FORMULAS

𝑛
𝐹𝑁𝐸
𝑉𝐴𝑁 = −𝐼ₒ + ∑
(1 + 𝐾)𝑛
𝑗=1
𝑛
𝐹𝑁𝐸
𝑇𝑖𝑟 = 0 = −𝐼ₒ + ∑
(1 + 𝑅)𝑛
𝑗=1

𝐼ₒ = 𝐼𝑓 + 𝐶𝑇
𝐼𝑓 = 𝐼𝑓𝐼 + 𝐼𝑓𝑇

𝐼𝑓𝐼 = 𝐼𝑓 − 𝐼𝑓𝑇
𝐼𝑓𝑇 − 𝑉𝑅
𝐷𝐴𝑓 =
𝑇 𝑛
𝐼𝑓
𝐴𝐴𝑓 = 𝐼
𝐼 𝑛
𝑅1 𝑅2 𝑅𝑛
𝑉𝐴𝑁 = −𝐼ₒ + + +∙∙∙∙∙∙∙ +
(1 + 𝐾 )1 (1 + 𝐾 )2 (1 + 𝐾 )𝑛
𝑅1 𝑅2 𝑅𝑛
𝑇𝑖𝑟 = 𝜃 = −𝐼ₒ + + +∙∙∙∙∙∙∙ +
(1 + 𝑟)1 (1 + 𝑟)2 (1 + 𝑟)𝑛

𝑉𝐴𝑁 𝑉𝐴𝑁
𝑉𝐴𝑁𝐴 = =
𝐹𝑉𝑃𝑆𝑈 (1 + 𝐾)𝑛 − 1
[ ]
(1 + 𝐾)𝑛 ∗ 𝐾
Financiamiento atado
𝑡𝑖𝑒𝑚𝑝𝑜 𝑑𝑒 𝑖𝑛𝑎𝑐𝑡𝑖𝑣𝑖𝑑𝑎𝑑(𝑚𝑒𝑠𝑒𝑠)
𝐼𝑃𝑜 = 𝑅𝑓 × 𝑖 ×
12
𝐼𝑓 − 𝐼𝑃𝑜
𝐼𝑃
𝐼𝑓𝐼 =
𝑛