14,000,000 14,000,000

14,000,000 14,000,000 14,000,000+2,000,000

0 1 2 3 4 5

5,000,000 5,000,000 5,000,000

5,000,000 5,000,000
30,000,000
 3,100,000 3,100,000
3,100,000 3,100,000 3,100,000

0 1 2 3 4 5

2,000,000 2,000,000 2,000,000

2,000,000 2,000,000
 20,000
2,000

0 1 2 3 4 5
0 1 2 3 4 5

7,000 7,000 7,000

9,000 9,000 9,000 7,000 7,000
35,000
9,000 9,000
15,000
 0 1 2 3 4 5

126,000 126,000 126,000

126,000 126,000 500,000
952,000+
1,300,000

0 1 2 3 4 5

366,000*5 +
151.18*9,000+
340,000+
 7,000+1,800 Cual seria su
recomendación para este
4,800 6,350 7,735 7,500 4,300
proyecto de inversión?

  Si , se acepta la inversión.
Si , se rechaza la inversión.

0 1 2 3 4 5 6

TREMA(i) = 9%
18,000 4800 6350 7735 7500 4300 8800
 
𝑉𝑃𝑁 = −18,000 +
( 1
+ 2
+ 3
+
(1+0.09) (1+0.09) (1+0.09) (1+0.09)
4
+ 5
+
(1+ 0.09) (1+0.09)
6 )
=PV(0.09,1,,-4800)+ PV(0.09,2,,-6350)+PV(0.09,3,,-7735)+PV(0.09,4,,-7500)+PV(0.09,5,,-4300)+PV(0.09,6,,-8800)
=29,076.22

29,076.22
 
VPN = 11,076.22
 𝐹𝑁𝐸 𝑗
TMAR Periodo Cantidad Valor Presente  
𝑉𝑃𝑁 = − 𝐼𝑛𝑣𝑒𝑟𝑠𝑖 ó 𝑛+
12% 1 -70000 $62,500.00 Cual seria su (1+𝑇𝑀𝐴𝑅 )
𝑁
12% 2 -70000 $55,803.57
12% 3 -70000 $49,824.62
recomendación para este
12% 4 -70000 $44,486.27 proyecto de inversión?   Si , se acepta la inversión.
12% 5 -70000 $39,719.88 Si , se rechaza la inversión.
12% 6 -70000 $35,464.18
12% 7 -70000 $31,664.45
12% 8 -70000 $28,271.83
12% 9 -70000 $25,242.70
12% 10 -70000 $22,538.13 227,000+225,000
12% 11 -70000 $20,123.33 227,000
12% 12 -70000 $17,967.26
12% 13 -70000 $16,042.19
12% 14 -70000 $14,323.39
12% 15 -70000 $12,788.74
12% 16 -70000 $11,418.52
12% 17 -70000 $10,195.10
12% 18 -70000 $9,102.77
12% 19 -70000 $8,127.47
12% 20 -70000 $7,256.67
12% 21 -70000 $6,479.17 0 1 2 3 4 34 35
12% 22 -70000 $5,784.98
12% 23 -70000 $5,165.16
12% 24 -70000 $4,611.75
12% 25 -70000 $4,117.63
12% 26 -70000 $3,676.46
12% 27 -70000 $3,282.55
12% 28 -70000 $2,930.85
114,000+43,000
12% 29 -70000 $2,616.83
12% 30 -70000 $2,336.45 1,500,000
12% 31 -70000 $2,086.12
12% 32 -70000 $1,862.61
12% 33 -70000 $1,663.04 𝑉𝑃𝑁
  =−1,500,000+576,546.67
12% 34 -70000 $1,484.86

 𝑉𝑃𝑁 = − 923,453.33
12% 35 -295000 $5,587.16
SUMA $576,546.67
 Escenario 2
TMAR Periodo Ingreso Egreso FNE VP
0.186237 0 2000 2000 ($2,000.00)
0.186237 1 1000 500 -500 $421.50
0.186237 2 1000 500 -500 $355.33
0.186237 3 1000 500 -500 $299.54
0.186237 4 1000 500 -500 $252.51
0.186237 5 1000 500 -500 $212.87
0.186237 6 1000 500 -500 $179.45
0.186237 7 1000 500 -500 $151.28
0.186237 8 1000 500 -500 $127.53
VPN $0.00

𝐹𝑁𝐸
  𝑃𝑁 = − 𝐼𝑛𝑣𝑒𝑟𝑠𝑖 ó 𝑛 +
V
𝑗
𝑁
(1 +𝑇𝑀𝐴𝑅 )
Escenario 1
500 500 500 500 500 500 500 500
TMAR Periodo Ingreso Egreso FNE VP
V  𝑃𝑁 =−2000+
( 1
+ 2
+ 3
+ 4
+ 5
+ 6
+ 7
+
(1 .10) (1 .10) (1 .10) (1 .10) (1 .10) (1 .10) (1.10) (1 .10)
8 )
0.1 0 2000 2000 ($2,000.00)
0.1 1 1000 500 -500 $454.55
0.1
0.1
2
3
1000
1000
500
500
-500
-500
$413.22
$375.66
 V 𝑃𝑁 = − 2000 + ( 2 667.46 )
0.1 4 1000 500 -500 $341.51
0.1 5 1000 500 -500 $310.46   V 𝑃𝑁 = 667.46
0.1 6 1000 500 -500 $282.24
0.1 7 1000 500 -500 $256.58
0.1 8 1000 500 -500 $233.25   Si , se acepta la inversión.
VPN $667.46 Si , se rechaza la inversión.