33 $2,849.33
Vp(5) Ve(5) $4,333.48
Vp(7) Ve(7) $5,731.02

Vp(2) $-2,849.33
flujo de la figura, i=15 %:

Valor Presente= P ($) Vp(0)

$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$850.00 $558.89
$850.00 $485.99
$850.00 $422.60
$850.00 $367.48
$850.00 $319.55
Vp(0) $2,154.50

Se utiliza cuando el valor de prestamos son continuos y iguales

 3.- Calcule el valor presente (Año 0) de la siguiente serie de ingresos y gastos
(flujo de caja), si la tasa de interés es del 8 % anual.

Datos
A Ingreso Gasto tasa Año Ingreso
0 12000 1000 8% 0 $12,000
1 $800
2 $800
3 $800
4 $800
5 $800
6 $800
7 $900
8 $900
9 $900
10 $900
11 $900
Egreso Flujo Efectivo Vp(0)
$-1,000 $11,000.00 $11,000.00
$-100 $700.00 $648.15
$-100 $700.00 $600.14
$-100 $700.00 $555.68
$-100 $700.00 $514.52
$-100 $700.00 $476.41
$-100 $700.00 $441.12
$-200 $700.00 $408.44
$-200 $700.00 $378.19
$-200 $700.00 $350.17
$-200 $700.00 $324.24
$-200 $700.00 $300.22

Vp(0) = $15,997.27
 4.- Calcule el valor de x en el flujo de efectivo, de forma que el valor mensual
equivalente en el mes 4 sea $9000, utilizando una tasa de interés del 1,5 %
mensual.

mes Ve tasa Solu

0 $8,480 1.50% n
4 $ 9,000 0
1
x = 1508.47369 2
3
4
5
6
7
8
9
10
11
 Solución
flujo efectivo Vp(0)
$ 200 $200.00
$ 200 $197.04
$ 600 $582.40
$ 200 $191.26
$ 200 $188.44
$ 1,508 $1,400.26
$ 1,508 $1,379.56
$ 1,508 $1,359.18
$ 1,508 $1,339.09
$ 900 $787.13
$ 500 $430.83
$ 500 $424.47

VPN(0) $8,480
Año Ingreso Gasto Flujo de efectivo Vp
0 $0.00 $9,000.00
1 $6,000.00 $2,000.00
2 $6,000.00 $2,000.00
3 $6,000.00 $2,000.00
4 $6,000.00 $2,000.00
5 $6,000.00 $2,000.00
6 $6,000.00 $3,000.00
7 $6,000.00 $3,000.00
8 $6,000.00 $3,000.00
9 $8,000.00 $5,000.00
10 $8,000.00 $5,000.00
11 $8,000.00 $5,000.00
12 $8,000.00 $5,000.00
13 $8,000.00 $5,000.00
14 $8,000.00 $5,000.00
Año
-$9,000.00 -$9,000.00 0
$4,000.00 $3,703.70
$4,000.00 $3,429.36 VPN(0)
$4,000.00 $3,175.33
$4,000.00 $2,940.12
$4,000.00 $2,722.33
$3,000.00 $1,890.51
$3,000.00 $1,750.47
$3,000.00 $1,620.81
$3,000.00 $1,500.75
$3,000.00 $1,389.58
$3,000.00 $1,286.65
$3,000.00 $1,191.34
$3,000.00 $1,103.09
$3,000.00 $1,021.38
$19,725.42
Ingreso Egreso tasa
0 $9,000.00 8%

$19,725.42
Datos
i 8% Solución
Vf $12,000.00 n Flujo Efectivo Vp(0)
n 18 0 $0.00 $0.00
1 $0.00 $0.00
2 $0.00 $0.00
3 $0.00 $0.00
4 $818.30 $601.47
5 $818.30 $556.92
6 $818.30 $515.67
7 $818.30 $477.47
8 $818.30 $442.10
9 $818.30 $409.35
10 $0.00 $0.00
11 $0.00 $0.00
12 $0.00 $0.00
13 $0.00 $0.00
14 $0.00 $0.00
15 $0.00 $0.00
16 $0.00 $0.00
17 $0.00 $0.00
18 $0.00 $0.00
$3,002.99
 X $818.30

VPN(0) $3,002.99
VPN(18) $12,000.00
Datos Solución
i 1.5% n Flujo de efectivo Vp(0)
0 $200.00 $200.00
1 $200.00 $197.04
2 $600.00 $582.40
3 $200.00 $191.26
4 $200.00 $188.44
5 $3,843.48 $3,567.75
6 $3,843.48 $3,515.02
7 $3,843.48 $3,463.08
8 $3,843.48 $3,411.90
9 $900.00 $787.13
10 $500.00 $430.83
11 $500.00 $424.47
VPN(0) $16,959.32
x 3843.47676

n VPN
0 $16,959.32
4 $18,000.00
Datos Solución
i 14% n Ingresos Egresos Flujo de efectivo
0 $800.00 $0.00 $800.00
1 $0.00 $0.00 $0.00
2 $0.00 -$500.00 -$500.00
3 $1,000.00 $0.00 $1,000.00
4 $1,000.00 $0.00 $1,000.00
5 $0.00 -$0.01 -$0.01
6 $1,200.00 $0.00 $1,200.00
7 $1,200.00 $0.00 $1,200.00
8 $0.00 -$0.02 -$0.02
9 $0.00 $0.00 $0.00
10 $0.03 $0.00 $0.03
VPN(0) $4,700.00
VPN(0) cero
x 0.01

n VPN
0 $4,700.00
Datos Solución
i 0.13 n Ingreso Egresos Flujo de efectivo
0 $22,000.00 $0.00 $22,000.00
1 $0.00 $0.00 $0.00
2 $0.00 -$1,166.67 -$1,166.67
3 $1,000.00 $0.00 $1,000.00
4 $1,000.00 $0.00 $1,000.00
5 $1,000.00 $0.00 $1,000.00
6 $1,000.00 $0.00 $1,000.00
7 $1,000.00 $0.00 $1,000.00
8 $1,000.00 $0.00 $1,000.00
9 $1,000.00 $0.00 $1,000.00
10 $0.00 $0.00 $0.00
11 -$5,833.33 $0.00 -$5,833.33
VPN(0) $22,000.00
x -1166.66667

VPN(0) $22,000.00
Datos Solución
i 0.16 n Ingresos Egresos