Documente Academic
Documente Profesional
Documente Cultură
FORMULA
TMAR = I + F + IF
I = (Rendimientos Deseado
F = Indice de Inflacion
TMAR ponderada
Participación TMAR Ponderación
Inversionistas 0.50 0.3104 0.1552
Otras empresas 0.30 0.3216 0.0965
Bancos 0.20 0.2000 0.0400
12,000.00 12,000.00
8,000.00 8,600.00
18,000.00 18,000.00
15,960.00 16,212.00
28,000.00 28,000.00
6,000.00 6,000.00
80,000.00 80,000.00
167,960.00 168,812.00
152,040.00 175,188.00
38,010.00 43,797.00
114,030.00 131,391.00
1
0.29168
1.29168
FACTOR VAN (VPN)
27.29%
0.774186 37,769 1.29168 0.7741856
0.599363 49,526 1.29168 0.5993633
0.464018 45,726 1.29168 0.4640184
0.359236 43,716 1.29168 0.3592363
0.278116 41,087 1.29168 0.2781156
0.215313 37,105 1.29168 0.2153131
0.166692 32,343 1.29168 0.1666923
0.129051 27,280 1.29168 0.1290507
ARRENDAMIENTO
Año Renta Ahorro Impuestos Costo Del dinero Factor Valor Flujo Neto Fondo Acumulativo
Actual Descontado
25% 29.17%
1 80000 20000 60000 0.77419 46,451.13 46,451.13
2 80000 20000 60000 0.59936 35,961.80 82,412.93
3 80000 20000 60000 0.46402 27,841.10 110,254.03
4 80000 20000 60000 0.35924 21,554.18 131,808.21
5 80000 20000 60000 0.27812 16,686.94 148,495.15
6 80000 20000 60000 0.21531 12,918.78 161,413.93
7 80000 20000 60000 0.16669 10,001.54 171,415.47
8 80000 20000 60000 0.12905 7,743.04 179,158.51
COMPRA
Ahorro por
Costo Del Flujo Neto
Año Salida de Dinero Descuento Depreciacion Depreciacion Factor Valor Actual
Dinero Descontado
ISR
10% 20% 25% 29.17%
0 300,000.00 30,000.00
1 60,000.00 15,000.00 15,000.00 0.774186 11,612.78
2 60,000.00 15,000.00 15,000.00 0.599363 8,990.45
3 60,000.00 15,000.00 15,000.00 0.464018 6,960.28
4 60,000.00 15,000.00 15,000.00 0.359236 5,388.55
5 60,000.00 15,000.00 15,000.00 0.278116 4,171.73
6 60,000.00 15,000.00 15,000.00 0.215313 3,229.70
7 60,000.00 15,000.00 15,000.00 0.166692 2,500.38
8 60,000.00 15,000.00 15,000.00 0.129051 1,935.76
9
10
PRESTAMO BANCARIO
Principal 300,000.00
Tasa 0.12 Cuota Nivela
Plazo 8
Prestamo Reduccion Factor Valor
Año Intereses Cuota Nivelada Saldo Capital Ahorro en Impuestos
Bancario Principal Actual
15% 25% 29.17%
1 300,000.00 45,000.00 Q50,000.00 95,000.00 395,000.00 11,250.00 0.7742
2 395,000.00 59,250.00 Q50,000.00 109,250.00 504,250.00 14,812.50 0.5994
3 504,250.00 75,637.50 Q50,000.00 125,637.50 629,887.50 18,909.38 0.4640
4 629,887.50 94,483.13 Q50,000.00 144,483.13 774,370.63 23,620.78 0.3592
5 774,370.63 116,155.59 Q50,000.00 166,155.59 940,526.22 29,038.90 0.2781
6 940,526.22 141,078.93 Q50,000.00 191,078.93 1,131,605.15 35,269.73 0.2153
7 1,131,605.15 169,740.77 Q50,000.00 219,740.77 1,351,345.92 42,435.19 0.1667
8 1,351,345.92 202,701.89 Q50,000.00 252,701.89 1,604,047.81 50,675.47 0.1291
9 - - - -
TOTAL 904,047.81 400,000.00 1,304,047.81 226,011.95
RESUMEN GENERAL
Compra de Contado 300,000.00
Descuento 10% 30,000.00
Valor Actual de Contado 44,789.63
Valor Actual de Intereses 64,130.93 138,920.56
VALOR ACTUAL DEL PRESTAMO BANCOS 161,079.44
1.29168
1.29168 0.774185557
1.29168 0.599363276
1.29168 0.464018392
1.29168 0.359236337
1.29168 0.278115584
1.29168 0.215313068
1.29168 0.166692267
1.29168 0.129050746
1
Fondo de
Acumulativo
0.29168
270,000.00 1.29168
258,387.22 1.29168 0.774185557
249,396.77 1.29168 0.599363276
242,436.49 1.29168 0.464018392
237,047.95 1.29168 0.359236337
232,876.21 1.29168 0.278115584
229,646.52 1.29168 0.215313068
227,146.13 1.29168 0.166692267
225,210.37 1.29168 0.129050746
225,210.37
225,210.37
225,210.37
Q50,000.00
- 1
Flujo Neto 0.29168
Descontado
1.29168
8,709.59 1.29168 0.774185557
8,878.07 1.29168 0.599363276
8,774.30 1.29168 0.464018392
8,485.44 1.29168 0.359236337
8,076.17 1.29168 0.278115584
7,594.03 1.29168 0.215313068
7,073.62 1.29168 0.166692267
6,539.71 1.29168 0.129050746
0
64,130.93