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Calculos y Eeff
PROYECCIONES FINANCIERAS
UNIDAD Gr
TAMAÑO DE
UNIDAD 250
VECES DE
DESVIACION
DEL PRECIO 1
CANTIDAD X PRECIO X
PRODUCTOS COMPETENCIA UNIDAD PRECIO UNIDAD
MAYONESA
MAYONESA MAGGI VIDRIO 220 1.6 0.007272727
MAYONESA MAGGI LIGHT VIDRIO 220 1.5 0.006818182
MAYONESA MAGGI SACHET 350 3.35 0.009571429
MAYONESA MAGGI SACHET 100 0.6 0.006
MAYONESA GUSTADINA SACHET 200 0.95 0.00475
MAYONESA GUSTADINA SQUIZ 300 1.65 0.0055
MAYONESA GUSTADINA LIGHT SQUIZ 310 1.95 0.006290323
MAYONESA KRAFT VIDRIO 227 1.5 0.00660793
MAYONESA KRAFT VIDRIO 284 2.1 0.007394366
MAYONESA LOS ANDES FCO PLAST 330 1.8 0.005454545
S TOMATE GUSTADINA SQUIZ 360 1.3 0.003611111
S TOMATE GUSTADINA LIGHT SQUIZ 360 1.5 0.004166667
GUSTADINA GOLF SQUIZ 340 1.6 0.004705882
SALSA AJI INDIO BRAVO FCO PLAST (PRONACA) 100 0.65 0.0065
SALSA CESAR FCO PLAST (TERRAFERTIL) 320 3.5 0.0109375
MOSTAZA MAGGI VIDRIO 240 0.92 0.003833333
SALSA GUACAMOLE PACOSE SACHET 235 1.62 0.006893617
PRECIO X
GRAMO
promedio 0.006253389
varianza 3.70785E-06
Desviacion Estandar 0.001925577
PRECIO SUGERIDO
1.818181818
1.704545455
2.392857143
1.5
1.1875
1.375
1.572580645
1.651982379
1.848591549
1.363636364
0.902777778
1.041666667
1.176470588
1.625
2.734375
0.958333333
1.723404255
PRECIO A
250 GR
1.563347234
0.000926962
0.481394232
GERIDO
CAJA (24
Uni)
6000
49.20
39.36
35.42
12.48
22.94
CALCULO DE LA DEMANDA
unidades
consumo promedio 24 veces x mes
Consumo x porcion 14 gr
Veces consumo x frasco 18 veces
frascos necesario x mes 1.33 frascos
$180,000.00
$160,000.00
$140,000.00
$120,000.00
$100,000.00
$80,000.00
$60,000.00
$40,000.00
$20,000.00
$-
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Ventas Mensuales 3 Años
12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Sueldos y Salarios:
Comisión Mensual
Sueldo
Número de Nominal por Sueldo base +
Selecciona puesto: Mensual Sueldo Anual Total Nómina
puestos puesto (% comisiones
Nominal
de ventas)
Director general
Gerente de Ventas
PRESUPUESTO MERCADEO MENSUAL
Rubro Detalle COSTO UNI CANT/MES TOTAL MES
DIARIOS Fines de semana 1250 4 5000
REVISTAS hogar, fucsia, vanidades, otras 2800 2 5600
TELEVISION COMERCIALES programas de cocina y familiares 234 88 20592
TELEVISION MENCIONES programas de cocina y familiares 20000 1 20000
MATERIAL PUBLICITARIO Material POP 15000 1 15000
TOTAL MENSUAL DE PUBLICIDAD Y PROMOCION 66192
Gastos de instalación oficinas corporativas: ¿Necesitas hacer más gastos de instalación? OPCIONAL
Primer mes:
Terreno $ - $ - $ - $ -
Edificio $ - $ - $ - $ -
Comunicaciones $ - $ - $ - $ -
Mobiliario y enseres $ 250 $ - $ - $ -
Acondicionamiento (m²) $ - $ - $ - $ -
Equipos de computacion $ - $ - $ -
Otros $ 500 $ - $ - $ -
Total gastos de instalación $ 750 $ - $ - $ -
Si tus ingresos son por comisión, puedes saltarte esta hoja y pasar a Financiamiento.
Se asume constante para todos los periodos, productos, servicios y puntos de venta.
Inventarios:
###
5 días
10 días
15 días
20 días
25 días
30 días
35 días
40 días
45 días
50 días
55 días
60 días
65 días
70 días
75 días
80 días
85 días
90 días
95 días
100 días
105 días
110 días
115 días
120 días
125 días
130 días
135 días
140 días
145 días
Esta hoja describe tus fuentes de financiamiento:
TOTAL: $250,000
n 10% adicional.
AMORTIZACION DEUDA Corto Plazo
Importe del préstamo 0.00
Nro. de Cuotas 0
Comisión de Apertura 0.00
Comisión de Mínima 0.00
Tasa de interes 0%
T.E.M 0.00%
Tasa Cobrada 0.00%
Ingresos:
Nacional:
Ingresos por productos $71,508 $72,728 $73,970 $76,722 $79,577 $82,538 $86,441 $90,528
Total Ingresos $71,508 $72,728 $73,970 $76,722 $79,577 $82,538 $86,441 $90,528
Costo de Venta $26,452 $26,904 $27,363 $28,381 $29,437 $30,532 $31,976 $33,488
Utilidad Bruta $45,056 $45,825 $46,607 $48,341 $50,140 $52,006 $54,465 $57,040
Gastos operativos:
Gastos fijos $1,600 $1,611 $1,622 $1,634 $1,645 $1,657 $1,668 $1,680
Sueldos y salarios $3,260 $3,260 $3,260 $3,260 $3,260 $3,260 $3,260 $3,260
Comisiones $0 $0 $0 $0 $0 $0 $0 $0
Gastos de Promocion y Publicidad $66,192 $66,192 $66,192 $66,192 $66,192 $66,192 $66,192 $66,192
Otros Gastos $100 $100 $100 $100 $100 $100 $100 $100
Total gastos operativos $71,152 $71,163 $71,174 $71,186 $71,197 $71,209 $71,220 $71,232
NATUREZZO TONI
Balance General
Activo circulante
Caja y bancos $211,560 $177,322 $152,358 $128,736 $106,873 $86,807 $68,948 $53,600
Clientes $17,877 $18,182 $18,492 $19,181 $19,894 $20,635 $21,610 $22,632
Inventarios. $3,636 $3,698 $3,836 $3,979 $4,127 $4,322 $4,526 $4,740
Total activo circulante $233,073 $199,202 $174,686 $151,895 $130,894 $111,764 $95,085 $80,973
Activo Fijo
Terreno $0 $0 $0 $0 $0 $0 $0 $0
Edificio $0 $0 $0 $0 $0 $0 $0 $0
Comunicaciones $0 $0 $0 $0 $0 $0 $0 $0
Mobiliario y enseres $248 $246 $244 $242 $240 $238 $235 $233
Acondicionamiento (m²) $0 $0 $0 $0 $0 $0 $0 $0
Equipos de computacion $0 $0 $0 $0 $0 $0 $0 $0
Otros $496 $492 $488 $483 $479 $475 $471 $467
Depreciación acumulada: -$6 -$12 -$19 -$25 -$31 -$37 -$44 -$50
Total activo fijo $744 $738 $731 $725 $719 $713 $706 $700
Activo total $233,817 $199,940 $175,418 $152,621 $131,613 $112,477 $95,791 $81,673
Pasivo Circulante
Proveedores $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778
Créditos bancarios $0 $0 $0 $0 $0 $0 $0 $0
Total pasivo circulante $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778
Pasivo total $9,920 $1,387 $1,439 $1,492 $1,548 $1,621 $1,697 $1,778
Capital Contable
Capital social $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
Resultados de ejercicios anteriores $0 -$26,103 -$51,447 -$76,021 -$98,872 -$119,935 -$139,144 -$155,906
Resultado del ejercicio -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
Total Capital Contable $223,897 $198,553 $173,979 $151,128 $130,065 $110,856 $94,094 $79,895
Pasivo + Capital $233,817 $199,940 $175,418 $152,621 $131,613 $112,477 $95,791 $81,673
NATUREZZO TONI
Flujo de Efectivo
Utilidad neta -$26,103 -$25,345 -$24,574 -$22,851 -$21,063 -$19,209 -$16,762 -$14,199
+ depreciación y amortización -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
Generación bruta de efectivo -$26,096 -$25,338 -$24,567 -$22,845 -$21,057 -$19,203 -$16,756 -$14,192
Usos Operativos
Financiamiento a cuentas por cobrar -$17,877 -$305 -$310 -$688 -$714 -$740 -$976 -$1,022
Financiamiento a inventarios -$3,636 -$62 -$138 -$143 -$148 -$195 -$204 -$214
Total usos operativos -$21,513 -$367 -$448 -$831 -$862 -$935 -$1,180 -$1,236
Fuentes Operativas
Financiamiento (amort.) proveedores $9,920 -$8,533 $52 $54 $56 $73 $77 $80
Total fuentes operativas $9,920 -$8,533 $52 $54 $56 $73 $77 $80
Generación Neta Operativa -$37,690 -$34,238 -$24,964 -$23,622 -$21,863 -$20,065 -$17,859 -$15,348
Usos no operativos
Venta (inversión) en activos fijos -$750 $0 $0 $0 $0 $0 $0 $0
Venta (inversión) en activos diferidos $0 $0 $0 $0 $0 $0 $0 $0
Pago de dividendos $0 $0 $0 $0 $0 $0 $0 $0
Total de usos no operativos -$750 $0 $0 $0 $0 $0 $0 $0
Fuentes no operativas
Aportaciones (retiros) de capital $250,000 $0 $0 $0 $0 $0 $0 $0
Total fuentes no operativas $250,000 $0 $0 $0 $0 $0 $0 $0
Generación Neta de Flujo de Efectivo $211,560 -$34,238 -$24,964 -$23,622 -$21,863 -$20,065 -$17,859 -$15,348
Razones Financieras
Actividad
Ventas netas a activos fijos 9614.17% 9860.81% 10114.50% 10580.93% 11069.68% 11581.87% 12236.35% 12928.81%
Ventas netas a capital contable 31.94% 36.63% 42.52% 50.77% 61.18% 74.46% 91.87% 113.31%
Gastos a ventas netas 99.50% 97.85% 96.22% 92.78% 89.47% 86.27% 82.39% 78.69%
Costo de Ventas a ventas netas 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
Liquidez
Activo circulante a pasivo a corto plazo 2349.64% 14362.76% 12143.29% 10180.17% 8457.90% 6895.76% 5601.82% 4555.05%
Activo total a pasivo total 2357.14% 14415.94% 12194.12% 10228.77% 8504.35% 6939.73% 5643.44% 4594.44%
Días clientes 15 15 15 15 15 15 15 15
Días proveedores 15 15 15 15 15 15 15 15
Apalancamiento
Pasivo total a capital contable 4.43% 0.70% 0.83% 0.99% 1.19% 1.46% 1.80% 2.22%
Productividad
Utilidad de operación a ventas netas -36.49% -34.84% -33.21% -29.78% -26.46% -23.27% -19.38% -15.68%
Utilidad neta a ventas netas -36.50% -34.85% -33.22% -29.78% -26.47% -23.27% -19.39% -15.68%
Crecimiento
En ventas netas N.A.
En utilidad de operación N.A.
En utilidad neta N.A.
Depreciación (%)
Terreno 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Edificio 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
Comunicaciones 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
Mobiliario y enseres 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
Acondicionamiento (m²) 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
Equipos de Computacion 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Otros 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
Inflación mensual 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AÑO 1
$94,808 $99,290 $103,985 $108,901 $1,040,995 $111,857 $114,892 $118,011 $120,025 $122,074 $124,158 $126,277
$94,808 $99,290 $103,985 $108,901 $1,040,995 $111,857 $114,892 $118,011 $120,025 $122,074 $124,158 $126,277
$35,071 $36,729 $38,466 $40,285 $385,084 $41,378 $42,501 $43,654 $44,399 $45,157 $45,928 $46,712
$59,737 $62,561 $65,519 $68,616 $655,912 $70,479 $72,392 $74,356 $75,625 $76,916 $78,229 $79,565
$1,692 $1,704 $1,716 $1,728 $19,957 $1,740 $1,752 $1,764 $1,776 $1,789 $1,801 $1,814
$3,260 $3,260 $3,260 $3,260 $39,120 $3,545 $3,545 $3,545 $3,545 $3,545 $3,545 $3,545
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$66,192 $66,192 $66,192 $66,192 $794,304 $52,954 $52,954 $52,954 $52,954 $52,954 $52,954 $52,954
$100 $100 $100 $100 $1,200 $100 $100 $100 $100 $100 $100 $100
$71,244 $71,256 $71,268 $71,280 $854,581 $58,338 $58,350 $58,362 $58,375 $58,387 $58,400 $58,412
-$11,507 -$8,695 -$5,749 -$2,663 -$198,669 $12,141 $14,041 $15,994 $17,251 $18,529 $19,830 $21,152
-$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6 -$6 -$6
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $12,135 $14,035 $15,988 $17,245 $18,523 $19,823 $21,146
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $12,135 $14,035 $15,988 $17,245 $18,523 $19,823 $21,146
$0 $0 $0 $0 $0 $3,034 $3,509 $3,997 $4,311 $4,631 $4,956 $5,287
$0 $0 $0 $0 $0 $1,820 $2,105 $2,398 $2,587 $2,778 $2,974 $3,172
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
-12.14% -8.76% -5.53% -2.45% -19.09% 6.51% 7.33% 8.13% 8.62% 9.10% 9.58% 10.05%
$40,883 $30,921 $23,845 $19,860 $19,860 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282 $86,379
$23,702 $24,823 $25,996 $27,225 $27,225 $27,964 $28,723 $29,503 $30,006 $30,518 $31,039 $31,569
$4,965 $5,199 $5,445 $5,593 $5,593 $5,745 $5,901 $6,001 $6,104 $6,208 $6,314 $6,422
$69,549 $60,943 $55,286 $52,678 $52,678 $60,022 $68,508 $78,145 $88,536 $99,695 $111,635 $124,369
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$231 $229 $227 $225 $225 $223 $221 $219 $217 $215 $213 $211
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$463 $459 $454 $450 $450 $446 $442 $438 $434 $429 $425 $421
-$56 -$62 -$68 -$75 -$75 -$81 -$87 -$93 -$100 -$106 -$112 -$118
$694 $688 $682 $675 $675 $669 $663 $657 $650 $644 $638 $632
$70,243 $61,630 $55,967 $53,354 $53,354 $60,691 $69,171 $78,801 $89,186 $100,339 $112,273 $125,001
$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1,862 $1,950 $2,042 $2,097 $2,097 $2,154 $2,213 $2,250 $2,289 $2,328 $2,368 $2,408
$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
-$170,105 -$181,618 -$190,319 -$196,074 -$196,074 -$198,744 -$191,463 -$183,042 -$173,449 -$163,103 -$151,989 -$140,095
-$11,514 -$8,701 -$5,755 -$2,669 -$2,669 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
$68,382 $59,681 $53,926 $51,256 $51,256 $58,537 $66,958 $76,551 $86,897 $98,011 $109,905 $122,593
$70,243 $61,630 $55,967 $53,354 $53,354 $60,691 $69,171 $78,801 $89,186 $100,339 $112,273 $125,001
-$11,514 -$8,701 -$5,755 -$2,669 -$198,744 $7,281 $8,421 $9,593 $10,347 $11,114 $11,894 $12,688
-$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6 -$6 -$6
-$11,507 -$8,695 -$5,749 -$2,663 -$198,669 $7,287 $8,427 $9,599 $10,353 $11,120 $11,900 $12,694
-$1,070 -$1,121 -$1,174 -$1,229 $0 -$739 -$759 -$780 -$504 -$512 -$521 -$530
-$224 -$235 -$246 -$148 $0 -$152 -$156 -$101 -$102 -$104 -$106 -$108
-$1,294 -$1,355 -$1,419 -$1,377 $0 -$891 -$915 -$880 -$606 -$616 -$627 -$638
$84 $88 $92 $55 $0 $57 $58 $38 $38 $39 $40 $40
$84 $88 $92 $55 $0 $57 $58 $38 $38 $39 $40 $40
-$12,717 -$9,962 -$7,076 -$3,985 -$198,669 $6,453 $7,571 $8,756 $9,785 $10,543 $11,313 $12,097
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 -$750 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 -$750 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $250,000 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $250,000 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $249,250 $0 $0 $0 $0 $0 $0 $0
-$12,717 -$9,962 -$7,076 -$3,985 $50,581 $6,453 $7,571 $8,756 $9,785 $10,543 $11,313 $12,097
$53,600 $40,883 $30,921 $23,845 $19,860 $19,860 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282
$40,883 $30,921 $23,845 $19,860 $70,441 $26,313 $33,884 $42,641 $52,426 $62,969 $74,282 $86,379
13661.54% 14436.96% 15257.64% 16126.31% 154153.01% 16718.09% 17333.09% 17972.29% 18454.03% 18950.41% 19461.97% 19989.23%
138.64% 166.37% 192.83% 212.46% 2030.96% 191.09% 171.59% 154.16% 138.12% 124.55% 112.97% 103.00%
75.15% 71.77% 68.54% 65.45% 82.09% 52.15% 50.79% 49.46% 48.64% 47.83% 47.04% 46.26%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
3735.82% 3125.72% 2707.58% 2511.70% 2511.70% 2786.24% 3096.13% 3472.37% 3868.08% 4282.52% 4714.93% 5164.61%
3773.09% 3161.00% 2740.96% 2543.90% 2543.90% 2817.30% 3126.09% 3501.55% 3896.50% 4310.19% 4741.87% 5190.84%
15 15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15 15
2.72% 3.27% 3.79% 4.09% 4.09% 3.68% 3.30% 2.94% 2.63% 2.38% 2.15% 1.96%
-12.14% -8.76% -5.53% -2.45% -19.08% 10.85% 12.22% 13.55% 14.37% 15.18% 15.97% 16.75%
-12.14% -8.76% -5.53% -2.45% -19.09% 6.51% 7.33% 8.13% 8.62% 9.10% 9.58% 10.05%
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$231 $229 $227 $225 $225 $223 $221 $219 $217 $215 $213 $211
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$463 $459 $454 $450 $450 $446 $442 $438 $434 $429 $425 $421
$694 $688 $682 $675 $675 $669 $663 $657 $650 $644 $638 $632
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $250 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $500 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $750 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$56.03 -$62.25 -$68.48 -$74.70 -$74.70 -$80.93 -$87.15 -$93.37 -$99.60 -$105.82 -$112.05 -$118.27
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AÑO 2
$128,433 $130,625 $132,855 $135,122 $137,429 $1,501,756 $139,775 $142,161 $144,588 $147,056 $149,566
$128,433 $130,625 $132,855 $135,122 $137,429 $1,501,756 $139,775 $142,161 $144,588 $147,056 $149,566
$47,510 $48,321 $49,145 $49,984 $50,838 $555,528 $51,705 $52,588 $53,486 $54,399 $55,327
$80,923 $82,304 $83,709 $85,138 $86,591 $946,229 $88,070 $89,573 $91,102 $92,657 $94,239
$1,827 $1,840 $1,852 $1,865 $1,878 $21,699 $1,892 $1,905 $1,918 $1,932 $1,945
$3,545 $3,545 $3,545 $3,545 $3,545 $42,536 $3,854 $3,854 $3,854 $3,854 $3,854
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$52,954 $52,954 $52,954 $52,954 $52,954 $635,443 $42,363 $42,363 $42,363 $42,363 $42,363
$100 $100 $100 $100 $100 $1,200 $100 $100 $100 $100 $100
$58,425 $58,438 $58,451 $58,464 $58,477 $700,878 $48,209 $48,222 $48,235 $48,249 $48,262
$22,498 $23,867 $25,259 $26,675 $28,115 $245,351 $39,861 $41,351 $42,867 $44,408 $45,977
-$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6
$22,492 $23,860 $25,252 $26,668 $28,109 $245,276 $39,855 $41,345 $42,861 $44,402 $45,970
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$22,492 $23,860 $25,252 $26,668 $28,109 $245,276 $39,855 $41,345 $42,861 $44,402 $45,970
$5,623 $5,965 $6,313 $6,667 $7,027 $61,319 $9,964 $10,336 $10,715 $11,101 $11,493
$3,374 $3,579 $3,788 $4,000 $4,216 $36,791 $5,978 $6,202 $6,429 $6,660 $6,896
$13,495 $14,316 $15,151 $16,001 $16,865 $147,166 $23,913 $24,807 $25,716 $26,641 $27,582
10.51% 10.96% 11.40% 11.84% 12.27% 9.80% 17.11% 17.45% 17.79% 18.12% 18.44%
$99,272 $112,977 $127,506 $142,875 $159,096 $159,096 $182,354 $206,495 $231,534 $257,486 $284,367
$32,108 $32,656 $33,214 $33,781 $34,357 $34,357 $34,944 $35,540 $36,147 $36,764 $37,391
$6,531 $6,643 $6,756 $6,871 $6,989 $6,989 $7,108 $7,229 $7,353 $7,478 $7,606
$137,912 $152,276 $167,476 $183,527 $200,442 $200,442 $224,406 $249,264 $275,033 $301,728 $329,364
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$209 $206 $204 $202 $200 $200 $198 $196 $194 $192 $190
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$417 $413 $409 $405 $400 $400 $396 $392 $388 $384 $380
-$124 -$131 -$137 -$143 -$149 -$149 -$156 -$162 -$168 -$174 -$181
$626 $619 $613 $607 $601 $601 $594 $588 $582 $576 $569
$138,537 $152,895 $168,089 $184,133 $201,043 $201,043 $225,000 $249,853 $275,615 $302,304 $329,934
$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,449 $2,491 $2,534 $2,577 $2,621 $2,621 $2,666 $2,711 $2,757 $2,804 $2,852
$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
-$127,407 -$113,912 -$99,596 -$84,444 -$68,443 -$68,443 -$51,578 -$27,665 -$2,858 $22,858 $49,499
$13,495 $14,316 $15,151 $16,001 $16,865 $16,865 $23,913 $24,807 $25,716 $26,641 $27,582
$136,088 $150,404 $165,556 $181,557 $198,422 $198,422 $222,335 $247,142 $272,858 $299,499 $327,081
$138,537 $152,895 $168,089 $184,133 $201,043 $201,043 $225,000 $249,853 $275,615 $302,304 $329,934
$13,495 $14,316 $15,151 $16,001 $16,865 $147,166 $23,913 $24,807 $25,716 $26,641 $27,582
-$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6 -$6 -$6
$13,501 $14,322 $15,158 $16,007 $16,871 $147,240 $23,919 $24,813 $25,723 $26,648 $27,588
-$539 -$548 -$557 -$567 -$577 $0 -$586 -$596 -$607 -$617 -$628
-$110 -$111 -$113 -$115 -$117 $0 -$119 -$121 -$123 -$126 -$128
-$649 -$660 -$671 -$682 -$694 $0 -$706 -$718 -$730 -$743 -$755
$41 $42 $43 $43 $44 $0 $45 $46 $46 $47 $48
$41 $42 $43 $43 $44 $0 $45 $46 $46 $47 $48
$12,894 $13,705 $14,529 $15,368 $16,221 $147,240 $23,258 $24,141 $25,039 $25,952 $26,881
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$12,894 $13,705 $14,529 $15,368 $16,221 $147,240 $23,258 $24,141 $25,039 $25,952 $26,881
$86,379 $99,272 $112,977 $127,506 $142,875 $159,096 $159,096 $182,354 $206,495 $231,534 $257,486
$99,272 $112,977 $127,506 $142,875 $159,096 $306,336 $182,354 $206,495 $231,534 $257,486 $284,367
20532.78% 21093.19% 21671.09% 22267.12% 22881.95% 250042.69% 23516.29% 24170.85% 24846.43% 25543.80% 26263.82%
94.37% 86.85% 80.25% 74.42% 69.26% 756.85% 62.87% 57.52% 52.99% 49.10% 45.73%
45.49% 44.74% 44.00% 43.27% 42.55% 46.67% 34.49% 33.92% 33.36% 32.81% 32.27%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
5630.86% 6112.99% 6610.35% 7122.29% 7648.18% 7648.18% 8418.85% 9194.50% 9974.75% 10759.24% 11547.60%
5656.40% 6137.85% 6634.54% 7145.84% 7671.10% 7671.10% 8441.15% 9216.20% 9995.86% 10779.77% 11567.56%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15
1.80% 1.66% 1.53% 1.42% 1.32% 1.32% 1.20% 1.10% 1.01% 0.94% 0.87%
17.52% 18.27% 19.01% 19.74% 20.46% 16.34% 28.52% 29.09% 29.65% 30.20% 30.74%
10.51% 10.96% 11.40% 11.84% 12.27% 9.80% 17.11% 17.45% 17.79% 18.12% 18.44%
N.A. $0 $0 $0 $0 $0 $0 $0 $0
N.A. -$3 -$4 -$6 -$16 $2 $2 $2 $2
N.A. -$2 -$3 -$4 -$10 $2 $2 $2 $2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$209 $206 $204 $202 $200 $200 $198 $196 $194 $192 $190
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$417 $413 $409 $405 $400 $400 $396 $392 $388 $384 $380
$626 $619 $613 $607 $601 $601 $594 $588 $582 $576 $569
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$124.50 -$130.72 -$136.95 -$143.17 -$149.40 -$149.40 -$155.62 -$161.85 -$168.07 -$174.30 -$180.52
-$6 -$6 -$6 -$6 -$6 -$12 -$6 -$6 -$6 -$6 -$6
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AÑO 3
$152,119 $154,716 $157,357 $160,043 $162,775 $165,553 $168,379 $1,844,086 $169,081 $169,785 $170,493
$152,119 $154,716 $157,357 $160,043 $162,775 $165,553 $168,379 $1,844,086 $169,081 $169,785 $170,493
$56,272 $57,232 $58,209 $59,203 $60,213 $61,241 $62,287 $682,162 $62,546 $62,807 $63,069
$95,847 $97,483 $99,147 $100,840 $102,561 $104,312 $106,093 $1,161,924 $106,535 $106,979 $107,424
$1,959 $1,972 $1,986 $2,000 $2,014 $2,028 $2,042 $23,594 $2,057 $2,071 $2,086
$3,854 $3,854 $3,854 $3,854 $3,854 $3,854 $3,854 $46,249 $4,191 $4,191 $4,191
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$42,363 $42,363 $42,363 $42,363 $42,363 $42,363 $42,363 $508,355 $33,890 $33,890 $33,890
$100 $100 $100 $100 $100 $100 $100 $1,200 $100 $100 $100
$48,276 $48,289 $48,303 $48,317 $48,331 $48,345 $48,359 $579,398 $40,238 $40,252 $40,267
$47,572 $49,194 $50,844 $52,523 $54,230 $55,967 $57,733 $582,527 $66,297 $66,727 $67,158
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6
$47,565 $49,188 $50,838 $52,517 $54,224 $55,961 $57,727 $582,452 $66,291 $66,720 $67,152
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$47,565 $49,188 $50,838 $52,517 $54,224 $55,961 $57,727 $582,452 $66,291 $66,720 $67,152
$11,891 $12,297 $12,710 $13,129 $13,556 $13,990 $14,432 $145,613 $16,573 $16,680 $16,788
$7,135 $7,378 $7,626 $7,877 $8,134 $8,394 $8,659 $87,368 $9,944 $10,008 $10,073
$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $349,471 $39,774 $40,032 $40,291
18.76% 19.08% 19.38% 19.69% 19.99% 20.28% 20.57% 18.95% 23.52% 23.58% 23.63%
$312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $499,988 $539,572 $579,412 $619,510
$38,030 $38,679 $39,339 $40,011 $40,694 $41,388 $42,095 $42,095 $42,270 $42,446 $42,623
$7,736 $7,868 $8,002 $8,139 $8,278 $8,419 $8,454 $8,454 $8,489 $8,525 $8,560
$357,958 $387,527 $418,086 $449,654 $482,246 $515,882 $550,537 $550,537 $590,331 $630,383 $670,693
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$188 $186 $184 $182 $179 $177 $175 $175 $173 $171 $169
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$376 $371 $367 $363 $359 $355 $351 $351 $346 $342 $338
-$187 -$193 -$199 -$205 -$212 -$218 -$224 -$224 -$230 -$237 -$243
$563 $557 $551 $545 $538 $532 $526 $526 $520 $513 $507
$358,522 $388,084 $418,637 $450,198 $482,785 $516,414 $551,063 $551,063 $590,851 $630,896 $671,201
$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2,901 $2,950 $3,001 $3,052 $3,104 $3,157 $3,170 $3,170 $3,183 $3,197 $3,210
$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$77,081 $105,621 $135,133 $165,636 $197,146 $229,680 $263,257 $263,257 $297,893 $337,667 $377,700
$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $34,636 $39,774 $40,032 $40,291
$355,621 $385,133 $415,636 $447,146 $479,680 $513,257 $547,893 $547,893 $587,667 $627,700 $667,991
$358,522 $388,084 $418,637 $450,198 $482,785 $516,414 $551,063 $551,063 $590,851 $630,896 $671,201
$28,539 $29,513 $30,503 $31,510 $32,534 $33,576 $34,636 $349,471 $39,774 $40,032 $40,291
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6 -$6 -$6
$28,545 $29,519 $30,509 $31,516 $32,541 $33,583 $34,642 $349,546 $39,781 $40,038 $40,297
-$638 -$649 -$660 -$672 -$683 -$695 -$706 $0 -$175 -$176 -$177
-$130 -$132 -$134 -$137 -$139 -$141 -$35 $0 -$35 -$35 -$36
-$768 -$781 -$795 -$808 -$822 -$836 -$742 $0 -$211 -$212 -$212
$49 $50 $50 $51 $52 $53 $13 $0 $13 $13 $13
$49 $50 $50 $51 $52 $53 $13 $0 $13 $13 $13
$27,826 $28,787 $29,765 $30,759 $31,771 $32,800 $33,914 $349,546 $39,583 $39,840 $40,098
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$27,826 $28,787 $29,765 $30,759 $31,771 $32,800 $33,914 $349,546 $39,583 $39,840 $40,098
$284,367 $312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $499,988 $539,572 $579,412
$312,193 $340,980 $370,745 $401,504 $433,275 $466,074 $499,988 $849,534 $539,572 $579,412 $619,510
27007.37% 27775.36% 28568.75% 29388.56% 30235.85% 31111.72% 32017.35% 350653.40% 32535.89% 33067.57% 33612.88%
42.78% 40.17% 37.86% 35.79% 33.93% 32.26% 30.73% 336.58% 28.77% 27.05% 25.52%
31.74% 31.21% 30.70% 30.19% 29.69% 29.20% 28.72% 31.42% 23.80% 23.71% 23.62%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
12339.48% 13134.55% 13932.48% 14732.96% 15535.67% 16340.31% 17365.65% 17365.65% 18543.60% 19719.54% 20893.46%
12358.90% 13153.43% 13950.84% 14750.80% 15553.01% 16357.17% 17382.24% 17382.24% 18559.92% 19735.60% 20909.27%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15
0.82% 0.77% 0.72% 0.68% 0.65% 0.62% 0.58% 0.58% 0.54% 0.51% 0.48%
31.27% 31.80% 32.31% 32.82% 33.32% 33.81% 34.29% 31.59% 39.21% 39.30% 39.39%
18.76% 19.08% 19.38% 19.69% 19.99% 20.28% 20.57% 18.95% 23.52% 23.58% 23.63%
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$2 $1 $1 $1 $1 $1 $1 $1 $1 $1
$2 $1 $1 $1 $1 $1 $1 $1 $1 $1
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$188 $186 $184 $182 $179 $177 $175 $175 $173 $171 $169
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$376 $371 $367 $363 $359 $355 $351 $351 $346 $342 $338
$563 $557 $551 $545 $538 $532 $526 $526 $520 $513 $507
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$25 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15 -$4.15 -$4.15
-$186.75 -$192.97 -$199.20 -$205.42 -$211.65 -$217.87 -$224.10 -$224.10 -$230.32 -$236.55 -$242.77
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$19 -$6 -$6 -$6
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AÑO 4
$171,203 $171,917 $172,633 $173,353 $174,075 $174,800 $175,529 $176,260 $176,995 $2,076,123 $177,732
$171,203 $171,917 $172,633 $173,353 $174,075 $174,800 $175,529 $176,260 $176,995 $2,076,123 $177,732
$63,331 $63,595 $63,860 $64,126 $64,394 $64,662 $64,931 $65,202 $65,474 $767,997 $65,746
$107,872 $108,322 $108,773 $109,226 $109,681 $110,138 $110,597 $111,058 $111,521 $1,308,127 $111,986
$2,100 $2,115 $2,130 $2,145 $2,160 $2,175 $2,190 $2,205 $2,221 $25,654 $2,236
$4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $4,191 $50,287 $4,557
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $33,890 $406,684 $27,112
$100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200 $100
$40,281 $40,296 $40,311 $40,326 $40,341 $40,356 $40,371 $40,386 $40,402 $483,825 $34,005
$67,591 $68,026 $68,462 $68,901 $69,341 $69,783 $70,226 $70,672 $71,119 $824,302 $77,981
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6
$67,585 $68,019 $68,456 $68,894 $69,335 $69,776 $70,220 $70,666 $71,113 $824,227 $77,974
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$67,585 $68,019 $68,456 $68,894 $69,335 $69,776 $70,220 $70,666 $71,113 $824,227 $77,974
$16,896 $17,005 $17,114 $17,224 $17,334 $17,444 $17,555 $17,666 $17,778 $206,057 $19,494
$10,138 $10,203 $10,268 $10,334 $10,400 $10,466 $10,533 $10,600 $10,667 $123,634 $11,696
$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $494,536 $46,785
23.69% 23.74% 23.79% 23.85% 23.90% 23.95% 24.00% 24.06% 24.11% 23.82% 26.32%
$659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $992,175 $1,038,758
$42,801 $42,979 $43,158 $43,338 $43,519 $43,700 $43,882 $44,065 $44,249 $44,249 $44,433
$8,596 $8,632 $8,668 $8,704 $8,740 $8,776 $8,813 $8,850 $8,887 $8,887 $8,924
$711,264 $752,095 $793,188 $834,545 $876,165 $918,051 $960,203 $1,002,623 $1,045,310 $1,045,310 $1,092,115
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$167 $165 $163 $161 $159 $157 $155 $152 $150 $150 $148
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$334 $330 $326 $322 $317 $313 $309 $305 $301 $301 $297
-$249 -$255 -$261 -$268 -$274 -$280 -$286 -$293 -$299 -$299 -$305
$501 $495 $489 $482 $476 $470 $464 $457 $451 $451 $445
$711,765 $752,590 $793,677 $835,027 $876,641 $918,521 $960,667 $1,003,080 $1,045,762 $1,045,762 $1,092,560
$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,223 $3,237 $3,250 $3,264 $3,278 $3,291 $3,305 $3,319 $3,332 $3,332 $3,346
$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$417,991 $458,541 $499,353 $540,427 $581,763 $623,364 $665,230 $707,362 $749,761 $749,761 $792,429
$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $42,668 $46,785
$708,541 $749,353 $790,427 $831,763 $873,364 $915,230 $957,362 $999,761 $1,042,429 $1,042,429 $1,089,214
$711,765 $752,590 $793,677 $835,027 $876,641 $918,521 $960,667 $1,003,080 $1,045,762 $1,045,762 $1,092,560
$40,551 $40,812 $41,074 $41,337 $41,601 $41,866 $42,132 $42,399 $42,668 $494,536 $46,785
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$75 -$6
$40,557 $40,818 $41,080 $41,343 $41,607 $41,872 $42,138 $42,406 $42,674 $494,611 $46,791
-$178 -$178 -$179 -$180 -$181 -$181 -$182 -$183 -$184 $0 -$184
-$36 -$36 -$36 -$36 -$36 -$36 -$37 -$37 -$37 $0 -$37
-$213 -$214 -$215 -$216 -$217 -$218 -$219 -$220 -$220 $0 -$221
$13 $13 $13 $14 $14 $14 $14 $14 $14 $0 $14
$13 $13 $13 $14 $14 $14 $14 $14 $14 $0 $14
$40,357 $40,617 $40,878 $41,140 $41,404 $41,668 $41,933 $42,200 $42,467 $494,611 $46,583
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$40,357 $40,617 $40,878 $41,140 $41,404 $41,668 $41,933 $42,200 $42,467 $494,611 $46,583
$619,510 $659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $992,175
$659,867 $700,484 $741,363 $782,503 $823,907 $865,575 $907,508 $949,708 $992,175 $1,486,786 $1,038,758
34172.33% 34746.46% 35335.82% 35941.02% 36562.67% 37201.44% 37858.01% 38533.11% 39227.51% 460133.74% 39942.04%
24.16% 22.94% 21.84% 20.84% 19.93% 19.10% 18.33% 17.63% 16.98% 199.16% 16.32%
23.53% 23.44% 23.35% 23.26% 23.17% 23.09% 23.00% 22.91% 22.83% 23.30% 19.13%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
22065.37% 23235.25% 24403.10% 25568.92% 26732.70% 27894.44% 29054.13% 30211.78% 31367.38% 31367.38% 32635.88%
22080.91% 23250.53% 24418.13% 25583.69% 26747.22% 27908.71% 29068.16% 30225.56% 31380.92% 31380.92% 32649.18%
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15
0.45% 0.43% 0.41% 0.39% 0.38% 0.36% 0.35% 0.33% 0.32% 0.32% 0.31%
39.48% 39.57% 39.66% 39.75% 39.83% 39.92% 40.01% 40.10% 40.18% 39.70% 43.88%
23.69% 23.74% 23.79% 23.85% 23.90% 23.95% 24.00% 24.06% 24.11% 23.82% 26.32%
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$1 $1 $0 $0 $0 $0 $0 $0 $0 $0
$1 $1 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$167 $165 $163 $161 $159 $157 $155 $152 $150 $150 $148
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$334 $330 $326 $322 $317 $313 $309 $305 $301 $301 $297
$501 $495 $489 $482 $476 $470 $464 $457 $451 $451 $445
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$25 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$50 -$4.15
-$249.00 -$255.22 -$261.45 -$267.67 -$273.90 -$280.12 -$286.35 -$292.58 -$298.80 -$298.80 -$305.03
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$25 -$6
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
$178,473 $179,216 $179,963 $180,713 $181,466 $182,222 $182,982 $183,744 $184,510 $185,279 $186,051
$178,473 $179,216 $179,963 $180,713 $181,466 $182,222 $182,982 $183,744 $184,510 $185,279 $186,051
$66,020 $66,295 $66,572 $66,849 $67,128 $67,407 $67,688 $67,970 $68,254 $68,538 $68,824
$112,452 $112,921 $113,391 $113,864 $114,338 $114,815 $115,293 $115,774 $116,256 $116,741 $117,227
$2,252 $2,268 $2,284 $2,300 $2,316 $2,332 $2,348 $2,365 $2,381 $2,398 $2,415
$4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557 $4,557
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112 $27,112
$100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
$34,021 $34,036 $34,052 $34,068 $34,084 $34,101 $34,117 $34,133 $34,150 $34,167 $34,183
$78,432 $78,884 $79,339 $79,796 $80,254 $80,714 $81,176 $81,640 $82,106 $82,574 $83,044
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
$78,425 $78,878 $79,333 $79,789 $80,248 $80,708 $81,170 $81,634 $82,100 $82,568 $83,037
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$78,425 $78,878 $79,333 $79,789 $80,248 $80,708 $81,170 $81,634 $82,100 $82,568 $83,037
$19,606 $19,720 $19,833 $19,947 $20,062 $20,177 $20,293 $20,409 $20,525 $20,642 $20,759
$11,764 $11,832 $11,900 $11,968 $12,037 $12,106 $12,176 $12,245 $12,315 $12,385 $12,456
$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
26.37% 26.41% 26.45% 26.49% 26.53% 26.57% 26.62% 26.66% 26.70% 26.74% 26.78%
$1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609 $1,575,059
$44,618 $44,804 $44,991 $45,178 $45,367 $45,556 $45,745 $45,936 $46,127 $46,320 $46,513
$8,961 $8,998 $9,036 $9,073 $9,111 $9,149 $9,187 $9,225 $9,264 $9,303 $0
$1,139,191 $1,186,538 $1,234,158 $1,282,052 $1,330,221 $1,378,666 $1,427,388 $1,476,389 $1,525,670 $1,575,231 $1,621,572
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$146 $144 $142 $140 $138 $136 $134 $132 $130 $128 $126
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$293 $288 $284 $280 $276 $272 $268 $263 $259 $255 $251
-$311 -$317 -$324 -$330 -$336 -$342 -$349 -$355 -$361 -$367 -$374
$439 $433 $426 $420 $414 $408 $401 $395 $389 $383 $377
$1,139,629 $1,186,970 $1,234,584 $1,282,472 $1,330,635 $1,379,074 $1,427,790 $1,476,785 $1,526,059 $1,575,614 $1,621,948
$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$3,360 $3,374 $3,388 $3,402 $3,417 $3,431 $3,445 $3,460 $3,474 $3,488 $0
$250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
$839,214 $886,269 $933,596 $981,196 $1,029,069 $1,077,218 $1,125,643 $1,174,345 $1,223,325 $1,272,585 $1,322,126
$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
$1,136,269 $1,183,596 $1,231,196 $1,279,069 $1,327,218 $1,375,643 $1,424,345 $1,473,325 $1,522,585 $1,572,126 $1,621,948
$1,139,629 $1,186,970 $1,234,584 $1,282,472 $1,330,635 $1,379,074 $1,427,790 $1,476,785 $1,526,059 $1,575,614 $1,621,948
$47,055 $47,327 $47,600 $47,874 $48,149 $48,425 $48,702 $48,980 $49,260 $49,541 $49,822
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
$47,061 $47,333 $47,606 $47,880 $48,155 $48,431 $48,708 $48,987 $49,266 $49,547 $49,829
-$185 -$186 -$187 -$187 -$188 -$189 -$190 -$191 -$191 -$192 -$193
-$37 -$37 -$37 -$38 -$38 -$38 -$38 -$38 -$38 -$39 $9,303
-$222 -$223 -$224 -$225 -$226 -$227 -$228 -$229 -$230 -$231 $9,110
$14 $14 $14 $14 $14 $14 $14 $14 $14 $14 -$3,488
$14 $14 $14 $14 $14 $14 $14 $14 $14 $14 -$3,488
$46,853 $47,124 $47,396 $47,669 $47,943 $48,218 $48,495 $48,772 $49,051 $49,331 $55,450
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$46,853 $47,124 $47,396 $47,669 $47,943 $48,218 $48,495 $48,772 $49,051 $49,331 $55,450
$1,038,758 $1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609
$1,085,612 $1,132,735 $1,180,131 $1,227,800 $1,275,743 $1,323,961 $1,372,456 $1,421,228 $1,470,279 $1,519,609 $1,575,059
40677.54% 41434.92% 42215.15% 43019.24% 43848.28% 44703.41% 45585.85% 46496.89% 47437.91% 48410.37% 49415.85%
15.71% 15.14% 14.62% 14.13% 13.67% 13.25% 12.85% 12.47% 12.12% 11.79% 11.47%
19.06% 18.99% 18.92% 18.85% 18.78% 18.71% 18.65% 18.58% 18.51% 18.44% 18.37%
36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99% 36.99%
33901.38% 35163.86% 36423.34% 37679.81% 38933.27% 40183.74% 41431.20% 42675.67% 43917.14% 45155.63% #DIV/0!
33914.44% 35176.68% 36435.92% 37692.15% 38945.39% 40195.62% 41442.85% 42687.09% 43928.34% 45166.60% #DIV/0!
15 15 15 15 15 15 15 15 15 15 15
15 15 15 15 15 15 15 15 15 15 15
0.30% 0.29% 0.28% 0.27% 0.26% 0.25% 0.24% 0.23% 0.23% 0.22% 0.00%
43.95% 44.02% 44.09% 44.16% 44.23% 44.29% 44.36% 44.43% 44.50% 44.57% 44.63%
26.37% 26.41% 26.45% 26.49% 26.53% 26.57% 26.62% 26.66% 26.70% 26.74% 26.78%
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$146 $144 $142 $140 $138 $136 $134 $132 $130 $128 $126
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$293 $288 $284 $280 $276 $272 $268 $263 $259 $255 $251
$439 $433 $426 $420 $414 $408 $401 $395 $389 $383 $377
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2 -$2
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
-$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15 -$4.15
-$311.25 -$317.48 -$323.70 -$329.93 -$336.15 -$342.38 -$348.60 -$354.83 -$361.05 -$367.28 -$373.50
-$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6 -$6
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78% 2.78%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83% 0.83%
0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
AÑO 5
$2,182,351
$2,182,351
$807,292
$1,375,058
$27,894
$54,678
$0
$325,347
$1,200
$409,119
$965,940
-$75
$965,865
$0
$0
$965,865
$241,466
$144,880
$579,519
26.55%
$1,575,059
$46,513
$0
$1,621,572
$0
$0
$0
$126
$0
$0
$251
-$374
$377
$1,621,948
$0
$0
$0
$0
$0
$250,000
$1,322,126
$49,822
$1,621,948
$1,621,948
$579,519
-$75
$579,594
$0
$0
$0
$0
$0
$579,594
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$579,594
$1,575,059
$2,154,653
579641.58%
134.55%
18.75%
36.99%
#DIV/0!
#DIV/0!
15
15
0.00%
44.26%
26.55%
$0
$0
$0
$126
$0
$0
$251
$377
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$25
$0
$0
-$50
-$373.50
-$31
AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4
NATUREZZO TONI
Flujo de Caja:
Ingreso
Ingresos por productos 0 1040995 1501756 1844086 2076123
Ingresos por servicios 0 0 0 0 0
Total Ingresos 0 1040995 1501756 1844086 2076123
Gastos operativos:
Gastos fijos 0 19957 21699 23594 25654
Sueldos y salarios 0 39120 42536 46249 50287
Comisiones 0 0 0 0 0
Gastos de Promocion y Publicidad 0 794304 635443 508355 406684
Otros Gastos 0 1200 1200 1200 1200
Total gastos operativos 0 854581 700878 579398 483825
Ajustes
Depreciación y Amortización 0 -75 -75 -75 -75
Total de Ajustes 0 $ -75 $ -75 $ -75 $ -75
INVERSION -250000.00 0 0 0 0
PASIVOS 0 0 0 0 0
RECUPERACION DE CAPITAL 0 0 0 0 0
VALOR DE DESECHO 0 0 0 0 0
TIR 49.19%
TMAR 32.89%
VAN 191078
ANALISIS SE ACEPTA
RECUPERACION DE CAPITAL
% por
Año CAPITAL Flujo Acum Por Recuperar % recuperado recuperar
0 -250,000 0 0 -250,000 0.00% 100.00%
1 0 -198,818 -198,818 -448,818 -79.53% 179.53%
2 0 147,091 -51,728 -301,728 -20.69% 120.69%
3 0 349,396 297,669 47,669 119.07% -19.07%
4 0 494,462 792,130 542,130 316.85% -216.85%
5 0 829,071 1,621,201 1,371,201 648.48% -548.48%
AÑO 5
2182351
0
2182351
807292
1375058
27894
54678
0
325347
1200
409119
965940
-75
965865
0
0
965865
241466
144880
579519
-75
$ -75
0
0
249250
377
829070.80
FLUJO DE CAJA SOCIAL
RUBRO/AÑO AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4
INGRESOS
Ingresos por productos 0 988,946 1,426,669 1,751,882 1,972,317
Ingresos por servicios 0 0 0 0 0
Total Ingresos 0 988,946 1,426,669 1,751,882 1,972,317
Egresos:
Gastos fijos 0 18,959 20,614 22,414 24,371
Sueldos y salarios 0 39,120 42,536 46,249 50,287
Gastos Variables 0 365,829 527,751 648,054 729,597
Gastos de Promocion y Publicidad 0 754,589 603,671 482,937 386,349
Otros Gastos 0 1,140 1,140 1,140 1,140
Total costos 0 1,179,637 1,195,712 1,200,794 1,191,745
INVERSION -250,000 0 0 0 0
RECUPERACION DE CAPITAL 0 0 0 0 0
VALOR DE DESECHO 0 0 0 0 0
2,073,233
0
2,073,233
26,499
54,678
766,928
309,080
1,140
1,158,324
914,909
144,880
0
249,250
358
1,309,396
CALCULO DE PUNTO DE EQUILIBRIO
NATUREZZO TONI AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5
INGRESOS 1040995 1501756 1844086 2076123 2182351
COSTOS VARIABLES 385084 555528 682162 767997 807292
MARGEN VARIABLE 655912 946229 1161924 1308127 1375058
% MARGEN VARIABLE 63.01% 63.01% 63.01% 63.01% 63.01%
GASTOS FIJOS 854581 700878 579398 483825 409119
% DE GASTOS FIJOS 82.09% 46.67% 31.42% 23.30% 18.75%
PUNTO DE EQUILIBRIO SIN DEUDA 1356302 1112361 919560 767877 649311
INTERESES 0 0 0 0 0
TOTAL DE GASTOS FIJOS 854581 700878 579398 483825 409119
PUNTO DE EQUILIBRIO CON DEUDA 1356302 1112361 919560 767877 649311
1600000
1400000
1200000
1000000
800000
600000
400000
200000
0
MALO EQUILIBRIO BUENO
VENTAS PUNTO DE EQUILIBRIO
1600000
1400000
1356302
1200000
1112361
1000000
919560
800000
767877
649311
600000
400000
200000
0
AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5
Ventas Punto de Equilibrio
1800000
ESCENARIO MALO - EQUILIBRIO - BUENO
1600000
1400000
1200000
1000000
800000
600000
400000
200000
0
MALO EQUILIBRIO BUENO
ANALISIS DE SENSIBILIDAD
ESCENARIO VARIACION % TIR TMAR ANALISIS PUNTO CRITICO
5% 60.34% 32.89% SE ACEPTA
AUMENTO DE LAS VENTAS 10% 72.00% 32.89% SE ACEPTA
15% 84.20% 32.89% SE ACEPTA SE PUEDE BAJAR HASTA
-5% 38.50% 32.89% SE ACEPTA 7,7%
DISMINUCION DE LAS VENTAS -10% 28.22% 32.89% SE RECHAZA
-15% 18.26% 32.89% SE RECHAZA
5% 45.19% 32.89% SE ACEPTA
AUMENTO DE LOS COSTOS 10% 41.24% 32.89% SE ACEPTA
15% 37.36% 32.89% SE ACEPTA SE PUEDE SUBIR HASTA
-5% 53.26% 32.89% SE ACEPTA 20,82%
DISMINUCION DE LOS COSTOS -10% 57.40% 32.89% SE ACEPTA
-15% 61.60% 32.89% SE ACEPTA
5% 43.77% 32.89% SE ACEPTA
AUMENTO DE LOS GASTOS 10% 38.70% 32.89% SE ACEPTA
15% 33.96% 32.89% SE ACEPTA SE PUEDE SUBIR HASTA
-5% 55.00% 32.89% SE ACEPTA 16,17%
DISMINUCION DE LOS GASTOS -10% 61.22% 32.89% SE ACEPTA
-15% 67.89% 32.89% SE ACEPTA
PUNTO CRITICO
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
5% 10% 15% -5% -10% -15%
VARIACION % COSTOS
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
5% 10% 15% -5% -10% -15%
VARIACION % GASTOS
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
5% 10% 15% -5% -10% -15%