De acuerdo a tus datos, tus ventas mensuales para los tres primeros aos seran:

$1,800,000.00
$1,600,000.00
$1,400,000.00
$1,200,000.00
$1,000,000.00
$800,000.00
$600,000.00
$400,000.00
$200,000.00
$-

11

13

15

17

19

21

23

25

27

29

31

33

35

35

Sueldos y Salarios:
Selecciona puesto:

Sueldo
Mensual
Nominal

Nmero de
puestos

Sueldo Anual

Total Nmina

Comisin Mensual
Nominal por
Sueldo base +
puesto
(%
comisiones
de ventas)

7,000.00

84,000.00

84,000.00

0.00%

7,000.00

3,000.00

36,000.00

36,000.00

0.00%

3,000.00

3,000.00

36,000.00

108,000.00

0.00%

3,000.00

1,500.00

18,000.00

36,000.00

10.00%

28,861.95

6,000.00

72,000.00

72,000.00

0.00%

6,000.00

0.00%

0.00%

0.00%

0.00%

0.00%

Total Mensual
Gastos fijos
Gastos fijos mensuales oficina
Renta (m)
Luz
Agua
Comunicaciones
Seguros y fianzas
Seguridad
Papelera y gastos de
oficina
Otros
SubTotal gastos fijos

$
$
$
$
$
$

3,000.00
300.00
300.00
1,500.00
-

$
$

800.00
2,000.00

7,900.00

Gastos variables de produccin para el primer mes:

Costos Unitarios
Costo del Producto 1
Inventario requerido para
el segundo mes, % de
ventas estimadas

Total Gastos Variables

2,280.00
5%

71,820.00

Gastos de instalacin oficinas corporativas:

Necesitas hacer ms gastos de instalacin? OPCIONAL

Primer mes:
Terreno
Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Computadoras y
maquinas
Otros
Total gastos de
instalacin

5,000
150,000

$
$
$
$

$
$
$
$

$
$
$
$

20,000

$
$

30,000
5,000

$
$

$
$

210,000

$
$
$

Cuentas por Cobrar:

Determina tus ventas a crdito:
Del total de tus ventas, qu porcentaje se vende a crdito?

60%

Con estos datos, tus ventas a contado son:

40%

Determina el plazo promedio de cobro:

Del total de tus ventas a crdito, a qu plazo estas vendiendo?
Se asume constante para todos los periodos, productos, servicios y puntos de venta.

Inventarios:
Determina el monto de inventarios requeridos para cada periodo:
Tu inventario para el siguiente periodo es del
5.0%
de las ventas.
Viene de la hoja de "Gastos"
Se asume constante para todos los meses, para todos los prductos, para todos los servicios

Cuentas por Pagar:

Determina tus compras a crdito:
Del total de tus compras, qu porcentaje se compra a crdito?
Con estos datos, tus compras a contado son:
Determina el plazo promedio de pago:

Del total de tus compras a crdito, a qu plazo estas pagando?

Se asume constante para todos los periodos.

0%
100%

Esta hoja describe tus fuentes de financiamiento:

De acuerdo a tus datos, para el primer mes:
Tu empresa:

REQUIERE

financiamiento.

El monto de la inversin inicial es:

$206,439

Asume un 10% adicional.

Es importante determinar de donde se obtienen los fondos.

Existen dos fuentes principales, deuda y capital.
Deuda se divide en deuda de corto plazo y de largo plazo.
Capital se divide en capital propio y capital externo.

Determina, del total de la inversin inicial requerida:

Inversin que se debe conseguir:
Cunto se financa con capital propio?
Cunto se financa con capital externo?
Cunto se financa con deuda a corto plazo?
Cunto se financa con deuda a largo plazo?

$0
$20,000
$190,000
$0
$0
TOTAL:

$210,000

n 10% adicional.

Mes 1

Mes 2

Mes 3

Mes 4

Mes 5

Mes 6

Mes 7

Mes 8

ING. EN VIGILACIA.
Estado de Resultados:
Ingresos:
Nacional:
Ingresos por productos
Total Ingresos

$248,745
$273,620

$257,616
$283,378

$266,804
$293,485

$276,320
$303,952

$286,175
$314,792

$296,381
$326,019

$309,932
$340,925

$324,102
$356,512

Egresos:
Gastos fijos
Sueldos y salarios
Gastos Variables
Otros (Gtos de Venta, etc.)
Total costos

$7,900
$82,724
$71,820
$0
$162,444

$7,924
$84,676
$76,194
$0
$168,793

$7,947
$86,697
$78,480
$0
$173,124

$7,971
$88,790
$80,834
$0
$177,596

$7,995
$90,958
$83,259
$0
$182,213

$8,019
$93,204
$85,757
$0
$186,980

$8,043
$96,185
$89,187
$0
$193,415

$8,067
$99,302
$92,755
$0
$200,124

Ebitda
Depreciacin y Amortizacin
Utilidad (perdida) de Operacin
Gastos financieros corto plazo
Gastos financieros largo plazo
Utilidad antes de impuestos
ISR (35%)
PTU (10%)
Utilidad (prdida neta)
Margen de utilidades netas:

$111,176
$1,750
$112,926
$0
$0
$112,926
$39,524
$11,293
$62,109
22.70%

$114,585
$1,750
$116,335
$0
$0
$116,335
$40,717
$11,633
$63,984
22.58%

$120,361
$1,750
$122,111
$0
$0
$122,111
$42,739
$12,211
$67,161
22.88%

$126,356
$1,750
$128,106
$0
$0
$128,106
$44,837
$12,811
$70,458
23.18%

$132,580
$1,750
$134,330
$0
$0
$134,330
$47,015
$13,433
$73,881
23.47%

$139,040
$1,750
$140,790
$0
$0
$140,790
$49,276
$14,079
$77,434
23.75%

$147,510
$1,750
$149,260
$0
$0
$149,260
$52,241
$14,926
$82,093
24.08%

$156,388
$1,750
$158,138
$0
$0
$158,138
$55,348
$15,814
$86,976
24.40%

$22,328
$27,362
$14,169
$63,859

$86,581
$28,338
$14,674
$129,593

$153,958
$29,348
$15,198
$198,504

$224,578
$30,395
$15,740
$270,713

$298,564
$31,479
$16,301
$346,344

$375,880
$32,602
$17,046
$425,528

$457,453
$34,093
$17,826
$509,371

$543,805
$35,651
$18,641
$598,097

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

ING. EN VIGILACIA.
Balance General
Activo circulante
Caja y bancos
Clientes
Inventarios.
Total activo circulante
Activo Fijo
Terreno
Edificio

Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Computadoras y maquinas
Otros
Depreciacin acumulada:
Total activo fijo

$4,958
$148,750
$19,833
$29,750
$4,958
-$1,750
$208,250

$4,917
$147,500
$19,667
$29,500
$4,917
-$3,500
$206,500

$4,875
$146,250
$19,500
$29,250
$4,875
-$5,250
$204,750

$4,833
$145,000
$19,333
$29,000
$4,833
-$7,000
$203,000

$4,792
$143,750
$19,167
$28,750
$4,792
-$8,750
$201,250

$4,750
$142,500
$19,000
$28,500
$4,750
-$10,500
$199,500

$4,708
$141,250
$18,833
$28,250
$4,708
-$12,250
$197,750

$4,667
$140,000
$18,667
$28,000
$4,667
-$14,000
$196,000

Activo total

$272,109

$336,093

$403,254

$473,713

$547,594

$625,028

$707,121

$794,097

Pasivo Circulante
Proveedores
Crditos bancarios
Total pasivo circulante

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

Pasivo largo plazo

$0

$0

$0

$0

$0

$0

$0

$0

Pasivo total

$0

$0

$0

$0

$0

$0

$0

$0

Capital Contable
Capital social
Resultados de ejercicios anteriores
Resultado del ejercicio
Total Capital Contable

$210,000
$0
$62,109
$272,109

$210,000
$62,109
$63,984
$336,093

$210,000
$126,093
$67,161
$403,254

$210,000
$193,254
$70,458
$473,713

$210,000
$263,713
$73,881
$547,594

$210,000
$337,594
$77,434
$625,028

$210,000
$415,028
$82,093
$707,121

$210,000
$497,121
$86,976
$794,097

Pasivo + Capital

$272,109

$336,093

$403,254

$473,713

$547,594

$625,028

$707,121

$794,097

$62,109
-$1,750
$63,859

$63,984
-$1,750
$65,734

$67,161
-$1,750
$68,911

$70,458
-$1,750
$72,208

$73,881
-$1,750
$75,631

$77,434
-$1,750
$79,184

$82,093
-$1,750
$83,843

$86,976
-$1,750
$88,726

-$27,362
-$14,169
-$41,531

-$976
-$505
-$1,481

-$1,011
-$523
-$1,534

-$1,047
-$542
-$1,589

-$1,084
-$561
-$1,645

-$1,123
-$745
-$1,868

-$1,491
-$779
-$2,270

-$1,559
-$815
-$2,374

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

ING. EN VIGILACIA.
Flujo de Efectivo
Utilidad neta
+ depreciacin y amortizacin
Generacin bruta de efectivo
Usos Operativos
Financiamiento a cuentas por cobrar
Financiamiento a inventarios
Total usos operativos
Fuentes Operativas
Financiamiento (amort.) proveedores
Total fuentes operativas

Generacin Neta Operativa

$22,328

$64,253

$67,377

$70,620

$73,986

$77,316

$81,573

$86,352

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$22,328

$0
$64,253

$0
$67,377

$0
$70,620

$0
$73,986

$0
$77,316

$0
$81,573

$0
$86,352

$0
$22,328

$22,328
$86,581

$86,581
$153,958

$153,958
$224,578

$224,578
$298,564

$298,564
$375,880

$375,880
$457,453

$457,453
$543,805

131.39%
100.56%
59.37%

137.23%
84.32%
59.56%

143.34%
72.78%
58.99%

149.73%
64.16%
58.43%

156.42%
57.49%
57.88%

163.42%
52.16%
57.35%

172.40%
48.21%
56.73%

181.89%
44.90%
56.13%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

40.63%
22.70%

40.44%
22.58%

41.01%
22.88%

41.57%
23.18%

42.12%
23.47%

42.65%
23.75%

43.27%
24.08%

43.87%
24.40%

$0

$0

$0

$0

$0

$0

$0

$0

Fuentes de Instituciones de Crdito

Financ. (amort.) crditos bancarios corto plazo
$0
Financ. (amort.) crditos bancarios largo plazo
$0
Financiamiento neto con costo
$0
Usos no operativos
Venta (inversin) en activos fijos
-$210,000
Venta (inversin) en activos diferidos
$0
Pago de dividendos
$0
Total de usos no operativos
-$210,000
Fuentes no operativas
Aportaciones (retiros) de capital
$210,000
Total fuentes no operativas
$210,000
Generacin de flujo no operativa
Generacin Neta de Flujo de Efectivo
Caja inicial
Caja final

Razones Financieras
Actividad
Ventas netas a activos fijos
Ventas netas a capital contable
Gastos a ventas netas
Apalancamiento
Pasivo total a capital contable
Productividad
Utilidad de operacin a ventas netas
Utilidad neta a ventas netas

Integracin de activos fijos

1. Valor de activos fijos

Terreno

Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Computadoras y maquinas
Otros
Propiedades, planta y equipo

$0
$4,958
$148,750
$19,833
$29,750
$4,958
$208,250

$0
$4,917
$147,500
$19,667
$29,500
$4,917
$206,500

$0
$4,875
$146,250
$19,500
$29,250
$4,875
$204,750

$0
$4,833
$145,000
$19,333
$29,000
$4,833
$203,000

$0
$4,792
$143,750
$19,167
$28,750
$4,792
$201,250

$0
$4,750
$142,500
$19,000
$28,500
$4,750
$199,500

$0
$4,708
$141,250
$18,833
$28,250
$4,708
$197,750

$0
$4,667
$140,000
$18,667
$28,000
$4,667
$196,000

2. Inversin ($) en activos fijos

Terreno
Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Maquinaria
Otros
Inversin total

$0
$0
$5,000
$150,000
$20,000
$30,000
$5,000
$210,000

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

Depreciacin activos fijos ($)

Terreno
Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Maquinaria
Otros
Depreciacin acumulada
Depreciacin Mensual

$0
$0
-$42
-$1,250
-$167
-$250
-$42
-$1,750
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$42
-$3,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$5,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$7,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$8,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$10,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$12,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$14,000.00
-$1,750

Depreciacin (%)
Terreno
Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Maquinaria
Otros

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

Inflacin Mxico mensual

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

Mes 9

Mes 10

Mes 11

AO 1
Acumulado

Mes 12

Mes 13

Mes 14

Mes 15

Mes 16

Mes 17

Mes 18

Mes 19

$338,920
$372,812

$354,415
$389,857

$370,619
$407,681

$387,564
$426,320

$3,717,594
$4,089,354

$405,283
$445,812

$423,813
$466,194

$443,190
$487,509

$463,452
$509,797

$484,641
$533,105

$506,799
$557,479

$535,066
$588,572

$8,092
$102,562
$96,465
$0
$207,119

$8,116
$105,971
$100,323
$0
$214,411

$8,140
$109,536
$104,336
$0
$222,013

$8,165
$113,264
$108,510
$0
$229,938

$96,380
$1,153,871
$1,067,919
$0
$2,318,170

$8,189
$206,572
$112,850
$0
$327,611

$8,214
$210,648
$117,364
$0
$336,226

$8,238
$214,911
$122,059
$0
$345,208

$8,263
$219,369
$126,941
$0
$354,573

$8,288
$224,031
$132,019
$0
$364,337

$8,313
$228,905
$137,299
$0
$374,517

$8,338
$235,124
$144,164
$0
$387,626

$165,693
$1,750
$167,443
$0
$0
$167,443
$58,605
$16,744
$92,094
24.70%

$175,446
$1,750
$177,196
$0
$0
$177,196
$62,019
$17,720
$97,458
25.00%

$185,668
$1,750
$187,418
$0
$0
$187,418
$65,596
$18,742
$103,080
25.28%

$196,382
$1,750
$198,132
$0
$0
$198,132
$69,346
$19,813
$108,973
25.56%

$1,771,184
$21,000
$1,792,184
$0
$0
$1,792,184
$627,264
$179,218
$985,701
24.10%

$118,201
$1,750
$119,951
$0
$0
$119,951
$41,983
$11,995
$65,973
14.80%

$129,968
$1,750
$131,718
$0
$0
$131,718
$46,101
$13,172
$72,445
15.54%

$142,300
$1,750
$144,050
$0
$0
$144,050
$50,418
$14,405
$79,228
16.25%

$155,224
$1,750
$156,974
$0
$0
$156,974
$54,941
$15,697
$86,336
16.94%

$168,768
$1,750
$170,518
$0
$0
$170,518
$59,681
$17,052
$93,785
17.59%

$182,962
$1,750
$184,712
$0
$0
$184,712
$64,649
$18,471
$101,591
18.22%

$200,946
$1,750
$202,696
$0
$0
$202,696
$70,944
$20,270
$111,483
18.94%

$635,166
$37,281
$19,493
$691,940

$731,779
$38,986
$20,384
$791,148

$833,894
$40,768
$21,316
$895,979

$941,778
$42,632
$22,291
$1,006,701

$941,778
$42,632
$22,291
$1,006,701

$1,006,533
$44,581
$23,310
$1,074,424

$1,077,624
$46,619
$24,375
$1,148,619

$1,155,356
$48,751
$25,490
$1,229,596

$1,240,047
$50,980
$26,655
$1,317,682

$1,332,033
$53,311
$27,874
$1,413,217

$1,431,382
$55,748
$29,429
$1,516,559

$1,539,864
$58,857
$31,070
$1,629,792

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$4,625
$138,750
$18,500
$27,750
$4,625
-$15,750
$194,250

$4,583
$137,500
$18,333
$27,500
$4,583
-$17,500
$192,500

$4,542
$136,250
$18,167
$27,250
$4,542
-$19,250
$190,750

$4,500
$135,000
$18,000
$27,000
$4,500
-$21,000
$189,000

$4,500
$135,000
$18,000
$27,000
$4,500
-$21,000
$189,000

$4,458
$133,750
$17,833
$26,750
$4,458
-$22,750
$187,250

$4,417
$132,500
$17,667
$26,500
$4,417
-$24,500
$185,500

$4,375
$131,250
$17,500
$26,250
$4,375
-$26,250
$183,750

$4,333
$130,000
$17,333
$26,000
$4,333
-$28,000
$182,000

$4,292
$128,750
$17,167
$25,750
$4,292
-$29,750
$180,250

$4,250
$127,500
$17,000
$25,500
$4,250
-$31,500
$178,500

$4,208
$126,250
$16,833
$25,250
$4,208
-$33,250
$176,750

$886,190

$983,648

$1,086,729

$1,195,701

$1,195,701

$1,261,674

$1,334,119

$1,413,346

$1,499,682

$1,593,467

$1,695,059

$1,806,542

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$210,000
$584,097
$92,094
$886,190

$210,000
$676,190
$97,458
$983,648

$210,000
$773,648
$103,080
$1,086,729

$210,000
$876,729
$108,973
$1,195,701

$210,000
$876,729
$108,973
$1,195,701

$210,000
$985,701
$65,973
$1,261,674

$210,000
$1,051,674
$72,445
$1,334,119

$210,000
$1,124,119
$79,228
$1,413,346

$210,000
$1,203,346
$86,336
$1,499,682

$210,000
$1,289,682
$93,785
$1,593,467

$210,000
$1,383,467
$101,591
$1,695,059

$210,000
$1,485,059
$111,483
$1,806,542

$886,190

$983,648

$1,086,729

$1,195,701

$1,195,701

$1,261,674

$1,334,119

$1,413,346

$1,499,682

$1,593,467

$1,695,059

$1,806,542

$92,094
-$1,750
$93,844

$97,458
-$1,750
$99,208

$103,080
-$1,750
$104,830

$108,973
-$1,750
$110,723

$985,701
-$1,750
$987,451

$65,973
-$1,750
$67,723

$72,445
-$1,750
$74,195

$79,228
-$1,750
$80,978

$86,336
-$1,750
$88,086

$93,785
-$1,750
$95,535

$101,591
-$1,750
$103,341

$111,483
-$1,750
$113,233

-$1,630
-$852
-$2,482

-$1,704
-$891
-$2,596

-$1,782
-$932
-$2,714

-$1,864
-$975
-$2,838

$0
$0
$0

-$1,949
-$1,019
-$2,968

-$2,038
-$1,066
-$3,104

-$2,131
-$1,114
-$3,246

-$2,229
-$1,165
-$3,394

-$2,331
-$1,219
-$3,549

-$2,437
-$1,555
-$3,992

-$3,109
-$1,641
-$4,751

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$91,362

$96,612

$102,116

$107,884

$987,451

$64,755

$71,091

$77,732

$84,692

$91,986

$99,349

$108,482

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

-$210,000
$0
$0
-$210,000

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$210,000
$210,000

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$91,362

$0
$96,612

$0
$102,116

$0
$107,884

$0
$987,451

$0
$64,755

$0
$71,091

$0
$77,732

$0
$84,692

$0
$91,986

$0
$99,349

$0
$108,482

$543,805
$635,166

$635,166
$731,779

$731,779
$833,894

$833,894
$941,778

$941,778
$1,929,230

$941,778
$1,006,533

$1,006,533
$1,077,624

$1,077,624
$1,155,356

$1,155,356
$1,240,047

$1,240,047
$1,332,033

$1,332,033
$1,431,382

$1,431,382
$1,539,864

191.92%
42.07%
55.56%

202.52%
39.63%
55.00%

213.73%
37.51%
54.46%

225.57%
35.65%
53.94%

2163.68%
342.00%
56.69%

238.08%
35.33%
73.49%

251.32%
34.94%
72.12%

265.31%
34.49%
70.81%

280.11%
33.99%
69.55%

295.76%
33.46%
68.34%

312.31%
32.89%
67.18%

333.00%
32.58%
65.86%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

44.44%
24.70%

45.00%
25.00%

45.54%
25.28%

46.06%
25.56%

43.31%
24.10%

26.51%
14.80%

27.88%
15.54%

29.19%
16.25%

30.45%
16.94%

31.66%
17.59%

32.82%
18.22%

34.14%
18.94%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$4,625
$138,750
$18,500
$27,750
$4,625
$194,250

$0
$4,583
$137,500
$18,333
$27,500
$4,583
$192,500

$0
$4,542
$136,250
$18,167
$27,250
$4,542
$190,750

$0
$4,500
$135,000
$18,000
$27,000
$4,500
$189,000

$0
$4,500
$135,000
$18,000
$27,000
$4,500
$189,000

$0
$4,458
$133,750
$17,833
$26,750
$4,458
$187,250

$0
$4,417
$132,500
$17,667
$26,500
$4,417
$185,500

$0
$4,375
$131,250
$17,500
$26,250
$4,375
$183,750

$0
$4,333
$130,000
$17,333
$26,000
$4,333
$182,000

$0
$4,292
$128,750
$17,167
$25,750
$4,292
$180,250

$0
$4,250
$127,500
$17,000
$25,500
$4,250
$178,500

$0
$4,208
$126,250
$16,833
$25,250
$4,208
$176,750

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$5,000
$150,000
$20,000
$30,000
$5,000
$210,000

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$15,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$17,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$19,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$21,000.00
-$1,750

$0
$0
-$500
-$15,000
-$2,000
-$3,000
-$500
-$21,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$22,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$24,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$26,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$28,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$29,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$31,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$33,250.00
-$1,750

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

Mes 20

Mes 21

Mes 22

Mes 23

AO 2
Acumulado

Mes 24

Mes 25

Mes 26

Mes 27

Mes 28

Mes 29

Mes 30

$564,909
$621,400

$596,417
$656,059

$629,682
$692,650

$664,803
$731,283

$701,882
$772,070

$6,419,937
$7,061,931

$741,029
$815,132

$782,360
$860,596

$825,996
$908,596

$880,372
$968,409

$938,327
$1,032,159

$1,000,097
$1,100,106

$8,363
$241,690
$151,373
$0
$401,425

$8,388
$248,621
$158,941
$0
$415,950

$8,413
$255,940
$166,888
$0
$431,241

$8,438
$263,666
$175,233
$0
$447,337

$8,463
$271,824
$183,994
$0
$464,281

$99,907
$2,821,300
$1,729,126
$0
$4,650,334

$8,489
$280,436
$193,194
$0
$482,119

$8,514
$289,529
$202,854
$0
$500,897

$8,540
$299,129
$212,997
$0
$520,665

$8,565
$311,091
$225,776
$0
$545,433

$8,591
$323,841
$239,323
$0
$571,755

$8,617
$337,431
$253,682
$0
$599,730

$219,975
$1,750
$221,725
$0
$0
$221,725
$77,604
$22,173
$121,949
19.62%

$240,108
$1,750
$241,858
$0
$0
$241,858
$84,650
$24,186
$133,022
20.28%

$261,409
$1,750
$263,159
$0
$0
$263,159
$92,106
$26,316
$144,738
20.90%

$283,946
$1,750
$285,696
$0
$0
$285,696
$99,994
$28,570
$157,133
21.49%

$307,789
$1,750
$309,539
$0
$0
$309,539
$108,339
$30,954
$170,246
22.05%

$2,411,597
$21,000
$2,432,597
$0
$0
$2,432,597
$851,409
$243,260
$1,337,928
18.95%

$333,013
$1,750
$334,763
$0
$0
$334,763
$117,167
$33,476
$184,120
22.59%

$359,699
$1,750
$361,449
$0
$0
$361,449
$126,507
$36,145
$198,797
23.10%

$387,931
$1,750
$389,681
$0
$0
$389,681
$136,388
$38,968
$214,325
23.59%

$422,976
$1,750
$424,726
$0
$0
$424,726
$148,654
$42,473
$233,599
24.12%

$460,404
$1,750
$462,154
$0
$0
$462,154
$161,754
$46,215
$254,185
24.63%

$500,376
$1,750
$502,126
$0
$0
$502,126
$175,744
$50,213
$276,170
25.10%

$1,658,548
$62,140
$32,803
$1,753,490

$1,788,024
$65,606
$34,633
$1,888,263

$1,928,921
$69,265
$36,564
$2,034,750

$2,081,901
$73,128
$38,604
$2,193,633

$2,247,666
$77,207
$40,757
$2,365,629

$2,247,666
$77,207
$40,757
$2,365,629

$2,426,956
$81,513
$43,030
$2,551,499

$2,620,557
$86,060
$45,430
$2,752,046

$2,828,841
$90,860
$48,420
$2,968,121

$3,055,021
$96,841
$51,608
$3,203,470

$3,301,183
$103,216
$55,005
$3,459,405

$3,568,687
$110,011
$58,626
$3,737,324

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$4,167
$125,000
$16,667
$25,000
$4,167
-$35,000
$175,000

$4,125
$123,750
$16,500
$24,750
$4,125
-$36,750
$173,250

$4,083
$122,500
$16,333
$24,500
$4,083
-$38,500
$171,500

$4,042
$121,250
$16,167
$24,250
$4,042
-$40,250
$169,750

$4,000
$120,000
$16,000
$24,000
$4,000
-$42,000
$168,000

$4,000
$120,000
$16,000
$24,000
$4,000
-$42,000
$168,000

$3,958
$118,750
$15,833
$23,750
$3,958
-$43,750
$166,250

$3,917
$117,500
$15,667
$23,500
$3,917
-$45,500
$164,500

$3,875
$116,250
$15,500
$23,250
$3,875
-$47,250
$162,750

$3,833
$115,000
$15,333
$23,000
$3,833
-$49,000
$161,000

$3,792
$113,750
$15,167
$22,750
$3,792
-$50,750
$159,250

$3,750
$112,500
$15,000
$22,500
$3,750
-$52,500
$157,500

$1,928,490

$2,061,513

$2,206,250

$2,363,383

$2,533,629

$2,533,629

$2,717,749

$2,916,546

$3,130,871

$3,364,470

$3,618,655

$3,894,824

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$210,000
$1,596,542
$121,949
$1,928,490

$210,000
$1,718,490
$133,022
$2,061,513

$210,000
$1,851,513
$144,738
$2,206,250

$210,000
$1,996,250
$157,133
$2,363,383

$210,000
$2,153,383
$170,246
$2,533,629

$210,000
$2,153,383
$170,246
$2,533,629

$210,000
$2,323,629
$184,120
$2,717,749

$210,000
$2,507,749
$198,797
$2,916,546

$210,000
$2,706,546
$214,325
$3,130,871

$210,000
$2,920,871
$233,599
$3,364,470

$210,000
$3,154,470
$254,185
$3,618,655

$210,000
$3,408,655
$276,170
$3,894,824

$1,928,490

$2,061,513

$2,206,250

$2,363,383

$2,533,629

$2,533,629

$2,717,749

$2,916,546

$3,130,871

$3,364,470

$3,618,655

$3,894,824

$121,949
-$1,750
$123,699

$133,022
-$1,750
$134,772

$144,738
-$1,750
$146,488

$157,133
-$1,750
$158,883

$170,246
-$1,750
$171,996

$1,337,928
-$3,500
$1,341,428

$184,120
-$1,750
$185,870

$198,797
-$1,750
$200,547

$214,325
-$1,750
$216,075

$233,599
-$1,750
$235,349

$254,185
-$1,750
$255,935

$276,170
-$1,750
$277,920

-$3,283
-$1,733
-$5,016

-$3,466
-$1,830
-$5,295

-$3,659
-$1,932
-$5,591

-$3,863
-$2,039
-$5,903

-$4,079
-$2,153
-$6,232

$0
$0
$0

-$4,306
-$2,273
-$6,579

-$4,546
-$2,400
-$6,946

-$4,800
-$2,991
-$7,791

-$5,981
-$3,188
-$9,169

-$6,375
-$3,397
-$9,772

-$6,795
-$3,621
-$10,416

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$118,683

$129,477

$140,897

$152,980

$165,764

$1,341,428

$179,290

$193,601

$208,284

$226,180

$246,162

$267,504

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$118,683

$0
$129,477

$0
$140,897

$0
$152,980

$0
$165,764

$0
$1,341,428

$0
$179,290

$0
$193,601

$0
$208,284

$0
$226,180

$0
$246,162

$0
$267,504

$1,539,864
$1,658,548

$1,658,548
$1,788,024

$1,788,024
$1,928,921

$1,928,921
$2,081,901

$2,081,901
$2,247,666

$2,247,666
$3,589,094

$2,247,666
$2,426,956

$2,426,956
$2,620,557

$2,620,557
$2,828,841

$2,828,841
$3,055,021

$3,055,021
$3,301,183

$3,301,183
$3,568,687

355.09%
32.22%
64.60%

378.68%
31.82%
63.40%

403.88%
31.39%
62.26%

430.80%
30.94%
61.17%

459.57%
30.47%
60.13%

4203.53%
278.73%
65.85%

490.31%
29.99%
59.15%

523.16%
29.51%
58.20%

558.28%
29.02%
57.30%

601.50%
28.78%
56.32%

648.14%
28.52%
55.39%

698.48%
28.25%
54.52%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

35.40%
19.62%

36.60%
20.28%

37.74%
20.90%

38.83%
21.49%

39.87%
22.05%

34.15%
18.95%

40.85%
22.59%

41.80%
23.10%

42.70%
23.59%

43.68%
24.12%

44.61%
24.63%

45.48%
25.10%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$4,167
$125,000
$16,667
$25,000
$4,167
$175,000

$0
$4,125
$123,750
$16,500
$24,750
$4,125
$173,250

$0
$4,083
$122,500
$16,333
$24,500
$4,083
$171,500

$0
$4,042
$121,250
$16,167
$24,250
$4,042
$169,750

$0
$4,000
$120,000
$16,000
$24,000
$4,000
$168,000

$0
$4,000
$120,000
$16,000
$24,000
$4,000
$168,000

$0
$3,958
$118,750
$15,833
$23,750
$3,958
$166,250

$0
$3,917
$117,500
$15,667
$23,500
$3,917
$164,500

$0
$3,875
$116,250
$15,500
$23,250
$3,875
$162,750

$0
$3,833
$115,000
$15,333
$23,000
$3,833
$161,000

$0
$3,792
$113,750
$15,167
$22,750
$3,792
$159,250

$0
$3,750
$112,500
$15,000
$22,500
$3,750
$157,500

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$35,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$36,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$38,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$40,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$42,000.00
-$1,750

$0
$0
-$500
-$15,000
-$2,000
-$3,000
-$500
-$42,000.00
-$3,500

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$43,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$45,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$47,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$49,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$50,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$52,500.00
-$1,750

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

AO 3
Acumulado

Mes 31

Mes 32

Mes 33

Mes 34

Mes 35

Mes 36

Mes 37

Mes 38

Mes 39

Mes 40

Mes 41

$1,065,933
$1,172,526

$1,136,103
$1,249,714

$1,210,893
$1,331,983

$1,290,606
$1,419,667

$1,375,567
$1,513,124

$1,466,120
$1,612,733

$12,713,405
$13,984,745

$1,480,782
$1,628,860

$1,495,589
$1,645,148

$1,510,545
$1,661,600

$1,525,651
$1,678,216

$1,540,907
$1,694,998

$8,643
$351,915
$268,903
$0
$629,461

$8,669
$367,352
$285,037
$0
$661,058

$8,695
$383,806
$302,140
$0
$694,640

$8,721
$401,343
$320,268
$0
$730,332

$8,747
$420,034
$339,484
$0
$768,265

$8,773
$439,956
$359,853
$0
$808,582

$103,564
$4,205,863
$3,203,511
$0
$7,512,939

$8,800
$443,181
$363,452
$0
$815,433

$8,826
$446,439
$367,086
$0
$822,351

$8,852
$449,730
$370,757
$0
$829,339

$8,879
$453,053
$374,465
$0
$836,396

$8,906
$456,409
$378,209
$0
$843,524

$543,066
$1,750
$544,816
$0
$0
$544,816
$190,685
$54,482
$299,649
25.56%

$588,655
$1,750
$590,405
$0
$0
$590,405
$206,642
$59,041
$324,723
25.98%

$637,342
$1,750
$639,092
$0
$0
$639,092
$223,682
$63,909
$351,501
26.39%

$689,335
$1,750
$691,085
$0
$0
$691,085
$241,880
$69,109
$380,097
26.77%

$744,858
$1,750
$746,608
$0
$0
$746,608
$261,313
$74,661
$410,635
27.14%

$804,150
$1,750
$805,900
$0
$0
$805,900
$282,065
$80,590
$443,245
27.48%

$6,471,807
$21,000
$6,492,807
$0
$0
$6,492,807
$2,272,482
$649,281
$3,571,044
25.54%

$813,427
$1,750
$815,177
$0
$0
$815,177
$285,312
$81,518
$448,347
27.53%

$822,797
$1,750
$824,547
$0
$0
$824,547
$288,591
$82,455
$453,501
27.57%

$832,261
$1,750
$834,011
$0
$0
$834,011
$291,904
$83,401
$458,706
27.61%

$841,820
$1,750
$843,570
$0
$0
$843,570
$295,249
$84,357
$463,963
27.65%

$851,474
$1,750
$853,224
$0
$0
$853,224
$298,628
$85,322
$469,273
27.69%

$3,858,984
$117,253
$62,486
$4,038,723

$4,173,625
$124,971
$66,599
$4,365,196

$4,514,265
$133,198
$70,983
$4,718,446

$4,882,670
$141,967
$75,656
$5,100,293

$5,280,729
$151,312
$80,637
$5,512,678

$5,714,957
$161,273
$81,443
$5,957,673

$5,714,957
$161,273
$81,443
$5,957,673

$6,162,627
$162,886
$82,257
$6,407,770

$6,615,426
$164,515
$83,080
$6,863,021

$7,073,406
$166,160
$83,911
$7,323,477

$7,536,619
$167,822
$84,750
$7,789,190

$8,005,116
$169,500
$85,597
$8,260,214

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$3,708
$111,250
$14,833
$22,250
$3,708
-$54,250
$155,750

$3,667
$110,000
$14,667
$22,000
$3,667
-$56,000
$154,000

$3,625
$108,750
$14,500
$21,750
$3,625
-$57,750
$152,250

$3,583
$107,500
$14,333
$21,500
$3,583
-$59,500
$150,500

$3,542
$106,250
$14,167
$21,250
$3,542
-$61,250
$148,750

$3,500
$105,000
$14,000
$21,000
$3,500
-$63,000
$147,000

$3,500
$105,000
$14,000
$21,000
$3,500
-$63,000
$147,000

$3,458
$103,750
$13,833
$20,750
$3,458
-$64,750
$145,250

$3,417
$102,500
$13,667
$20,500
$3,417
-$66,500
$143,500

$3,375
$101,250
$13,500
$20,250
$3,375
-$68,250
$141,750

$3,333
$100,000
$13,333
$20,000
$3,333
-$70,000
$140,000

$3,292
$98,750
$13,167
$19,750
$3,292
-$71,750
$138,250

$4,194,473

$4,519,196

$4,870,696

$5,250,793

$5,661,428

$6,104,673

$6,104,673

$6,553,020

$7,006,521

$7,465,227

$7,929,190

$8,398,464

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$210,000
$3,684,824
$299,649
$4,194,473

$210,000
$3,984,473
$324,723
$4,519,196

$210,000
$4,309,196
$351,501
$4,870,696

$210,000
$4,660,696
$380,097
$5,250,793

$210,000
$5,040,793
$410,635
$5,661,428

$210,000
$5,451,428
$443,245
$6,104,673

$210,000
$5,451,428
$443,245
$6,104,673

$210,000
$5,894,673
$448,347
$6,553,020

$210,000
$6,343,020
$453,501
$7,006,521

$210,000
$6,796,521
$458,706
$7,465,227

$210,000
$7,255,227
$463,963
$7,929,190

$210,000
$7,719,190
$469,273
$8,398,464

$4,194,473

$4,519,196

$4,870,696

$5,250,793

$5,661,428

$6,104,673

$6,104,673

$6,553,020

$7,006,521

$7,465,227

$7,929,190

$8,398,464

$299,649
-$1,750
$301,399

$324,723
-$1,750
$326,473

$351,501
-$1,750
$353,251

$380,097
-$1,750
$381,847

$410,635
-$1,750
$412,385

$443,245
-$1,750
$444,995

$3,571,044
-$5,250
$3,576,294

$448,347
-$1,750
$450,097

$453,501
-$1,750
$455,251

$458,706
-$1,750
$460,456

$463,963
-$1,750
$465,713

$469,273
-$1,750
$471,023

-$7,242
-$3,859
-$11,101

-$7,719
-$4,113
-$11,832

-$8,227
-$4,384
-$12,611

-$8,768
-$4,673
-$13,441

-$9,346
-$4,980
-$14,326

-$9,961
-$806
-$10,767

$0
$0
$0

-$1,613
-$814
-$2,427

-$1,629
-$823
-$2,451

-$1,645
-$831
-$2,476

-$1,662
-$839
-$2,501

-$1,678
-$847
-$2,526

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$290,297

$314,641

$340,640

$368,406

$398,058

$434,228

$3,576,294

$447,670

$452,799

$457,980

$463,213

$468,498

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$290,297

$0
$314,641

$0
$340,640

$0
$368,406

$0
$398,058

$0
$434,228

$0
$3,576,294

$0
$447,670

$0
$452,799

$0
$457,980

$0
$463,213

$0
$468,498

$3,568,687
$3,858,984

$3,858,984
$4,173,625

$4,173,625
$4,514,265

$4,514,265
$4,882,670

$4,882,670
$5,280,729

$5,280,729
$5,714,957

$5,714,957
$9,291,250

$5,714,957
$6,162,627

$6,162,627
$6,615,426

$6,615,426
$7,073,406

$7,073,406
$7,536,619

$7,536,619
$8,005,116

752.83%
27.95%
53.68%

811.50%
27.65%
52.90%

874.87%
27.35%
52.15%

943.30%
27.04%
51.44%

1017.23%
26.73%
50.77%

1097.10%
26.42%
50.14%

9513.43%
229.08%
53.72%

1121.42%
24.86%
50.06%

1146.44%
23.48%
49.99%

1172.20%
22.26%
49.91%

1198.73%
21.17%
49.84%

1226.04%
20.18%
49.77%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

46.32%
25.56%

47.10%
25.98%

47.85%
26.39%

48.56%
26.77%

49.23%
27.14%

49.86%
27.48%

46.28%
25.54%

49.94%
27.53%

50.01%
27.57%

50.09%
27.61%

50.16%
27.65%

50.23%
27.69%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$3,708
$111,250
$14,833
$22,250
$3,708
$155,750

$0
$3,667
$110,000
$14,667
$22,000
$3,667
$154,000

$0
$3,625
$108,750
$14,500
$21,750
$3,625
$152,250

$0
$3,583
$107,500
$14,333
$21,500
$3,583
$150,500

$0
$3,542
$106,250
$14,167
$21,250
$3,542
$148,750

$0
$3,500
$105,000
$14,000
$21,000
$3,500
$147,000

$0
$3,500
$105,000
$14,000
$21,000
$3,500
$147,000

$0
$3,458
$103,750
$13,833
$20,750
$3,458
$145,250

$0
$3,417
$102,500
$13,667
$20,500
$3,417
$143,500

$0
$3,375
$101,250
$13,500
$20,250
$3,375
$141,750

$0
$3,333
$100,000
$13,333
$20,000
$3,333
$140,000

$0
$3,292
$98,750
$13,167
$19,750
$3,292
$138,250

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$54,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$56,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$57,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$59,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$61,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$63,000.00
-$1,750

$0
$0
-$500
-$15,000
-$2,000
-$3,000
-$500
-$63,000.00
-$5,250

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$64,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$66,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$68,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$70,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$71,750.00
-$1,750

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

AO 4
Acumulado

Mes 42

Mes 43

Mes 44

Mes 45

Mes 46

Mes 47

Mes 48

Mes 49

Mes 50

Mes 51

Mes 52

$1,556,316
$1,711,948

$1,571,880
$1,729,068

$1,587,598
$1,746,358

$1,603,474
$1,763,822

$1,619,509
$1,781,460

$1,635,704
$1,799,275

$1,652,061
$1,817,267

$18,780,018
$20,658,020

$1,660,322
$1,826,354

$1,668,623
$1,835,485

$1,676,966
$1,844,663

$1,685,351
$1,853,886

$8,932
$459,799
$381,991
$0
$850,723

$8,959
$463,223
$385,811
$0
$857,993

$8,986
$466,681
$389,669
$0
$865,337

$9,013
$470,174
$393,566
$0
$872,753

$9,040
$473,702
$397,502
$0
$880,243

$9,067
$477,264
$401,477
$0
$887,808

$9,094
$480,863
$405,492
$0
$895,449

$107,355
$5,540,518
$4,609,477
$0
$10,257,350

$9,122
$482,680
$407,519
$0
$899,321

$9,149
$484,507
$409,557
$0
$903,212

$9,176
$486,342
$411,604
$0
$907,123

$9,204
$488,187
$413,662
$0
$911,053

$861,225
$1,750
$862,975
$0
$0
$862,975
$302,041
$86,298
$474,636
27.72%

$871,074
$1,750
$872,824
$0
$0
$872,824
$305,488
$87,282
$480,053
27.76%

$881,022
$1,750
$882,772
$0
$0
$882,772
$308,970
$88,277
$485,524
27.80%

$891,069
$1,750
$892,819
$0
$0
$892,819
$312,487
$89,282
$491,050
27.84%

$901,217
$1,750
$902,967
$0
$0
$902,967
$316,038
$90,297
$496,632
27.88%

$911,466
$1,750
$913,216
$0
$0
$913,216
$319,626
$91,322
$502,269
27.92%

$921,819
$1,750
$923,569
$0
$0
$923,569
$323,249
$92,357
$507,963
27.95%

$10,400,670
$21,000
$10,421,670
$0
$0
$10,421,670
$3,647,585
$1,042,167
$5,731,919
27.75%

$927,033
$1,750
$928,783
$0
$0
$928,783
$325,074
$92,878
$510,831
27.97%

$932,273
$1,750
$934,023
$0
$0
$934,023
$326,908
$93,402
$513,713
27.99%

$937,540
$1,750
$939,290
$0
$0
$939,290
$328,751
$93,929
$516,609
28.01%

$942,833
$1,750
$944,583
$0
$0
$944,583
$330,604
$94,458
$519,521
28.02%

$8,478,952
$171,195
$86,453
$8,736,600

$8,958,179
$172,907
$87,318
$9,218,403

$9,442,851
$174,636
$88,191
$9,705,678

$9,933,023
$176,382
$89,073
$10,198,478

$10,428,750
$178,146
$89,964
$10,696,860

$10,930,088
$179,927
$90,863
$11,200,879

$11,437,547
$181,727
$91,318
$11,710,591

$11,437,547
$181,727
$91,318
$11,710,591

$11,948,762
$182,635
$91,774
$12,223,172

$12,462,853
$183,549
$92,233
$12,738,635

$12,979,834
$184,466
$92,694
$13,256,994

$13,499,719
$185,389
$93,158
$13,778,265

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$3,250
$97,500
$13,000
$19,500
$3,250
-$73,500
$136,500

$3,208
$96,250
$12,833
$19,250
$3,208
-$75,250
$134,750

$3,167
$95,000
$12,667
$19,000
$3,167
-$77,000
$133,000

$3,125
$93,750
$12,500
$18,750
$3,125
-$78,750
$131,250

$3,083
$92,500
$12,333
$18,500
$3,083
-$80,500
$129,500

$3,042
$91,250
$12,167
$18,250
$3,042
-$82,250
$127,750

$3,000
$90,000
$12,000
$18,000
$3,000
-$84,000
$126,000

$3,000
$90,000
$12,000
$18,000
$3,000
-$84,000
$126,000

$2,958
$88,750
$11,833
$17,750
$2,958
-$85,750
$124,250

$2,917
$87,500
$11,667
$17,500
$2,917
-$87,500
$122,500

$2,875
$86,250
$11,500
$17,250
$2,875
-$89,250
$120,750

$2,833
$85,000
$11,333
$17,000
$2,833
-$91,000
$119,000

$8,873,100

$9,353,153

$9,838,678

$10,329,728

$10,826,360

$11,328,629

$11,836,591

$11,836,591

$12,347,422

$12,861,135

$13,377,744

$13,897,265

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$210,000
$8,188,464
$474,636
$8,873,100

$210,000
$8,663,100
$480,053
$9,353,153

$210,000
$9,143,153
$485,524
$9,838,678

$210,000
$9,628,678
$491,050
$10,329,728

$210,000
$10,119,728
$496,632
$10,826,360

$210,000
$10,616,360
$502,269
$11,328,629

$210,000
$11,118,629
$507,963
$11,836,591

$210,000
$11,118,629
$507,963
$11,836,591

$210,000
$11,626,591
$510,831
$12,347,422

$210,000
$12,137,422
$513,713
$12,861,135

$210,000
$12,651,135
$516,609
$13,377,744

$210,000
$13,167,744
$519,521
$13,897,265

$8,873,100

$9,353,153

$9,838,678

$10,329,728

$10,826,360

$11,328,629

$11,836,591

$11,836,591

$12,347,422

$12,861,135

$13,377,744

$13,897,265

$474,636
-$1,750
$476,386

$480,053
-$1,750
$481,803

$485,524
-$1,750
$487,274

$491,050
-$1,750
$492,800

$496,632
-$1,750
$498,382

$502,269
-$1,750
$504,019

$507,963
-$1,750
$509,713

$5,731,919
-$7,000
$5,738,919

$510,831
-$1,750
$512,581

$513,713
-$1,750
$515,463

$516,609
-$1,750
$518,359

$519,521
-$1,750
$521,271

-$1,695
-$856
-$2,551

-$1,712
-$865
-$2,576

-$1,729
-$873
-$2,602

-$1,746
-$882
-$2,628

-$1,764
-$891
-$2,655

-$1,781
-$900
-$2,681

-$1,799
-$454
-$2,254

$0
$0
$0

-$909
-$457
-$1,365

-$913
-$459
-$1,372

-$918
-$461
-$1,379

-$922
-$463
-$1,386

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$473,835

$479,227

$484,672

$490,172

$495,727

$501,338

$507,459

$5,738,919

$511,215

$514,091

$516,981

$519,885

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$473,835

$0
$479,227

$0
$484,672

$0
$490,172

$0
$495,727

$0
$501,338

$0
$507,459

$0
$5,738,919

$0
$511,215

$0
$514,091

$0
$516,981

$0
$519,885

$8,005,116
$8,478,952

$8,478,952
$8,958,179

$8,958,179
$9,442,851

$9,442,851
$9,933,023

$9,933,023
$10,428,750

$10,428,750
$10,930,088

$10,930,088
$11,437,547

$11,437,547
$17,176,465

$11,437,547
$11,948,762

$11,948,762
$12,462,853

$12,462,853
$12,979,834

$12,979,834
$13,499,719

1254.17%
19.29%
49.69%

1283.17%
18.49%
49.62%

1313.05%
17.75%
49.55%

1343.86%
17.08%
49.48%

1375.64%
16.45%
49.41%

1408.43%
15.88%
49.34%

1442.28%
15.35%
49.27%

16395.25%
174.53%
49.65%

1469.90%
14.79%
49.24%

1498.36%
14.27%
49.21%

1527.67%
13.79%
49.18%

1557.89%
13.34%
49.14%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

50.31%
27.72%

50.38%
27.76%

50.45%
27.80%

50.52%
27.84%

50.59%
27.88%

50.66%
27.92%

50.73%
27.95%

50.35%
27.75%

50.76%
27.97%

50.79%
27.99%

50.82%
28.01%

50.86%
28.02%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$3,250
$97,500
$13,000
$19,500
$3,250
$136,500

$0
$3,208
$96,250
$12,833
$19,250
$3,208
$134,750

$0
$3,167
$95,000
$12,667
$19,000
$3,167
$133,000

$0
$3,125
$93,750
$12,500
$18,750
$3,125
$131,250

$0
$3,083
$92,500
$12,333
$18,500
$3,083
$129,500

$0
$3,042
$91,250
$12,167
$18,250
$3,042
$127,750

$0
$3,000
$90,000
$12,000
$18,000
$3,000
$126,000

$0
$3,000
$90,000
$12,000
$18,000
$3,000
$126,000

$0
$2,958
$88,750
$11,833
$17,750
$2,958
$124,250

$0
$2,917
$87,500
$11,667
$17,500
$2,917
$122,500

$0
$2,875
$86,250
$11,500
$17,250
$2,875
$120,750

$0
$2,833
$85,000
$11,333
$17,000
$2,833
$119,000

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$73,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$75,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$77,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$78,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$80,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$82,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$84,000.00
-$1,750

$0
$0
-$500
-$15,000
-$2,000
-$3,000
-$500
-$84,000.00
-$7,000

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$85,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$87,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$89,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$91,000.00
-$1,750

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

Mes 53

Mes 54

Mes 55

Mes 56

Mes 57

Mes 58

Mes 59

AO 5
Acumulado

Mes 60

$1,693,778
$1,863,156

$1,702,247
$1,872,471

$1,710,758
$1,881,834

$1,719,312
$1,891,243

$1,727,908
$1,900,699

$1,736,548
$1,910,203

$1,745,231
$1,919,754

$1,753,957
$1,929,352

$20,481,000
$22,529,100

$9,232
$490,041
$415,731
$0
$915,003

$9,259
$491,904
$417,809
$0
$918,972

$9,287
$493,776
$419,898
$0
$922,962

$9,315
$495,658
$421,998
$0
$926,971

$9,343
$497,549
$424,108
$0
$931,000

$9,371
$499,450
$426,228
$0
$935,049

$9,399
$501,360
$428,360
$0
$939,119

$9,427
$503,280
$430,501
$0
$943,209

$111,284
$5,914,734
$5,026,976
$0
$11,052,994

$948,153
$1,750
$949,903
$0
$0
$949,903
$332,466
$94,990
$522,446
28.04%

$953,499
$1,750
$955,249
$0
$0
$955,249
$334,337
$95,525
$525,387
28.06%

$958,872
$1,750
$960,622
$0
$0
$960,622
$336,218
$96,062
$528,342
28.08%

$964,272
$1,750
$966,022
$0
$0
$966,022
$338,108
$96,602
$531,312
28.09%

$969,699
$1,750
$971,449
$0
$0
$971,449
$340,007
$97,145
$534,297
28.11%

$975,153
$1,750
$976,903
$0
$0
$976,903
$341,916
$97,690
$537,297
28.13%

$980,635
$1,750
$982,385
$0
$0
$982,385
$343,835
$98,238
$540,312
28.14%

$986,144
$1,750
$987,894
$0
$0
$987,894
$345,763
$98,789
$543,342
28.16%

$11,476,106
$21,000
$11,497,106
$0
$0
$11,497,106
$4,023,987
$1,149,711
$6,323,408
28.07%

$14,022,522
$186,316
$93,624
$14,302,461

$14,548,260
$187,247
$94,092
$14,829,598

$15,076,945
$188,183
$94,562
$15,359,690

$15,608,593
$189,124
$95,035
$15,892,753

$16,143,220
$190,070
$95,510
$16,428,800

$16,680,838
$191,020
$95,988
$16,967,846

$17,221,465
$191,975
$96,468
$17,509,908

$17,862,064
$192,935
$0
$18,055,000

$17,862,064
$192,935
$0
$18,055,000

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$2,792
$83,750
$11,167
$16,750
$2,792
-$92,750
$117,250

$2,750
$82,500
$11,000
$16,500
$2,750
-$94,500
$115,500

$2,708
$81,250
$10,833
$16,250
$2,708
-$96,250
$113,750

$2,667
$80,000
$10,667
$16,000
$2,667
-$98,000
$112,000

$2,625
$78,750
$10,500
$15,750
$2,625
-$99,750
$110,250

$2,583
$77,500
$10,333
$15,500
$2,583
-$101,500
$108,500

$2,542
$76,250
$10,167
$15,250
$2,542
-$103,250
$106,750

$2,500
$75,000
$10,000
$15,000
$2,500
-$105,000
$105,000

$2,500
$75,000
$10,000
$15,000
$2,500
-$105,000
$105,000

$14,419,711

$14,945,098

$15,473,440

$16,004,753

$16,539,050

$17,076,346

$17,616,658

$18,160,000

$18,160,000

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$210,000
$13,687,265
$522,446
$14,419,711

$210,000
$14,209,711
$525,387
$14,945,098

$210,000
$14,735,098
$528,342
$15,473,440

$210,000
$15,263,440
$531,312
$16,004,753

$210,000
$15,794,753
$534,297
$16,539,050

$210,000
$16,329,050
$537,297
$17,076,346

$210,000
$16,866,346
$540,312
$17,616,658

$210,000
$17,406,658
$543,342
$18,160,000

$210,000
$17,406,658
$543,342
$18,160,000

$14,419,711

$14,945,098

$15,473,440

$16,004,753

$16,539,050

$17,076,346

$17,616,658

$18,160,000

$18,160,000

$522,446
-$1,750
$524,196

$525,387
-$1,750
$527,137

$528,342
-$1,750
$530,092

$531,312
-$1,750
$533,062

$534,297
-$1,750
$536,047

$537,297
-$1,750
$539,047

$540,312
-$1,750
$542,062

$543,342
-$1,750
$545,092

$6,323,408
-$8,750
$6,332,158

-$927
-$466
-$1,393

-$932
-$468
-$1,400

-$936
-$470
-$1,407

-$941
-$473
-$1,414

-$946
-$475
-$1,421

-$950
-$478
-$1,428

-$955
-$480
-$1,435

-$960
$96,468
$95,508

$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$522,804

$525,737

$528,685

$531,648

$534,626

$537,619

$540,627

$640,599

$6,332,158

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$522,804

$0
$525,737

$0
$528,685

$0
$531,648

$0
$534,626

$0
$537,619

$0
$540,627

$0
$640,599

$0
$6,332,158

$13,499,719
$14,022,522

$14,022,522
$14,548,260

$14,548,260
$15,076,945

$15,076,945
$15,608,593

$15,608,593
$16,143,220

$16,143,220
$16,680,838

$16,680,838
$17,221,465

$17,221,465
$17,862,064

$17,862,064
$24,194,223

1589.05%
12.92%
49.11%

1621.19%
12.53%
49.08%

1654.36%
12.16%
49.05%

1688.61%
11.82%
49.01%

1723.99%
11.49%
48.98%

1760.56%
11.19%
48.95%

1798.36%
10.90%
48.92%

1837.48%
10.62%
48.89%

21456.29%
124.06%
49.06%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

50.89%
28.04%

50.92%
28.06%

50.95%
28.08%

50.99%
28.09%

51.02%
28.11%

51.05%
28.13%

51.08%
28.14%

51.11%
28.16%

50.94%
28.07%

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$2,792
$83,750
$11,167
$16,750
$2,792
$117,250

$0
$2,750
$82,500
$11,000
$16,500
$2,750
$115,500

$0
$2,708
$81,250
$10,833
$16,250
$2,708
$113,750

$0
$2,667
$80,000
$10,667
$16,000
$2,667
$112,000

$0
$2,625
$78,750
$10,500
$15,750
$2,625
$110,250

$0
$2,583
$77,500
$10,333
$15,500
$2,583
$108,500

$0
$2,542
$76,250
$10,167
$15,250
$2,542
$106,750

$0
$2,500
$75,000
$10,000
$15,000
$2,500
$105,000

$0
$2,500
$75,000
$10,000
$15,000
$2,500
$105,000

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$92,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$94,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$96,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$98,000.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$99,750.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$101,500.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$103,250.00
-$1,750

$0
$0
-$42
-$1,250
-$167
-$250
-$41.67
-$105,000.00
-$1,750

$0
$0
-$500
-$15,000
-$2,000
-$3,000
-$500
-$105,000.00
-$8,750

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

0.30%

VALUACIN DE LA EMPRESA

ING. EN VIGILACIA.
Inv Inicial
Flujos reales:
80 Flujos reales con probabilidad de xito del:

80%

-$210,000

Ao 1

Ao 3

Ao 4

Ao 5

$941,778

$1,305,887

$3,467,291

$5,722,590

$17,132,047

$753,423

$1,044,710

$2,773,833

$4,578,072

$13,705,637

$7,544,519

VPN
30

Ao 2

Tasa

30%

TIR

425.07%