Ao

i=15%

Anualidad

300000.00

200000.00

1800000.00

270000.00

200000.00

1600000.00

240000.00

200000.00

210000.00

200000.00

180000.00

6
7

PW 15%

FCD

500000.00

0.87

434800.00

470000.00

0.76

355367.00

1400000.00

440000.00

0.66

289300.00

1200000.00

410000.00

0.57

234438.00

200000.00

1000000.00

380000.00

0.50

188936.00

150000.00

200000.00

800000.00

350000.00

0.43

151305.00

120000.00

200000.00

600000.00

320000.00

0.38

120288.00

90000.00

200000.00

400000.00

290000.00

0.33

94801.00

60000.00

200000.00

200000.00

260000.00

0.28

73918.00

30000.00

200000.00

0.00

230000.00

0.25

1650000.00

2000000.00

10
Total

Beneficios

Prestamo Pend. Flujo de prestamo

8000000

Costos Operacionales
6197482
Costos de administracion y personal 790984
6988466

3650000.00

56856.00
2000009.00

Total
Accionistas
Monto total prestado
Anualidad

2500000

Beneficio
Costos c/a
costo c/10a
Valor residual

8000000
6988466
500000
625000

500000
2000000
200000

Ao Capital Ingresos
0

Egresos Flujo A/Impuestos

Intereses

Amortizacin

Base imp.

Impuestos 25%Flujo D/ImpuestosPW 15%

-500000

-500000

8000000

6988466

1011534

300000.00

5000.00

706534.00

176633.50

529900.50 0.869565217

8000000

6988466

1011534

270000.00

5000.00

736534.00

184133.50

552400.50 0.756143667

8000000

6988466

1011534

240000.00

5000.00

766534.00

191633.50

574900.50 0.657516232

8000000

6988466

1011534

210000.00

5000.00

796534.00

199133.50

597400.50 0.571753246

8000000

6988466

1011534

180000.00

5000.00

826534.00

206633.50

619900.50 0.497176735

8000000

6988466

1011534

150000.00

5000.00

856534.00

214133.50

642400.50 0.432327596

8000000

6988466

1011534

120000.00

5000.00

886534.00

221633.50

664900.50

8000000

6988466

1011534

90000.00

5000.00

916534.00

229133.50

687400.50 0.326901774

0.37593704

8000000

6988466

1011534

60000.00

5000.00

946534.00

236633.50

709900.50 0.284262412

10

8000000

7488466

511534

30000.00

5000.00

476534.00

119133.50

357400.50 0.247184706

11

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.214943223

12

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50

13

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.162527957

14

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.141328658

15

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.122894485

16

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50

17

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.092925887

18

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.080805119

19

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.070265321

20

8000000

7488466

511534

0.00

5000.00

506534.00

126633.50

379900.50 0.061100279

21

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.053130677

22

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.046200589

23

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.040174425

24

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.034934283

25

625000 8000000

6988466

1636534

0.00

5000.00

1631534.00

407883.50

1223650.50 0.030377637

Van

1531228.32

0.18690715

0.10686477

FCD
-500000
460783.0435
417694.1399
378006.4108
341565.6748
308200.1068
277727.4638
249960.7258
224712.4428
201798.0284
88343.93756
162260.7463
141096.3011
122692.4358
106689.0746
92773.10833
80672.26811
70149.79836
60999.82466
53043.32579
23212.02652
40108.37489
34876.84773
30327.69368
26371.90755
37171.61096
3531237.318

Ao

i=15%

300000.00

200000.00

1800000.00

500000.00

270000.00

200000.00

1600000.00

470000.00

240000.00

200000.00

1400000.00

210000.00

200000.00

180000.00

6
7

Total

Anualidad Prestamo Pend.

Flujo de prestamo PW 15%

FCD

Ao

0.87

434800.00

0.76

355367.00

440000.00

0.66

289300.00

1200000.00

410000.00

0.57

234438.00

200000.00

1000000.00

380000.00

0.50

188936.00

150000.00

200000.00

800000.00

350000.00

0.43

151305.00

120000.00

200000.00

600000.00

320000.00

0.38

120288.00

90000.00

200000.00

400000.00

290000.00

0.33

94801.00

60000.00

200000.00

200000.00

260000.00

0.28

73918.00

10

30000.00

200000.00

0.00

230000.00

0.25

56856.00

1650000.00

2000000.00

2000009.00

10

3650000.00

11
12
13

Beneficios

8000000

Total
2500000
Accionistas
500000
Monto total prestado
2000000
Anualidad
200000

14
15
16
17
18

Costos Operacionales
6197482
Costos de administracion y personal
790984
6988466

19

Beneficio
Costos c/a
costo c/10a
Valor residual

8000000
6988466
500000
625000

20
21
22
23
24
25

Capital

Ingresos

Egresos

8000000

6988466

8000000

Flujo A/Impuestos
Intereses

Amortizacin

Base imp.

Impuestos 25% Flujo D/Impuestos

PW 25%
1

-500000

1011534 300000.00

5000.00

706534.00

176633.50

529900.50

0.8

423920.4

6988466

1011534 270000.00

5000.00

736534.00

184133.50

552400.50

0.64

353536.32

8000000

6988466

1011534 240000.00

5000.00

766534.00

191633.50

574900.50

0.512

294349.056

8000000

6988466

1011534 210000.00

5000.00

796534.00

199133.50

597400.50

0.4096

244695.2448

8000000

6988466

1011534 180000.00

5000.00

826534.00

206633.50

619900.50

0.32768

203128.9958

8000000

6988466

1011534 150000.00

5000.00

856534.00

214133.50

642400.50

0.262144

168401.4367

8000000

6988466

1011534 120000.00

5000.00

886534.00

221633.50

664900.50 0.2097152

139439.7413

8000000

6988466

1011534

90000.00

5000.00

916534.00

229133.50

687400.50 0.1677722

115326.6667

8000000

6988466

1011534

60000.00

5000.00

946534.00

236633.50

709900.50 0.1342177

95281.23222

8000000

7488466

511534

30000.00

5000.00

476534.00

119133.50

357400.50 0.1073742

38375.58648

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0858993

64845.45918

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0687195

51876.36735

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0549756

41501.09388

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0439805

33200.8751

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0351844

26560.70008

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0281475

21248.56007

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50

0.022518

16998.84805

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0180144

13599.07844

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0144115

10879.26275

8000000

7488466

511534

0.00

5000.00

506534.00

126633.50

379900.50 0.0115292

4379.954561

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0092234

6962.728162

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0073787

5570.18253

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50

0.005903

4456.146024

8000000

6988466

1011534

0.00

5000.00

1006534.00

251633.50

754900.50 0.0047224

3564.916819

625000 8000000

6988466

1636534

0.00

5000.00

1631534.00

407883.50

1223650.50 0.0037779

4622.820886

-500000

-500000

FCD

1886721.674

Van
Tir

164451.6

-113287.33

tir

9.31
24.31