% 5.00% % 5.00% % 5.

00%
n 1 n 2 n 3
Pago Pago Pago
Va 89,047.62 € Va 87,528.34 € Va 85,951.84 €
Vf 93500 Vf 96500 Vf 99500

50000 50000 50000

143500 146500 149500

0.002

% 0.06% 25000
n 18
Pago
Va 25000
Vf 25,279.44 €

% 0.07% % 0.07% % 0.07%

n 65 n 85 n 50
Pago Pago Pago
Va 20860 Va 37500 Va 91000
Vf 21,830.71 € Vf 39,798.14 € Vf 94,240.24 €

% 0.07% % 0.07% % 0.07%

n 55 n 85 n 50
Pago Pago Pago
Va 20860 Va 37500 Va 91000
Vf 21,678.48 € Vf 39,798.14 € Vf 94,240.24 €
0.07%
Tasa efectiva anual = Cok 20%

Año 0 Año 1 Año 2 Año 3 Año 4

Ingresos $5,000,000.00 $5,000,000.00 $5,000,000.00 $5,000,000.00
Costos $6,000,000.00 $2,640,000.00 $2,640,000.00 $2,640,000.00 $2,640,000.00

Flujo Neto $-6,000,000.00 $2,360,000.00 $2,360,000.00 $2,360,000.00 $2,360,000.00

TIR 33%
Cok 20%
VPN $8,761,278.92
VAN $2,761,278.92
 Año 5
$5,000,000.00 $5,000,000.00 $5,000,000.00 $5,000,000.00 $5,000,000.00 $5,000,000.00
$2,640,000.00 $2,640,000.00 $2,640,000.00 $2,640,000.00 $2,640,000.00 $2,640,000.00
$3,000,000.00 $450,000.00
$-640,000.00 $2,360,000.00 $2,360,000.00 $2,360,000.00 $2,360,000.00 $2,810,000.00