FLUJO DE TASA DE IMPORTE

AÑO
CAJA DESCUENTO DESCONTADO

0 - 1,000.00 1- 1,000.00
1 - 500.00 0.909090909 - 454.55
2 845.00 0.826446281 698.35
3 1,000.00 0.751314801 751.31
345.00 - 4.88

VAN - 4.88

VAN= - 1,000.00 + - 500.00 + 845.00 +

(1+0.10)^(0) (1+0.10)^(1) (1+0.10)^(2)

VAN= - 1,000.00 + - 500.00 + 845.00 +

1 1.1 1.21

VAN= - 1,000.00 *1 + - 500.00 0.909090909 +

1 0.909090909
 1,000.00
(1+0.10)^(3)

1,000.00
1.331

845.00 0.826446281 1,000.00 0.751314801

0.826446281 0.751314801
 FLUJO DE TASA DE IMPORTE
AÑO
CAJA DESCUENTO DESCONTADO

0 - 1,000.00 1- 1,000.00
1 500.00 0.666666667 333.33
2 1,000.00 0.444444444 444.44
3 1,500.00 0.296296296 444.44
2,000.00 222.22

VAN 222.22

VAN= - 1,000.00 + 500.00 + 1,000.00 +

(1+0.50)^(0) (1+0.50)^(1) (1+0.50)^(2)

VAN= - 1,000.00 + 500.00 + 1,000.00 +

1 1.5 2.25

VAN= - 1,000.00 *1 + 500.00 0.666666667 +

1 0.666666667
 1,500.00
(1+0.5)^(3)

1,500.00
3.375

1,000.00 0.444444444 1,500.00 0.296296296

0.444444444 0.296296296
AÑO FLUJO DE CAJA TASA DE IMPORTE
DESCUENTO DESCONTADO

0 - 400,000,000.00 1 - 400,000,000.00 Ingresos(Desemb)

1 5,000,000.00 0.8928571429 4,464,285.71 G. Operativos
2 10,000,000.00 0.7971938776 7,971,938.78
3 60,000,000.00 0.7117802478 42,706,814.87
4 100,000,000.00 0.6355180784 63,551,807.84
5 115,000,000.00 0.5674268557 65,254,088.41 VAN=
6 50,000,000.00 0.5066311212 25,331,556.06
7 15,000,000.00 0.4523492153 6,785,238.23
8 20,000,000.00 0.403883228 8,077,664.56
9 - 95,000,000.00 0.360610025 - 34,257,952.37 VAN =
- 120,000,000.00 - 210,114,557.92

VAN - 210,114,557.92
 0 1 2 3 4 5 6

- 400,000,000 85,000,000 90,000,000 140,000,000 180,000,000 195,000,000 130,000,000

- 80,000,000 - 80,000,000 - 80,000,000 - 80,000,000 - 80,000,000 - 80,000,000
- 400,000,000 5,000,000 10,000,000 60,000,000 100,000,000 115,000,000 50,000,000

- 400,000,000 + 5,000,000 + 10,000,000 + 60,000,000 + 100,000,000 + 115,000,000 + 50,000,000 +

(1.12)^(0) (1.12)^(1) (1.12)^(2) (1.12)^(3) (1.12)^(4) (1.12)^(5) (1.12)^(6)

- 210,114,557.92
5,000,000
TNA 10% ((1+i/12)^(12))-1 (1.12)^(-1)

TEM 0.10471307
5,000,000
TEM 10.4713067

(1.12)^(0) (1.12)^(1) (1.12)^(2) (1.12)^(3) (1.12)^(4) (1.12)^(5) (1.12)^(6)

1 1.12 1.2544 1.404928 1.57351936

1 (1.12)^(-1) (1.12)^(-2) (1.12)^(-3) (1.12)^(-4)

0.892857143 0.797193878 0.71178024781 0.6355180784

0
 7 8 9

95,000,000 60,000,000 - 95,000,000

- 80,000,000 - 80,000,000
15,000,000 - 20,000,000 - 95,000,000

15,000,000 + - 20,000,000 + - 95,000,000

(1.12)^(7) (1.12)^(8) (1.12)^(9)

5,000,000 4,464,285.71
1.12

0.89285714 4,464,285.71

(1.12)^(7) (1.12)^(8) (1.12)^(9)

0 0
 FLUJO DE TASA DE IMPORTE
AÑO AÑO
CAJA DESCUENTO DESCONTADO

0 - 100.00 1 - 100.0000 0
1 - 10.00 0.869565217 - 8.6957 1
2 25.00 0.756143667 18.9036 2
3 25.00 0.657516232 16.4379 3
4 35.00 0.571753246 20.0114 4
5 35.00 0.497176735 17.4012 5
6 35.00 0.432327596 15.1315 6
7 35.00 0.37593704 13.1578 7
8 50.00 0.326901774 16.3451 8
9 50.00 0.284262412 14.2131 9
10 50.00 0.247184706 12.3592 10
230.00 35.2651

VAN 35.2651

15
20
x
25

x=

x=

21.12
 IMPORTE IMPORTE
FLUJO DE TASA DE FLUJO DE TASA DE
DESCONTAD AÑO DESCONTAD
CAJA DESCUENTO O CAJA DESCUENTO O

- 100.00 1 - 100.00000 0 - 100.00 1 - 100.00000

- 10.00 0.833333333 - 8.33333 1 - 10.00 0.8 - 8.00000
25.00 0.694444444 17.36111 2 25.00 0.64 16.00000
25.00 0.578703704 14.46759 3 25.00 0.512 12.80000
35.00 0.482253086 16.87886 4 35.00 0.4096 14.33600
35.00 0.401877572 14.06572 5 35.00 0.32768 11.46880
35.00 0.334897977 11.72143 6 35.00 0.262144 9.17504
35.00 0.279081647 9.76786 7 35.00 0.2097152 7.34003
50.00 0.232568039 11.62840 8 50.00 0.16777216 8.38861
50.00 0.193806699 9.69033 9 35.00 0.134217728 4.69762
50.00 0.161505583 8.07528 10 50.00 0.107374182 5.36871
230.00 5.32325 215.00 - 18.42519

VAN 5.32325 VAN - 18.42519

35.27 25 -18.42519
5.32 X 0
0 20 5.32325
-18.43

X b c
(-5)* -18.43 d
-23.75

92.15 -3.88 X= (-5)* -18.43

-23.75 -23.74844

X= 92.15
-23.74844

X= -3.88025

X= 21.1197
 IMPORTE
FLUJO DE TASA DE
AÑO DESCONTAD
CAJA DESCUENTO O

0 - 100.00 1- 100.00
1 - 10.00 0.825629522 - 8.26
2 25.00 0.681664107 17.04
3 25.00 0.562802011 14.07
4 35.00 0.464665955 16.26
5 35.00 0.38364193 13.43
6 35.00 0.316746104 11.09
7 35.00 0.261514934 9.15
8 50.00 0.21591445 10.80
9 35.00 0.178265344 6.24
10 50.00 0.147181131 7.36
215.00 - 2.82

VAN - 2.82
 TASA DE IMPORTE
AÑO FLUJO DE CAJA
DESCUENTO DESCONTADO

0 - 61,500.00 1- 61,500.00
1 12,045.00 0.8928571429 10,754.46
2 11,890.00 0.7971938776 9,478.64
3 10,000.00 0.7117802478 7,117.80
4 11,345.00 0.6355180784 7,209.95
5 10,456.00 0.5674268557 5,933.02 VAN=
6 8,000.00 0.5066311212 4,053.05

2,236.00 - 21,006.13
VAN =

VAN - 21,006.13
Dado el siguiente flujo a una TEA de 12% Calcular
el VAN, teniendo en cuenta que el importe esté
reportado en miles de Dólares

Años 0 1 2 3 4 5 6

-$61,500 $12,045 $11,890 $10,000 $11,345 $10,456 $ 8,000

61,500 + 12,045 + 11,890 + 10,000 + 11,345 + 10,456 + 8,000

(1.12)^(0) (1.12)^(1) (1.12)^(2) (1.12)^(3) (1.12)^(4) (1.12)^(5) (1.12)^(6)

- 21,006.13
 Dado el siguien
rendimiento de
teniendo en cu
reportado en m

Años 0
FLUJO DE TASA DE IMPORTE
AÑO
CAJA DESCUENTO DESCONTADO

-$11,000
0 - 11,000.00 1- 11,000.00
1 2,045.00 0.9090909091 1,859.09
2 1,890.00 0.826446281 1,561.98
3 1,000.00 0.7513148009 751.31
4 1,345.00 0.6830134554 918.65
5 1,456.00 0.6209213231 904.06
6 1,500.00 0.5644739301 846.71
7 1,750.00 0.5131581182 898.03 VAN= - 11,000 +
8 2,050.00 0.4665073802 956.34 (1.10)^(0)

2,036.00 - 2,303.82
VAN = - 2,303.82

VAN - 2,303.82
 ado el siguiente flujo a una Tasa de
endimiento de 10% Calcular el VAN,
eniendo en cuenta que el importe esté
eportado en miles de Dólares

1 2 3 4 5 6 7 8

$2,045 $1,890 $1,000 $1,345 $1,456 $ 1,500 $ 1,750 $ 2,050

2,045 + 1,890 + 1,000 + 1,345 + 1,456 + 1,500 + 1,750 + 2,050

(1.10)^(1) (1.10)^(2) (1.10)^(3) (1.10)^(4) (1.10)^(5) (1.10)^(6) (1.10)^(6) (1.10)^(6)