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UNIVERSIDAD ABIERTA Y A DISTANCIA DE
INGENIERIA EN LOGISTICA Y TRANSPOR
UNIDAD 2
MATERIA INGENIERIA ECONOMICA
ACTIVIDAD EVIDENCIA DE APRENDIZAJE
DOCENTE: MARIA FABIOLA MARQUEZ ROJA
ALUMNO: ERIKA GONZALEZ GRANADOS
MATRICULA ES1521221328
INTRODUCCION
En esta actividad nos dan un caso practico de como realizar la investigacion de los flujos de efectivo y d
que proporcionan
DESARROLLO
Estudiar un caso y dar opinion financiera basado en los analisis financieros re

PRESENTACION
La empresa Logistica en Preparacion de alimentos y conservas S.A. DE C.V. requiere realizar un proyecto
para venta en centros comerciales. La empresa sabe que por el tipo de alimentacion que actualmente ne
embargo, desean saber si esta es viable o no, derivado de lo anterior, necesita hacer numeros. A la empr
efectivo, asi como sus ratios financieros, es por ello, que le proporcionana a usted la informacion necesa
DISTANCIA DE MEXICO
A Y TRANSPORTE
IA ECONOMICA
DE APRENDIZAJE
A MARQUEZ ROJAS
EZ GRANADOS
A ES1521221328
ion de los flujos de efectivo y datos financieros necesarios en base a informacion

proporcionan
do en los analisis financieros requeridos para el trabajo

requiere realizar un proyecto para elaborar un snack con frutas deshidratadas
mentacion que actualmente necesita el consumidor es una buena inversion, sin
esita hacer numeros. A la empresa le recomiendan que analice sus flujos de
a usted la informacion necesaria.
Preparacion de alimentos y conservas S.A. DE C.V. Estado de situacion financiera del 1 de enero al 30 de mayo
Activo 2017
Circulante
Bancos fondos propios $ 10,200,000.00
inventarios $ 3,347,000.00
deudores diversos $ 54,600.00
Total activo circulante $ 13,601,600.00
Activo fijo
edificios $ 22,500,000.00
maquinaria $ 7,400,000.00
depreciacion acum
maquinaria -$ 2,900,000.00
equipo de reparto $ 8,600,000.00
depreciacion acum eq
reparto -$ 4,800,000.00
Total activo fijo $ 30,800,000.00
Activo diferido
publicidad y propaganda $ 3,500,000.00

gastos de periodos
preoperativos $ 100,000.00
prestamos a largo plazo

a directivos de la
empresa $ 2,674,000.00
Total activo diferido $ 6,274,000.00
Activo total $ 50,675,600.00

inversion $ 1,654,000.00
La empresa acaba de realizar una inversion de $ 1,654,000 para desarrollar una campaña publicitaria para el lanzam
embargo aun no se han pagado. Es importante destacar que el importe que conforma la cuenta de capital social esta r
un 70% de acciones ordinarias y el 30% restante por acciones preferentes.
FLUJO NETO DE EFECTIVO

MES INGRESOS EGRESOS FNE
1 $ 660,352.50 $ 430,085.00 $ 230,267.50
2 $ 763,906.25 $ 413,808.26 $ 350,097.99
3 $ 568,257.50 $ 456,278.59 $ 111,978.91
4 $ 672,608.75 $ 548,778.11 $ 123,830.64
5 $ 776,956.25 $ 351,306.50 $ 425,649.75
TOTALES $ 3,442,081.25 $ 2,200,256.46 $ 1,241,824.79
MODELOS DE RENTABILIDAD
ROA 45%
ROE 128%
ROI $ 21.85
Margen de utilidad 0.61
ROS 13.89
Descomposicion de la
rentabilidad $ 2.25
tasa de descuento 1.07

d) VALOR PRESENTE
DATOS Tasa de descuento
opcion desembolso inicial año 1 año2

A $ 1,000,000.00 $ 100,000.00 $ 150,000.00
B $ 1,500,000.00 $ 200,000.00 $ 300,000.00
C $ 1,700,000.00 $ 400,000.00 $ 600,000.00
FORMULA
VPN=saldo inicial +S1/(1+K)+S2/(1+K)^2+S3/(1+K)^3+SN/(1+K^4)
En la empresa donde labora están analizando un proyecto logístico en el q

rentable, para ello utilice la fórmula del valor actua
La fórmula es VPN=SALDO INIC
g) TASA INTERNA DE RETORNO TIR

Flujo de efectivo
Año Flujo de ingresos Flujo de egresos neto
0 $ 60,352.50 $ 43,085.00
1 $ 60,352.50 $ 43,085.00 $ 17,267.50
2 $ 63,906.25 $ 43,808.26 $ 20,097.99
3 $ 68,257.50 $ 46,278.59 $ 21,978.91
4 $ 72,608.75 $ 48,778.11 $ 23,830.64
5 $ 76,959.25 $ 51,306.50 $ 25,652.75
Total $ 342,081.25 $ 233,256.46 $ 108,827.79
Flujo de efectivo $ 108,827.79

Valor presente neto del
proyecto $ 44,479.98
La tasa interna de
retorno que iguala la
inversión inicial con los
flujos de efectivo neto a Tasa maxima de
cero para que el retorno para usar
proyecto sea aceptado 51% en este proyecto
uacion financiera del 1 de enero al 30 de mayo del 2018 (cifras en pesos)
Pasivo y capital 2017

Pasivo
A corto plazo
Acreedores $ 4,000,000.00
Documentos por pagar $ 1,543,000.00
Impuestos por pagar $ 998,700.00
Total pasivo a corto plazo $ 6,541,700.00
A largo plazo
acreedor hipotecario $ 8,199,000.00
Pasivo total $ 14,740,700.00
Capital
Capital social $ 25,600,000.00
capital accion ordinaria $ 17,920,000.00
reserva para revaluacion $ 320,000.00
utilidades de ejercicios
anteriores $ 10,014,900.00
capital total $ 53,854,900.00
pasivo mas capital $ 50,675,600.00
arrollar una campaña publicitaria para el lanzamiento del nuevo producto sin
e que conforma la cuenta de capital social esta representado en su totalidad por
el 30% restante por acciones preferentes.
Inversion inicial $ 2,108,434.00
Tasa de interes 10%

BAIT $ 27,251,400.00
BAI O BAT $ 24,351,400.00
VALOR PRESENTE
Tasa de descuento Flu
año3 año4 año5 año 1

$ 200,000.00 $ 250,000.00 $ 300,000.00 #DIV/0!
$ 350,000.00 $ 400,000.00 $ 500,000.00 #DIV/0!
$ 300,000.00 $ 600,000.00 $ 400,000.00 #DIV/0!
ora están analizando un proyecto logístico en el que están involucradas tres opciones para inversion Se requiere determinar la alternativa m
ntable, para ello utilice la fórmula del valor actual neto, tomando en consideración que la tasa de descuento es del 7%.
La fórmula es VPN=SALDO INICIAL ¬+S1/((1+K))+S2/((1+K) )+S3/((1+K))+SN/((1+K))
DATOS
Valor presente Inversion inicial
-$ 20,848.00 Tasa de interes

$ -
$ 16,609.91
$ 16,513.08
$ 16,276.65
$ 15,928.34
$ 44,479.98
-
Preparacion de alimentos y conservas S.A. DE C.V. estado de resultados del 1 de enero al
30 de mayo de 2018 (cifras en pesos)
concepto parcial total

ingresos por ventas $ 37,800,000.00 ingresos por inversion
costo de ventas $ 18,600.00
utilidad bruta $ 37,781,400.00
gastos de operación
gastos de administracion $ 3,500,000.00
gastos de venta $ 7,030,000.00 $ 10,530,000.00
utilidad de operación $ 27,251,400.00
gastos financieros $ 2,900,000.00
utilidad neta antes de ISR $ 24,351,400.00
impuesto sobre la renta $ 1,382,500.00

utilidad neta $ 22,968,900.00
Flujos de efectivo
Rentabilida
d a los 5
año2 año3 año4 año5 Total años
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
inversion Se requiere determinar la alternativa más

tasa de descuento es del 7%.
SN/((1+K))
DATOS
$ 20,848.00 Numero de pe 5
110% tipo de perio anual
tasa 10%
ngresos por inversion
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
a) FLUJO NETO DE EFECTIVO
MES INGRESOS EGRESOS
1 $ 660,352.50 $ 430,085.00
2 $ 763,906.25 $ 413,808.26
3 $ 568,257.50 $ 456,278.59
4 $ 672,608.75 $ 548,778.11
5 $ 776,956.25 $ 351,306.50
TOTALES $ 3,442,081.25 $ 2,200,256.46
tasa de descuento 1.07

d)
DATOS Tasa
opcion desembolso inicial año 1

A $ 1,000,000.00 $ 100,000.00
B $ 1,500,000.00 $ 200,000.00
C $ 1,700,000.00 $ 400,000.00
FORMULA
En la empresa donde labora están analizando un

más rentable, para ello utilice la
La fórmul
g) TASA INTERNA DE RETORNO TIR

Año Flujo de ingresos Flujo de egresos
0 $ 60,352.50 $ 43,085.00
1 $ 60,352.50 $ 43,085.00
2 $ 63,906.25 $ 43,808.26
3 $ 68,257.50 $ 46,278.59
4 $ 72,608.75 $ 48,778.11
5 $ 76,959.25 $ 51,306.50
Total $ 342,081.25 $ 233,256.46
Flujo de efectivo $ 108,827.79

Valor presente neto del proyecto $ 60,177.70
La tasa interna de retorno que

iguala la inversión inicial con los Tasa maxima de
flujos de efectivo neto a cero para retorno para usar en
que el proyecto sea aceptado 80% este proyecto
necesario TMAR ACCIONISTAS

$ 3,660.00 30%
h) TMAR
DATOS VALOR PORCENTAJE
inversion inicial $ 1,120.00 33%
credito a $ 1,240.00 33%
credito b $ 1,300.00 33.3%
TOTAL $ 3,660.00 100%
TOTAL creditos $ 2,540.00
TASA DE INTERES CREDITO A 25%

TASA DE INTERES CREDITO B 27.50%
total interes creditos 52.50%
CIFRAS
DEPRECIACION 100
PERIODOS ANUAL 5
INFLACION 5%
PRIMA DE RIESGO 10%
INGRESOS $ 950
EGRESOS $ 400
TMAR MIXTA 43.64%

Tasa de descuento 7%
c)
DATOS Fluj
opcion desembolso inicial año 1
A $ 1,000,000.00 $ 100,000.00
B $ 1,500,000.00 $ 200,000.00
C $ 1,700,000.00 $ 400,000.00
FORMULA
VAN= $675,096.25
VAN= $1,206,825.18
VAN= $1,651,136.43
Inversion inicial $ 2,108,434.00
FNE
$ 230,267.50 Tasa de interes 10%
$ 350,097.99
$ 111,978.91
$ 123,830.64
$ 425,649.75
$ 1,241,824.79
VALOR PRESENTE
Tasa de descuento
año2 año3 año4 año5 año 1

$ 150,000.00 $ 200,000.00 $ 250,000.00 $ 300,000.00 $ 93,457.94
$ 300,000.00 $ 350,000.00 $ 400,000.00 $ 500,000.00 $ 186,915.89
$ 600,000.00 $ 300,000.00 $ 600,000.00 $ 400,000.00 $ 373,831.78
esa donde labora están analizando un proyecto logístico en el que están involucradas tres opciones para inversion Se requiere determinar l
más rentable, para ello utilice la fórmula del valor actual neto, tomando en consideración que la tasa de descuento es del 7%.
La fórmula es VPN=SALDO INICIAL ¬+S1/((1+K))+S2/((1+K) )+S3/((1+K))+SN/((1+K))
DATOS
Flujo de efectivo neto Valor presente Inversion inicial
-$ 20,848.00 Tasa de interes
$ 17,267.50 $ 15,697.73
$ 20,097.99 $ 16,609.91
$ 21,978.91 $ 16,513.08
$ 23,830.64 $ 16,276.65
$ 25,652.75 $ 15,928.34
$ 108,827.79 $ 60,177.70
-
La empresa Logística and Transporting S.A. DE C.V. está desarrollando un proyecto para la adquisi
Para ello, le proporcionan las cifras presupuestadas en los flujos de ingresos y egresos que obten
la tasa de interés y el valor de la inversión inicial:
Inversión Inicial $20,848.00
Tasa de Interés: 10%
De acuerdo con esta información, y conforme a la teoría determinada para estos temas le solicita
1. Verifique si los flujos de efectivo netos son los correctos
2. El valor presente neto del proyecto
3. La tasa interna de retorno que iguala la inversión inicial con los flujos de efectivo neto a cero p
aceptado.
total % de creditos
67%
Para invertir en una empresa de pr

financieras, la financiera A aportara $1,
anual,
VALOR PRESENTE
Flujo neto de caja
año2 año3 año4 año5
$ 150,000.00 $ 200,000.00 $ 250,000.00 $ 300,000.00
$ 300,000.00 $ 350,000.00 $ 400,000.00 $ 500,000.00
$ 600,000.00 $ 300,000.00 $ 600,000.00 $ 400,000.00
OPCION A
esto es VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,0
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+2
OPCION B
VPN=1,500,000+200,000/(1+0.07)+300,000/(1+0.07)^2+350,000/(1+0.07)^3+400,0
VPN=1, 500,000+186915.88785+262031.61848+285704.25691+305158.08482+
OPCION C
VPN=1,700,000+400,000/(1+0.07)+600,000/(1+0.07)^2+300,000/(1+0.07)^3+600,0
VPN=1, 700.000+373831.77570+524063.23696+244889.36307+457737.12723+
Flujos de efectivo
Rentabilidad a los 5
año2 año3 año4 año5 Total años
$ 131,015.81 $ 163,259.58 $ 190,723.80 $ 213,895.85 $ 792,352.99 -$ 207,647.01
$ 262,031.62 $ 285,704.26 $ 305,158.08 $ 356,493.09 $ 1,396,302.94 -$ 103,697.06
$ 524,063.24 $ 244,889.36 $ 457,737.13 $ 285,194.47 $ 1,885,715.97 $ 185,715.97
rsion Se requiere determinar la alternativa

de descuento es del 7%.
K))
DATOS
$ 20,848.00 Numero de peri 5
110% tipo de periodo anual
tasa 10%
do un proyecto para la adquisición de tracto camiones.
e ingresos y egresos que obtendrían durante 5 años así como
ada para estos temas le solicitan que determine:
flujos de efectivo neto a cero para que el proyecto sea
invertir en una empresa de productos plásticos se necesitan $3,660 millones, los socios solo cuentan con $1,120 millones, el resto se pedi
as, la financiera A aportara $1,240 millones por los que cobrara un interés del 25% anual, por su parte la financiera B aportara $1,300 millo
anual, si la TMAR de los accionistas es de 30% ¿Cuál es el costo de capital o TMAR mixta para esta empresa?
Se deposita $10,000 en un banco que paga el 18% de interés con capitalización mensual, transcurridos 4 meses se retira
$4,000. Hallar el importe que tendrá el banco dentro de un año de haber realizado el depósito.
^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
63259.57538+190723.80301+213895.85385= 1, 792,352.98541
^2+350,000/(1+0.07)^3+400,000/(1+0.07)^4+500,000/(1+0.07)^5
285704.25691+305158.08482+356493.08974=2, 896,302.9378
^2+300,000/(1+0.07)^3+600,000/(1+0.07)^4+400,000/(1+0.07)^5
44889.36307+457737.12723+285194.47179=3, 585,715.97475
millones, el resto se pedirá a dos instituciones
a B aportara $1,300 millones a un interés de 27.5%
ara esta empresa?
idos 4 meses se retira
depósito.
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
VPN=1,000,000+100,000/(1+0.07)+150,000/(1+0.07)^2+200,000/(1+0.07)^3+250,000/(1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
VPN=1, 000,000+93457.94393+131015.80924+163259.57538+190723.80301+213895.85385= 1, 792,352.98541
1+0.07)^4+300,000/(1+0.07)^5
95.85385= 1, 792,352.98541
La empresa donde labora ha tenido algunas inconsistencias para la realización de sus diversas actividades, rec
enteraron que usted está estudiando la carrera de ingeniería en logística y transporte, por ello los altos ejecutivo
una reunión en la que le comentan su situación y le solicitan que diseñe un modelo de negocio porque están se
herramienta les podrá ayudar a resolver algunos de sus problemas.
Para realizar el modelo de negocio de CANVAS le indican que el giro de negocio es Transportación de carga seca
INFRAESTRUCTURA OFERTA
Actividades clave la principal la
captación de clientes, la
Socios clave, proveedores,
planeación correcta de las rutas y La empresa de Transporte de
personal capacitado dentro de
viajes utilizando la tecnología Carga Seca situado en el
cada área, tecnologías online
avanzada para generar rutas con Centro del país y le da servicio
menos tiempo y costo, acertada a toda la república, se encarga
cobranza de los servicios, de transportar el material que
gestionar de manera correcta los requieran los clientes que no
materiales y camiones requieran de equipos
indispensables para las funciones. Recursos clave Perfil especiales ni de condiciones
profesional, tecnologías, especiales en el transporte en
redes sociales y pagina web, este caso nos enfocamos a los
atención personalizada con cereales
vendedores calificados,
transporte en perfectas
condiciones
Costos, sueldos, rentas de

puntos de venta,
mantenimiento a camiones,
insumos, redes sociales,
mantenimiento general a las
instalaciones, pago de
impuestos.
BIBLIOGRAFIA
https://youtu.be/BnzO8tOl830
n de sus diversas actividades, recientemente se
sporte, por ello los altos ejecutivos lo convocan a
odelo de negocio porque están seguros que esta
de sus problemas.
o es Transportación de carga seca en todo el país.
CLIENTE
OFERTA
a empresa de Transporte de Relación personal se

arga Seca situado en el mantiene todo el tiempo
entro del país y le da servicio por línea telefónica, redes Cliente: cualquier cliente
toda la república, se encarga sociales, web oficial dentro de la republica que
e transportar el material que nos solicite el servicio de
quieran los clientes que no transportar material que
quieran de equipos no requiera equipo
speciales ni de condiciones especial para
speciales en el transporte en Canales de distribución, transportarlo.
ste caso nos enfocamos a los Página web, oficinas
ereales centrales, locales, vendedores
que visitan a clientes
potenciales
Fuentes de ingresos pagos de

los servicios de los clientes,
inversión de los dueños,
créditos bancarios

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UNIVERSIDAD ABIERTA Y A DISTANCIA DE

INGENIERIA EN LOGISTICA Y TRANSPOR

Estudiar un caso y dar opinion financiera basado en los analisis financieros re

ion de los flujos de efectivo y datos financieros necesarios en base a informacion

do en los analisis financieros requeridos para el trabajo

publicidad y propaganda $ 3,500,000.00

prestamos a largo plazo

Total activo diferido $ 6,274,000.00

Activo total $ 50,675,600.00

FLUJO NETO DE EFECTIVO

tasa de descuento 1.07

opcion desembolso inicial año 1 año2

En la empresa donde labora están analizando un proyecto logístico en el q

g) TASA INTERNA DE RETORNO TIR

Flujo de efectivo $ 108,827.79

Pasivo y capital 2017

Pasivo total $ 14,740,700.00

capital total $ 53,854,900.00

pasivo mas capital $ 50,675,600.00

Inversion inicial $ 2,108,434.00

Tasa de interes 10%

año3 año4 año5 año 1

-$ 20,848.00 Tasa de interes

concepto parcial total

impuesto sobre la renta $ 1,382,500.00

inversion Se requiere determinar la alternativa más

tasa de descuento 1.07

opcion desembolso inicial año 1

En la empresa donde labora están analizando un

g) TASA INTERNA DE RETORNO TIR

Flujo de efectivo $ 108,827.79

La tasa interna de retorno que

necesario TMAR ACCIONISTAS

TASA DE INTERES CREDITO A 25%

TMAR MIXTA 43.64%

año2 año3 año4 año5 año 1

Para invertir en una empresa de pr

rsion Se requiere determinar la alternativa

ada para estos temas le solicitan que determine:

flujos de efectivo neto a cero para que el proyecto sea

Costos, sueldos, rentas de

o es Transportación de carga seca en todo el país.

a empresa de Transporte de Relación personal se

Fuentes de ingresos pagos de

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