Académique Documents
Professionnel Documents
Culture Documents
NOTA: Para que funcione el programa, tienes que tener habilitadas la funcin de Macr
Instrucciones adicionales:
Proyecciones Financieras:
Todo plan de negocios debe incluir un apartado de proyecciones financieras, y todo negocio, con o sin pl
negocios, debe de contar con una proyeccin adecuada de ventas, utilidades y efectivo disponible.
El gran problema es que la mayora de la gente no sabe hacer proyecciones, y es difcil encontrar progra
de apoyo especficos para esta tarea. Por esto, hemos desarrollado un software que te puede ayudar inc
no tienes experiencia en contabilidad y finanzas.
Este archivo en Excel te ayudar a desarrollar cinco aos de proyecciones financieras va estados financ
pro forma. Pro forma significa proyectado.
El programa est diseado para un nivel de conocimiento elemental sobre estados financieros y proyecc
ventas, lo nico que se requiere es que tengas pleno conocimiento de tu empresa o proyecto, de cuanto
puedes vender, de tu capacidad instalada, del mercado, del personal que requieres y de las inversiones
estimas hacer en activos fijos.
Es la primera versin que se hace, por lo que puede contener errores, por lo que se recomienda que una
llenado los espacios, y teniendo los estados pro forma, se revisen cuidadosamente.
El archivo est en Excel y se puede abrir con o sin macros, no hay diferencia.
Instrucciones de uso:
1. Haz clic en el vnculo de ...... para bajar el archivo de Excel. Si no se abre, haz clic en el vnculo con
botn derecho del mouse y selecciona guardar archivo. El archivo mide cerca de 1.5 megas, por lo que p
tardarse un poco en abrir.
2. Pasa a la hoja de instrucciones, donde vers estas mismas instrucciones.
3. Pasa a la hoja de Inicio. Sigue las instrucciones.
4. Pasa a la hoja de ingresos. Esta es la ms importante, ya que en esta elaborars tu proyeccin de ven
tres aos, y el programa automticamente calcular las ventas de los siguientes dos aos para tener un
de 5.
a. Llena la informacin de las casillas blancas, poniendo el nombre de la empresa, seleccionar si vende
productos, servicio o ambos (seleccionar solo una opcin), selecciona en que lugares vende la empresa,
los ingresos son por venta directa o por comisiones de venta.
b. Pasa al inciso que se te indique en la hoja. Si pasaste al inciso 2.1, debes primero que nada selecciona
cuantas lneas de productos servicios vende tu empresa, por ejemplo, Bimbo vende ms de 20 produc
distintos. El programa solo te permite hasta 10 productos y 10 servicios.
c. Inmediatamente despus el programa te pide que llenes la informacin sobre el precio de los product
vendes productos) ms abajo te pide el precio de los servicios (si vendes servicios y/o ambos) para ca
producto/servicio y para cada regin en la que vendes. Estos son precios unitarios.
d. El siguiente paso (2.1.3) consiste en dar informacin sobre aumentos en el precio del producto o serv
anualizado sin contar la inflacin, es decir, el incremento que tendrn tus precios si es que planeas subir
cual no siempre es recomendable.
e. Inmediatamente despus te pide que escribas la inflacin esperada para los siguientes cinco aos, qu
Colombia est alrededor del 5% anual.
f. El punto 2.1.4 se refiere a las ventas unitarias de productos y/o servicios. Las ventas unitarias son en
b. Pasa al inciso que se te indique en la hoja. Si pasaste al inciso 2.1, debes primero que nada selecciona
cuantas lneas de productos servicios vende tu empresa, por ejemplo, Bimbo vende ms de 20 produc
distintos. El programa solo te permite hasta 10 productos y 10 servicios.
c. Inmediatamente despus el programa te pide que llenes la informacin sobre el precio de los product
vendes productos) ms abajo te pide el precio de los servicios (si vendes servicios y/o ambos) para ca
producto/servicio y para cada regin en la que vendes. Estos son precios unitarios.
d. El siguiente paso (2.1.3) consiste en dar informacin sobre aumentos en el precio del producto o serv
anualizado sin contar la inflacin, es decir, el incremento que tendrn tus precios si es que planeas subir
cual no siempre es recomendable.
e. Inmediatamente despus te pide que escribas la inflacin esperada para los siguientes cinco aos, qu
Colombia est alrededor del 5% anual.
f. El punto 2.1.4 se refiere a las ventas unitarias de productos y/o servicios. Las ventas unitarias son en
unidades de productos o servicios, es decir, cuantos productos/servicios piensas vender para el primer m
nada ms para el primer mes. No trates de poner ventas unitarias para los siguientes meses, eso lo har
despus. Toma nota de que las ventas unitarias no estn en pesos, ya que son por unidad vendida.
g. A la altura del rengln #100, el programa te pide ahora si el incremento mensual de tus ventas. Es
importante que consideres que estas escribiendo el porcentaje de incremento en ventas por cada mes d
cada trimestre por tres aos. Este porcentaje lo debes de escribir usando las flechas que aparecen en ca
cuadro en las celdas blancas. El porcentaje que escribas sobre cada celda usando las flechas se asume c
el porcentaje de crecimiento de cada mes durante ese trimestre en particular.
h. El siguiente cuadro te pide el incremento porcentual de ventas mensuales para ventas internacionale
i. Finalmente, la grfica 2.2 te muestra tus ventas mensuales para cinco aos de acuerdo a tus proyeccio
5. Pasa a la hoja de equipo de trabajo. Esta hoja es muy sencilla. Slo debes de seleccionar en la primer
columna, usando las flechas, los puestos qie requieres en tu empresa. Despus en la siguiente columna
seleccionar el nmero de puestos de cada uno. Escribe el sueldo mensual de cada persona contratada o
contratarse, y finalmente escribe usando las flechas si el empleado recibe algn porcentaje sobre las ve
totales.
6. Pasa a la hoja de gastos, y llena la informacin de gastos para la parte de gastos fijos para la oficina
corporativa y para la planta, en caso de que tengas las dos por separado. No es necesario llenar toda la
informacin si no aplica cada uno de los renglones, puedes dejar espacios en blanco.
7. Escribe en esa misma seccin el incremento mensual sin contar inflacin de los costos fijos.
8. Si tu empresa vende productos, en la siguiente seccin debers de escribir el costo unitario de los pro
que vendes (mximo 10). Este costo unitario se refiere al costo de ventas unitario, es decir, no involucra
administracin, intereses, etc.
9. Determina en esa misma seccin cuantos inventarios requieres tener en bodega para iniciar el siguien
mes.
10. Finalmente, llena la informacin requerida sobre la compra de activos fijos que requieras para el prim
mes, y usa las flechas de las columnas para hacer inversiones en cualquier otro mes. Aplica para inversi
en oficinas corporativas y en planta. Puedes usar ambas tablas para hacer inversiones de una sola oficin
planta en varios meses.
11. Pasa a la hoja de capital de trabajo y llena la informacin que se te solicita.
12. Pasa a la hoja de financiamiento, y determina si tu empresa requiere o no financiamiento viendo el
resultado automtico. Escribe abajo el monto de financiamiento que estas obteniendo o buscas obtener
el primer mes, y no olvides de escribir las tasas de inters y plazos de los crditos a corto y largo plazo e
caso de que existan. Si no existen entonces haz caso omiso de esto ltimo.
13. Revisa cuidadosamente las celdas a partir del rengln 44 para determinar si tu empresa va a requer
inversin en los siguientes meses, y empieza a llenar la informacin en las celdas blancas sobre que tip
financiamiento pretendes obtener.
14. Nota: Si utilizas crdito, es probable que estos datos de financiamiento requerido cambien, ya que e
programa considera los pagos de intereses y amortizaciones que se deben de hacer cada mes.
15. Estas listo para ver tus estados pro forma. La hoja de Estados Pro forma te muestra el estado de
resultados, el balance general y el flujo de efectivo. A partir de la celda 118 te muestra adems las celda
sobre razones financieras y ms abajo el clculo de la depreciacin, en caso de que requieras modificarl
16. Nota como en el estado de resultados, en el rengln 20, no hay informacin. Este es el rengln dond
manualmente puedes escribir otros gastos, como el de ventas y publicidad, u otros.
17. Trata de modificar ninguna frmula, ya que puedes arruinar la relacin con otros datos lo que signifi
habran errores.
18. En la parte superior de la hoja de estados pro forma, puedes observar unos cuadros pequeos con e
nmero 1 y 2. Si los presionas cambias la vista entre mensual y anual.
hojas, etc.
o 1 y continua la numeracin.
das azules se llenan automtico
tendras que desarrollarlo por tu cuenta.
dificarlas.
icita.
no financiamiento viendo el
obteniendo o buscas obtener para
crditos a corto y largo plazo en
.
inar si tu empresa va a requerir ms
s celdas blancas sobre que tipo de
Renta
Luz
Agua
Comunicaciones
Seguros y fianzas
Seguridad
Papelera/ gto. oficina
Otros
$10,000.00
$1,500.00
$1,500.00
$1,000.00
$$$1,000.00
$1,500.00
Renta
Luz
Agua
Comunicaciones
Seguros y fianzas
Seguridad
Papelera/ gto. oficina
Otros
TOTAL
$16,500.00
Sueldos
Vendedor
Vendedor 2
Panadero
Sueldo 1
Sueldo 1
Sueldo 1
Sueldo 1
Sueldo 1
$-
TOTAL
$1.00
Pan de Proveedor
$15.00
Pan de Proveedor
2 huevos
$3.00
$1.00
100 g. mantequilla
$2.00
$2.00
$2.00
Sello
$2.00
Sello
Envase
$4.00
Caja
$2.00
CIF
$1.00
TOTAL
$15.00
$5.00
$1.00
$2.00
Sello
$2.00
TOTAL
$10.00
TOTAL
$20.00
TOTAL
TOTAL
$-
TOTAL
$-
TOTAL
$-
COSTOS TOTALES
Unidades Vendidas
Costo Fijo Oficina
10,000
$16,500.00
6%
$20,000.00
7%
Gtos. Ventas
$10,000.00
3%
$46,500.00
Ingrese arriba las unidades vendidas. Ms adelante puede estimar este nmero en la par
estn los montos de los costos y su valor en porciento. Abajo podr el costo en porcenta
Es decir, cunto le cuesta producir cada producto, en relacin a cmo lo vende.
0%
$-
$42,000.00
10%
$206,333.33
70%
43%
44%
50%
58%
50%
$248,333.33
Ventas
Costo Total
$294,833.33
vs.
$420,000.00
2. Punto de Equilibrio
El punto de equilibrio es donde la empresa NO gana y NO pierde dinero.
Este es el INDICADOR BASE de su negocio.
No. de Productos a Vender
(Min 1. Mx 10)
5
Producto
Precio de su Producto
Costo Variable de Produccion
49%
10%
Costos Fijos
Punto de Equilibrio
Unidades a Vender para PQ
Ventas a Generar para PQ
$35.00
$45.00
$50.00
$60.00
$20.00
$15.00
$20.00
$25.00
$35.00
$10.00
1
564
2
454
3
465
4
489
5
1,163
$19,727.27
$20,414.63
$23,250.00
$29,368.42
$23,250.00
$46,500.00
Producto
$80,000.00
PUNTO DE EQUILIBRIO
$70,000.00
$60,000.00
$50,000.00
$40,000.00
$30,000.00
$20,000.00
$70,000.00
$60,000.00
$50,000.00
y la lnea roja (C.V).
$40,000.00
$30,000.00
$20,000.00
$-
0
40
80
120
160
200
240
280
320
360
400
440
480
520
560
600
640
680
720
760
800
840
880
$10,000.00
Costo Fijo
Costo Variable
Ventas
3. Ventas proyectadas
Para estimar las ventas, vamos a utilizar datos obtenidos de la Encuesta realizada en el Mdulo "Investigacin de Mercados"
Va a copiar los porcentajes que obtuvo en las respuestas, y el programa mostrar 3 escenarios de ventas: Optimista, Normal
Comprara este producto a un precio de XXX?
Tamao de la Poblacin:
Margen de Error:
10,000
7%
Muy probablemente
15%
Probablemente
20%
Es poco probable
20%
No es nada probable
25%
20%
No lo s
100%
Los datos en este color van en el punto 2.1.2 de la
seccin de Ingresos.
Escenarios
No. de Productos a Vender
(Min 1. Mx 10)
5
Producto
Precio de su Producto
$35.00
$45.00
$50.00
$60.00
$20.00
Escenario Normal
No. de veces de Compra/mes
Cantidad comprada por cliente/mes
No. de clientes/ mes
2
1
2,000
800
800
800
800
800
$28,000.00
$36,000.00
$40,000.00
$48,000.00
$16,000.00
3,386
3,386
3,386
$169,312.50 $203,175.00
$67,725.00
Escenario Optimista
No. de veces de Compra/mes
Cantidad comprada por cliente/mes
No. de clientes/ mes
2.25
2.15
3,500
3,386
3,386
$118,518.75
$152,381.25
320
320
Escenario Pesimista
No. de veces de Compra/mes
Cantidad comprada por cliente/mes
No. de clientes/ mes
Ventas Proyectadas en Unidades
2
1
800
320
320
320
Ventas esperadas en $
$11,200.00
$14,400.00
$16,000.00
$19,200.00
$6,400.00
4. Produccin
4.1. Capacidad instalada
La capacidad instalada es cunto podemos producir de un producto a su mximo.
Es importante este dato porque limita la oferta del producto.
Modelo basado en mquinas
Maquinas
Unidades producidas/hora
Horas trabajadas al da
16
25
2000
10
10
20
15
1600
450
4.2. Eficiencia
Variacin entre produccin estndar y real.
Necesita tener datos diarios de cmo varia la produccin.
Dia
Produccin Estndar
Prod. Real
Sem 1.
Horas de trabajo al da
Sem 2.
20
Sem 3.
UNIDADES PRODUCIDAS AL DA
1
40
30
35
Sem 4.
DIA
MES
Prod. Actual
26
520
Prod. Estand.
40
800
Eficiencia
65%
MES
63.33
Dia
UNIDADES DEFECTUOSAS AL DA
Prod. Real
Sem 1.
Defectos
3.17
%/Prod. Real
12%
Sem 2.
Sem 3.
%/Prod. Est.
8%
Sem 4.
$5,000.00
$5,000.00
$10,000.00
$20,000.00
% de comisin
a vendedores
% de comisin
a otros
Gastos de Ventas
(Promocin, Mercadeo,
Distribucin, etc.)
5%
5%
$10,000.00
TOTAL
10%
Pan de Proveedor
$20.00
Pan de Proveedor
$30.00
$1.00
$1.00
$2.00
$2.00
Sello
$2.00
Sello
$2.00
$25.00
$-
TOTAL
$35.00
TOTAL
$-
$15.00
Producto 6
$-
Producto 2
$20.00
Producto 7
$-
Producto 3
$25.00
Producto 8
$-
Producto 4
$35.00
Producto 9
$-
Producto 5
$10.00
Producto 10
$-
0%
0%
0%
0%
0%
10 Promedio
10
49%
Promedio
$42.00
$-
$-
6
0
$-
$-
7
0
$-
$-
8
0
$-
9
0
$-
$-
$21.00
10
0
$-
Promedio
2,768
$116,250.00
$116,250.00
2,767.86
$116,250.00
Costos Fijos:
$46,500.00
$68,735.12
Costos Total
$115,235.12
Diferenicia:
$1,014.88
480
520
560
600
640
680
720
760
800
840
880
920
960
1000
Costo Variable
ble
Ventas
lo "Investigacin de Mercados"
s de ventas: Optimista, Normal y Pesimista
unidades
40%
1 al mes
10%
unidades
25%
2 al mes
70%
unidades
20%
3 al mes
10%
unidades
10%
4 al mes
5%
5%
5 al mes
unidades
5%
100%
100%
6
$-
7
$-
8
$-
9
$-
10
$-
Promedio
$42.00
Total
0
$-
0
$-
0
$-
0
$-
0
$-
0
$-
0
$-
0
$-
0
$-
0
$-
4,000
$168,000.00
16,931
$711,112.50
1,600
$-
$-
$-
$-
$-
$67,200.00
TOTAL
2000 unidades
producidas
al mes
TOTAL
2050 unidades
producidas
al mes
PRODUCIDAS AL DA
4
20
15
16
DEFECTUOSAS AL DA
7
De acuerdo a tus datos, tus ventas mensuales para los tres primeros aos seran:
$400,000.00
$350,000.00
$300,000.00
$250,000.00
$200,000.00
$150,000.00
$100,000.00
$50,000.00
$1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Sueldos y Salarios:
Selecciona puesto:
Nmero de
puestos
Sueldo
Mensual
Nominal
Sueldo Anual
Total Nmina
Comisin Mensual
Nominal por
Sueldo base +
puesto
(%
comisiones
de ventas)
Publicidad
$10,000.00
$120,000.00
$120,000.00
5.00%
$19,696.00
Vendedores
$5,000.00
$60,000.00
$120,000.00
5.00%
$14,696.00
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Director general
$-
$-
$-
0.00%
$-
Total Mensual
Gastos fijos
Gastos fijos mensuales oficina corporativa.
Renta (m)
$10,000.00
Luz
$1,500.00
Agua
$1,500.00
Comunicaciones
$1,000.00
Seguros y fianzas
$Seguridad
$Papelera y gastos de
oficina
$1,000.00
Otros
$1,500.00
SubTotal gastos fijos
$16,500.00
$$16,500.00
Incremento Mensual:
0.0%
Gastos de Ventas:
Costo mensual
$15.00
Promocin
$5,000.00
$20.00
Distribucin
$2,000.00
$25.00
$2,000.00
$35.00
Negociacin
$1,000.00
$10.00
Mensajera
$-
No aplica
$-
Otros
No aplica
$-
Otros
No aplica
$-
Otros
No aplica
$-
Otros
No aplica
$-
Otros
5%
Incremento Mensual
en Porciento
$88,200.00
2%
$10,000.00
Mes 24
Mes 24
$$$$100,000
$$$$-
$50,000
$-
$50,000
$25,000
$25,000
$-
$225,000
$25,000
$$$$$50,000
$$$50,000
$$$$$-
$$-
Si tus ingresos son por comisin, puedes saltarte esta hoja y pasar a Financiamiento.
0%
100%
5 das
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
30%
70%
45 das
REQUIERE
financiamiento.
$194,198
$0
$150,000
$100,000
$10,000
$0
TOTAL:
$260,000
n 10% adicional.
Mes 0
Mes 1
Mes 2
Mes 3
Mes 4
Panaderia Antonio
Estado de Resultados:
Ingresos:
Nacional:
Ingresos por productos
Ingresos por servicios
Internacional:
Ingresos por productos
Ingresos por servicios
Total Ingresos
$193,920
$0
$196,643
$0
$199,403
$0
$202,203
$0
$0
$0
$193,920
$0
$0
$196,643
$0
$0
$199,403
$0
$0
$202,203
$16,500
$49,088
$88,200
$10,000
$163,788
$16,566
$49,496
$89,973
$10,240
$166,275
$16,632
$49,911
$90,873
$10,486
$167,901
$16,699
$50,330
$91,781
$10,737
$169,548
$30,132
-$808
$30,940
-$534
$0
$30,406
$10,642
$3,041
$16,723
8.62%
$30,367
-$808
$31,175
-$534
$0
$30,641
$10,724
$3,064
$16,853
8.57%
$31,502
-$808
$32,310
-$534
$0
$31,776
$11,122
$3,178
$17,477
8.76%
$32,655
-$808
$33,463
-$534
$0
$32,929
$11,525
$3,293
$18,111
8.96%
$83,456
$0
$9,832
$93,288
$67,309
$0
$9,970
$77,279
$86,050
$0
$10,110
$96,160
$105,424
$0
$10,252
$115,676
Activo Fijo
Terreno
Edificio
Comunicaciones
Mobiliario y equipo
Acondicionamiento (m)
Computadoras y maquinas
Otros
Depreciacin acumulada:
Total activo fijo
$0
$0
$0
$99,167
$49,583
$49,583
$24,792
-$1,875
$223,125
$0
$0
$0
$98,333
$49,167
$49,167
$24,583
-$3,750
$221,250
$0
$0
$0
$97,500
$48,750
$48,750
$24,375
-$5,625
$219,375
$0
$0
$0
$96,667
$48,333
$48,333
$24,167
-$7,500
$217,500
Activo total
$316,413
$298,529
$315,535
$333,176
Egresos:
Gastos fijos
Sueldos y salarios
Gastos Variables
Otros (Gtos de Venta, etc.)
Total costos
Utilidad antes de I,I,D,A.
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:
Panaderia Antonio
Balance General
Activo circulante
Caja y bancos
Clientes
Inventarios.
Total activo circulante
Pasivo Circulante
Proveedores
Crditos bancarios
Total pasivo circulante
$39,690
$10,000
$49,690
$4,487
$9,466
$13,953
$4,550
$8,933
$13,482
$4,613
$8,399
$13,012
$0
$0
$0
$0
$49,690
$13,953
$13,482
$13,012
Capital Contable
Capital social
Resultados de ejercicios anteriores
Resultado del ejercicio
Total Capital Contable
$250,000
$0
$16,723
$266,723
$251,000
$16,723
$16,853
$284,576
$251,000
$33,576
$17,477
$302,053
$251,000
$51,053
$18,111
$320,164
Pasivo + Capital
$316,413
$298,529
$315,535
$333,176
$16,723
-$1,875
$18,598
$16,853
-$1,875
$18,728
$17,477
-$1,875
$19,352
$18,111
-$1,875
$19,986
$0
-$9,832
-$9,832
$0
-$138
-$138
$0
-$140
-$140
$0
-$142
-$142
$39,690
$39,690
-$35,203
-$35,203
$63
$63
$64
$64
$48,456
-$16,614
$19,275
$19,908
$10,000
$0
$10,000
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$225,000
$0
$0
-$225,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$250,000
$250,000
$1,000
$1,000
$0
$0
$0
$0
$35,000
$83,456
$466
-$16,147
-$534
$18,741
-$534
$19,374
$0
$83,456
$83,456
$67,309
$67,309
$86,050
$86,050
$105,424
Panaderia Antonio
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
Fuentes de Instituciones de Crdito
Financ. (amort.) crditos bancarios corto plazo
Financ. (amort.) crditos bancarios largo plazo
Financiamiento neto con costo
Usos no operativos
Venta (inversin) en activos fijos
Venta (inversin) en activos diferidos
Pago de dividendos
Total de usos no operativos
Fuentes no operativas
Aportaciones (retiros) de capital
Total fuentes no operativas
Generacin de flujo no operativa
Generacin Neta de Flujo de Efectivo
Caja inicial
Caja final
Razones Financieras
Actividad
Conversin de Activo Fijo a Ventas Net.
Conversin de Capital a Ventas Netas
% del Costo vs. Ventas
Apalancamiento
Endeudamiento
Pasivo total a capital contable
Productividad
Utilidad de operacin a ventas netas
Utilidad neta a ventas netas
0.87
0.73
84.46%
0.89
0.69
84.56%
0.91
0.66
84.20%
0.93
0.63
83.85%
16%
18.63%
5%
4.90%
4%
4.46%
4%
4.06%
15.54%
8.62%
15.44%
8.57%
15.80%
8.76%
16.15%
8.96%
$0
$0
$0
$99,167
$49,583
$49,583
$24,792
$223,125
$0
$0
$0
$98,333
$49,167
$49,167
$24,583
$221,250
$0
$0
$0
$97,500
$48,750
$48,750
$24,375
$219,375
$0
$0
$0
$96,667
$48,333
$48,333
$24,167
$217,500
$0
$0
$0
$100,000
$50,000
$50,000
$25,000
$225,000
$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
-$833
-$417
-$417
-$208
-$1,875
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208
-$3,750.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$5,625.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$7,500.00
-$1,875
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%
0.40%
0.40%
0.40%
0.40%
Mes 5
Mes 6
Mes 7
Mes 8
Mes 9
Mes 10
Mes 11
Mes 12
$205,042
$0
$207,921
$0
$210,840
$0
$213,800
$0
$216,802
$0
$222,023
$0
$227,369
$0
$232,844
$0
$0
$0
$205,042
$0
$0
$207,921
$0
$0
$210,840
$0
$0
$213,800
$0
$0
$216,802
$0
$0
$222,023
$0
$0
$227,369
$0
$0
$232,844
$16,766
$50,756
$92,699
$10,995
$171,216
$16,833
$51,188
$93,626
$11,259
$172,906
$16,900
$51,626
$94,562
$11,529
$174,618
$16,968
$52,070
$95,508
$11,806
$176,351
$17,035
$52,520
$96,463
$12,089
$178,108
$17,104
$53,303
$98,392
$12,379
$181,179
$17,172
$54,105
$100,360
$12,677
$184,314
$17,241
$54,927
$102,367
$12,981
$187,515
$33,826
-$808
$34,634
-$534
$0
$34,100
$11,935
$3,410
$18,755
9.15%
$35,015
-$808
$35,823
-$534
$0
$35,289
$12,351
$3,529
$19,409
9.33%
$36,223
-$808
$37,030
-$534
$0
$36,496
$12,774
$3,650
$20,073
9.52%
$37,449
-$808
$38,256
-$534
$0
$37,723
$13,203
$3,772
$20,747
9.70%
$38,694
-$808
$39,502
-$534
$0
$38,968
$13,639
$3,897
$21,432
9.89%
$40,844
-$808
$41,651
-$534
$0
$41,118
$14,391
$4,112
$22,615
10.19%
$43,055
-$808
$43,862
-$534
$0
$43,329
$15,165
$4,333
$23,831
10.48%
$45,329
-$1,016
$46,344
-$534
$0
$45,811
$16,034
$4,581
$25,196
10.82%
$125,441
$0
$10,396
$135,837
$146,111
$0
$10,542
$156,653
$167,444
$0
$10,690
$178,134
$189,450
$0
$10,840
$200,290
$212,080
$0
$11,101
$223,181
$235,889
$0
$11,368
$247,257
$260,911
$0
$11,642
$272,553
$262,561
$0
$11,815
$274,376
$0
$0
$0
$95,833
$47,917
$47,917
$23,958
-$9,375
$215,625
$0
$0
$0
$95,000
$47,500
$47,500
$23,750
-$11,250
$213,750
$0
$0
$0
$94,167
$47,083
$47,083
$23,542
-$13,125
$211,875
$0
$0
$0
$93,333
$46,667
$46,667
$23,333
-$15,000
$210,000
$0
$0
$0
$92,500
$46,250
$46,250
$23,125
-$16,875
$208,125
$0
$0
$0
$91,667
$45,833
$45,833
$22,917
-$18,750
$206,250
$0
$0
$0
$90,833
$45,417
$45,417
$22,708
-$20,625
$204,375
$0
$0
$0
$90,000
$45,000
$69,792
$22,500
-$22,708
$227,292
$351,462
$370,403
$390,009
$410,290
$431,306
$453,507
$476,928
$501,668
$4,678
$7,865
$12,543
$4,744
$7,331
$12,075
$4,811
$6,798
$11,608
$4,878
$6,264
$11,142
$4,996
$5,730
$10,726
$5,116
$5,197
$10,312
$5,239
$4,663
$9,902
$5,317
$4,129
$9,446
$0
$0
$0
$0
$0
$0
$0
$0
$12,543
$12,075
$11,608
$11,142
$10,726
$10,312
$9,902
$9,446
$251,000
$69,164
$18,755
$338,919
$251,000
$87,919
$19,409
$358,328
$251,000
$107,328
$20,073
$378,401
$251,000
$127,401
$20,747
$399,148
$251,000
$148,148
$21,432
$420,580
$251,000
$169,580
$22,615
$443,195
$251,000
$192,195
$23,831
$467,026
$251,000
$216,026
$25,196
$492,222
$351,462
$370,403
$390,009
$410,290
$431,306
$453,507
$476,928
$501,668
$18,755
-$1,875
$20,630
$19,409
-$1,875
$21,284
$20,073
-$1,875
$21,948
$20,747
-$1,875
$22,622
$21,432
-$1,875
$23,307
$22,615
-$1,875
$24,490
$23,831
-$1,875
$25,706
$25,196
-$2,083
$27,279
$0
-$144
-$144
$0
-$146
-$146
$0
-$148
-$148
$0
-$150
-$150
$0
-$261
-$261
$0
-$267
-$267
$0
-$274
-$274
$0
-$173
-$173
$65
$65
$66
$66
$67
$67
$68
$68
$117
$117
$120
$120
$123
$123
$78
$78
$20,551
$21,204
$21,867
$22,540
$23,164
$24,343
$25,555
$27,184
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$25,000
$0
$0
-$25,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$534
$20,017
-$534
$20,670
-$534
$21,333
-$534
$22,006
-$534
$22,630
-$534
$23,809
-$534
$25,022
-$25,534
$1,650
$105,424
$125,441
$125,441
$146,111
$146,111
$167,444
$167,444
$189,450
$189,450
$212,080
$212,080
$235,889
$235,889
$260,911
$260,911
$262,561
0.95
0.60
83.50%
0.97
0.58
83.16%
1.00
0.56
82.82%
1.02
0.54
82.48%
1.04
0.52
82.15%
1.08
0.50
81.60%
1.11
0.49
81.06%
1.02
0.47
80.53%
4%
3.70%
3%
3.37%
3%
3.07%
3%
2.79%
2%
2.55%
2%
2.33%
2%
2.12%
2%
1.92%
16.50%
9.15%
16.84%
9.33%
17.18%
9.52%
17.52%
9.70%
17.85%
9.89%
18.40%
10.19%
18.94%
10.48%
19.47%
10.82%
$0
$0
$0
$95,833
$47,917
$47,917
$23,958
$215,625
$0
$0
$0
$95,000
$47,500
$47,500
$23,750
$213,750
$0
$0
$0
$94,167
$47,083
$47,083
$23,542
$211,875
$0
$0
$0
$93,333
$46,667
$46,667
$23,333
$210,000
$0
$0
$0
$92,500
$46,250
$46,250
$23,125
$208,125
$0
$0
$0
$91,667
$45,833
$45,833
$22,917
$206,250
$0
$0
$0
$90,833
$45,417
$45,417
$22,708
$204,375
$0
$0
$0
$90,000
$45,000
$69,792
$22,500
$227,292
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$25,000
$0
$25,000
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$9,375.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$11,250.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$13,125.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$15,000.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$16,875.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$18,750.00
-$1,875
$0
$0
$0
-$833
-$417
-$417
-$208.33
-$20,625.00
-$1,875
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$22,708.33
-$2,083
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
AO 1
Acumulado
Mes 13
Mes 14
Mes 15
Mes 16
Mes 17
Mes 18
Mes 19
$2,528,810
$0
$0
$0
$0
$2,528,810
$236,309
$0
$239,826
$0
$243,395
$0
$247,017
$0
$250,693
$0
$254,424
$0
$255,653
$0
$0
$0
$236,309
$0
$0
$239,826
$0
$0
$243,395
$0
$0
$247,017
$0
$0
$250,693
$0
$0
$254,424
$0
$0
$255,653
$202,415
$619,321
$1,134,805
$137,178
$2,093,719
$17,310
$93,068
$103,391
$13,292
$227,061
$17,379
$93,596
$104,425
$13,611
$229,011
$17,448
$94,131
$105,469
$13,938
$230,987
$17,518
$94,674
$106,524
$14,272
$232,989
$17,588
$95,226
$107,589
$14,615
$235,018
$17,659
$95,785
$108,665
$14,966
$237,075
$17,729
$95,970
$108,665
$15,325
$237,689
$435,091
-$22,708
$457,799
-$6,405
$0
$451,394
$157,988
$45,139
$248,267
9.82%
$9,248
-$1,016
$10,264
-$534
$0
$9,730
$3,406
$973
$5,352
2.26%
$10,815
-$1,016
$11,831
-$534
$0
$11,297
$3,954
$1,130
$6,213
2.59%
$12,408
-$1,016
$13,424
-$534
$0
$12,890
$4,512
$1,289
$7,090
2.91%
$14,028
-$1,016
$15,044
-$534
$0
$14,510
$5,079
$1,451
$7,981
3.23%
$15,675
-$1,016
$16,691
-$534
$0
$16,157
$5,655
$1,616
$8,886
3.54%
$17,349
-$1,016
$18,365
-$534
$0
$17,831
$6,241
$1,783
$9,807
3.85%
$17,964
-$1,016
$18,980
-$534
$0
$18,446
$6,456
$1,845
$10,146
3.97%
$262,561
$0
$11,815
$274,376
$269,365
$0
$11,991
$281,357
$277,030
$0
$12,170
$289,200
$285,570
$0
$12,351
$297,921
$294,999
$0
$12,535
$307,533
$305,332
$0
$12,721
$318,053
$316,655
$0
$12,783
$329,438
$328,316
$0
$12,844
$341,161
$0
$0
$0
$90,000
$45,000
$69,792
$22,500
-$22,708
$227,292
$0
$0
$0
$89,167
$44,583
$69,167
$22,292
-$24,792
$225,208
$0
$0
$0
$88,333
$44,167
$68,542
$22,083
-$26,875
$223,125
$0
$0
$0
$87,500
$43,750
$67,917
$21,875
-$28,958
$221,042
$0
$0
$0
$86,667
$43,333
$67,292
$21,667
-$31,042
$218,958
$0
$0
$0
$85,833
$42,917
$66,667
$21,458
-$33,125
$216,875
$0
$0
$0
$85,000
$42,500
$66,042
$21,250
-$35,208
$214,792
$0
$0
$0
$84,167
$42,083
$65,417
$21,042
-$37,292
$212,708
$501,668
$506,565
$512,325
$518,962
$526,492
$534,928
$544,229
$553,869
$5,317
$4,129
$9,446
$5,396
$3,595
$8,991
$5,476
$3,062
$8,538
$5,558
$2,528
$8,086
$5,641
$1,994
$7,635
$5,725
$1,461
$7,185
$5,752
$927
$6,679
$5,780
$393
$6,173
$0
$0
$0
$0
$0
$0
$0
$0
$9,446
$8,991
$8,538
$8,086
$7,635
$7,185
$6,679
$6,173
$251,000
$216,026
$25,196
$492,222
$251,000
$241,222
$5,352
$497,573
$251,000
$246,573
$6,213
$503,787
$251,000
$252,787
$7,090
$510,876
$251,000
$259,876
$7,981
$518,857
$251,000
$267,857
$8,886
$527,743
$251,000
$276,743
$9,807
$537,550
$251,000
$286,550
$10,146
$547,696
$501,668
$506,565
$512,325
$518,962
$526,492
$534,928
$544,229
$553,869
$248,267
-$1,892
$250,159
$5,352
-$2,083
$7,435
$6,213
-$2,083
$8,297
$7,090
-$2,083
$9,173
$7,981
-$2,083
$10,064
$8,886
-$2,083
$10,970
$9,807
-$2,083
$11,890
$10,146
-$2,083
$12,229
$0
$0
$0
$0
-$176
-$176
$0
-$178
-$178
$0
-$181
-$181
$0
-$184
-$184
$0
-$187
-$187
$0
-$61
-$61
$0
-$62
-$62
$0
$0
$79
$79
$80
$80
$81
$81
$83
$83
$84
$84
$28
$28
$28
$28
$250,159
$7,338
$8,199
$9,073
$9,963
$10,867
$11,857
$12,195
$4,129
$0
$4,129
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$534
$0
-$534
-$250,000
$0
$0
-$250,000
$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
$251,000
$251,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,129
$255,288
-$534
$6,804
-$534
$7,665
-$534
$8,540
-$534
$9,429
-$534
$10,333
-$534
$11,323
-$534
$11,661
$262,561
$517,849
$262,561
$269,365
$269,365
$277,030
$277,030
$285,570
$285,570
$294,999
$294,999
$305,332
$305,332
$316,655
$316,655
$328,316
11.13
5.14
82.79%
1.05
0.47
96.09%
1.07
0.48
95.49%
1.10
0.48
94.90%
1.13
0.48
94.32%
1.16
0.48
93.75%
1.18
0.47
93.18%
1.20
0.47
92.97%
2%
1.92%
2%
1.81%
2%
1.69%
2%
1.58%
1%
1.47%
1%
1.36%
1%
1.24%
1%
1.13%
17.21%
9.82%
3.91%
2.26%
4.51%
2.59%
5.10%
2.91%
5.68%
3.23%
6.25%
3.54%
6.82%
3.85%
7.03%
3.97%
$0
$0
$0
$90,000
$45,000
$69,792
$22,500
$227,292
$0
$0
$0
$89,167
$44,583
$69,167
$22,292
$225,208
$0
$0
$0
$88,333
$44,167
$68,542
$22,083
$223,125
$0
$0
$0
$87,500
$43,750
$67,917
$21,875
$221,042
$0
$0
$0
$86,667
$43,333
$67,292
$21,667
$218,958
$0
$0
$0
$85,833
$42,917
$66,667
$21,458
$216,875
$0
$0
$0
$85,000
$42,500
$66,042
$21,250
$214,792
$0
$0
$0
$84,167
$42,083
$65,417
$21,042
$212,708
$0
$0
$0
$100,000
$50,000
$75,000
$25,000
$250,000
$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
-$10,000
-$5,000
-$5,208
-$2,500
-$22,708.33
-$1,892
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$24,791.67
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$26,875.00
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$28,958.33
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$31,041.67
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$33,125.00
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$35,208.33
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$37,291.67
-$2,083
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 20
Mes 21
Mes 22
Mes 23
Mes 24
$256,889
$0
$258,131
$0
$259,378
$0
$260,632
$0
$261,892
$0
$0
$0
$256,889
$0
$0
$258,131
$0
$0
$259,378
$0
$0
$260,632
$17,800
$96,155
$108,665
$15,693
$238,313
$17,871
$96,341
$108,665
$16,069
$238,947
$17,943
$96,529
$108,665
$16,455
$239,592
$18,576
-$1,016
$19,592
-$534
$0
$19,058
$6,670
$1,906
$10,482
4.08%
$19,183
-$1,016
$20,199
-$534
$0
$19,666
$6,883
$1,967
$10,816
4.19%
$340,454
$0
$12,907
$353,361
AO 2
Acumulado
Mes 25
Mes 26
$268,643
$0
$275,569
$0
$0
$0
$261,892
$3,024,237
$0
$0
$0
$0
$3,024,237
$0
$0
$268,643
$0
$0
$275,569
$18,015
$96,717
$108,665
$16,850
$240,246
$18,087
$96,906
$108,665
$17,254
$240,912
$212,347
$1,145,098
$1,288,053
$182,341
$2,827,839
$18,159
$97,918
$110,838
$17,668
$244,584
$18,232
$98,957
$113,055
$18,093
$248,336
$19,787
-$1,016
$20,803
-$534
$0
$20,269
$7,094
$2,027
$11,148
4.30%
$20,386
-$1,016
$21,402
-$534
$0
$20,868
$7,304
$2,087
$11,477
4.40%
$20,980
-$2,500
$23,480
$0
$0
$23,480
$8,218
$2,348
$12,914
4.93%
$196,398
-$25,417
$221,815
-$5,871
$0
$215,944
$75,580
$21,594
$118,769
3.93%
$24,059
-$2,500
$26,559
$0
$0
$26,559
$9,296
$2,656
$14,607
5.44%
$27,232
-$2,500
$29,732
$0
$0
$29,732
$10,406
$2,973
$16,353
5.93%
$353,319
$0
$12,969
$366,288
$366,516
$0
$13,032
$379,548
$380,042
$0
$13,095
$393,137
$345,270
$0
$13,432
$358,702
$345,270
$0
$13,432
$358,702
$362,187
$0
$13,778
$375,966
$380,845
$0
$14,134
$394,978
$0
$0
$0
$83,333
$41,667
$64,792
$20,833
-$39,375
$210,625
$0
$0
$0
$82,500
$41,250
$64,167
$20,625
-$41,458
$208,542
$0
$0
$0
$81,667
$40,833
$63,542
$20,417
-$43,542
$206,458
$0
$0
$0
$80,833
$40,417
$62,917
$20,208
-$45,625
$204,375
$0
$0
$0
$80,000
$89,583
$62,292
$20,000
-$48,125
$251,875
$0
$0
$0
$80,000
$89,583
$62,292
$20,000
-$48,125
$251,875
$0
$0
$0
$79,167
$88,750
$61,667
$19,792
-$50,625
$249,375
$0
$0
$0
$78,333
$87,917
$61,042
$19,583
-$53,125
$246,875
$563,986
$574,830
$586,006
$597,512
$610,577
$610,577
$625,341
$641,853
$5,808
$0
$5,808
$5,836
$0
$5,836
$5,864
$0
$5,864
$5,893
$0
$5,893
$6,044
$0
$6,044
$6,044
$0
$6,044
$6,200
$0
$6,200
$6,360
$0
$6,360
$0
$0
$0
$0
$0
$0
$0
$0
$5,808
$5,836
$5,864
$5,893
$6,044
$6,044
$6,200
$6,360
$251,000
$296,696
$10,482
$558,178
$251,000
$307,178
$10,816
$568,994
$251,000
$317,994
$11,148
$580,142
$251,000
$329,142
$11,477
$591,619
$251,000
$340,619
$12,914
$604,533
$251,000
$340,619
$12,914
$604,533
$251,000
$353,533
$14,607
$619,140
$251,000
$368,140
$16,353
$635,493
$563,986
$574,830
$586,006
$597,512
$610,577
$610,577
$625,341
$641,853
$10,482
-$2,083
$12,565
$10,816
-$2,083
$12,899
$11,148
-$2,083
$13,231
$11,477
-$2,083
$13,561
$12,914
-$2,500
$15,414
$118,769
-$4,010
$122,780
$14,607
-$2,500
$17,107
$16,353
-$2,500
$18,853
$0
-$62
-$62
$0
-$62
-$62
$0
-$63
-$63
$0
-$63
-$63
$0
-$338
-$338
$0
$0
$0
$0
-$346
-$346
$0
-$355
-$355
$28
$28
$28
$28
$28
$28
$28
$28
$152
$152
$0
$0
$156
$156
$160
$160
$12,531
$12,865
$13,197
$13,526
$15,228
$122,780
$16,917
$18,657
-$393
$0
-$393
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$4,129
$0
-$4,129
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$50,000
$0
$0
-$50,000
-$50,000
$0
$0
-$50,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$393
$12,138
$0
$12,865
$0
$13,197
$0
$13,526
-$50,000
-$34,772
-$54,129
$68,650
$0
$16,917
$0
$18,657
$328,316
$340,454
$340,454
$353,319
$353,319
$366,516
$366,516
$380,042
$380,042
$345,270
$345,270
$413,921
$345,270
$362,187
$362,187
$380,845
1.22
0.46
92.77%
1.24
0.45
92.57%
1.26
0.45
92.37%
1.28
0.44
92.18%
1.04
0.43
91.99%
12.01
5.00
93.51%
1.08
0.43
91.04%
1.12
0.43
90.12%
1%
1.04%
1%
1.03%
1%
1.01%
1%
1.00%
1%
1.00%
1%
1.00%
1%
1.00%
1%
1.00%
7.23%
4.08%
7.43%
4.19%
7.63%
4.30%
7.82%
4.40%
8.01%
4.93%
6.49%
3.93%
8.96%
5.44%
9.88%
5.93%
$0
$0
$0
$83,333
$41,667
$64,792
$20,833
$210,625
$0
$0
$0
$82,500
$41,250
$64,167
$20,625
$208,542
$0
$0
$0
$81,667
$40,833
$63,542
$20,417
$206,458
$0
$0
$0
$80,833
$40,417
$62,917
$20,208
$204,375
$0
$0
$0
$80,000
$89,583
$62,292
$20,000
$251,875
$0
$0
$0
$80,000
$89,583
$62,292
$20,000
$251,875
$0
$0
$0
$79,167
$88,750
$61,667
$19,792
$249,375
$0
$0
$0
$78,333
$87,917
$61,042
$19,583
$246,875
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$50,000
$0
$0
$50,000
$0
$0
$0
$0
$50,000
$0
$0
$50,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$39,375.00
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$41,458.33
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$43,541.67
-$2,083
$0
$0
$0
-$833
-$417
-$625
-$208.33
-$45,625.00
-$2,083
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$48,125.00
-$2,500
$0
$0
$0
-$10,000
-$5,417
-$7,500
-$2,500
-$48,125.00
-$4,010
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$50,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$53,125.00
-$2,500
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 27
Mes 28
Mes 29
Mes 30
Mes 31
Mes 32
Mes 33
Mes 34
$282,673
$0
$287,118
$0
$291,632
$0
$296,217
$0
$306,833
$0
$317,829
$0
$329,219
$0
$341,017
$0
$0
$0
$282,673
$0
$0
$287,118
$0
$0
$291,632
$0
$0
$296,217
$0
$0
$306,833
$0
$0
$317,829
$0
$0
$329,219
$0
$0
$341,017
$18,305
$100,023
$115,316
$18,527
$252,170
$18,378
$100,689
$116,469
$18,971
$254,508
$18,451
$101,367
$117,634
$19,427
$256,879
$18,525
$102,054
$118,810
$19,893
$259,283
$18,599
$103,647
$122,375
$20,370
$264,991
$18,674
$105,296
$126,046
$20,859
$270,875
$18,748
$107,005
$129,827
$21,360
$276,940
$18,823
$108,774
$133,722
$21,873
$283,192
$30,503
-$2,500
$33,003
$0
$0
$33,003
$11,551
$3,300
$18,151
6.42%
$32,610
-$2,500
$35,110
$0
$0
$35,110
$12,288
$3,511
$19,310
6.73%
$34,753
-$2,500
$37,253
$0
$0
$37,253
$13,039
$3,725
$20,489
7.03%
$36,934
-$2,500
$39,434
$0
$0
$39,434
$13,802
$3,943
$21,689
7.32%
$41,842
-$2,500
$44,342
$0
$0
$44,342
$15,520
$4,434
$24,388
7.95%
$46,954
-$2,500
$49,454
$0
$0
$49,454
$17,309
$4,945
$27,200
8.56%
$52,278
-$2,500
$54,778
$0
$0
$54,778
$19,172
$5,478
$30,128
9.15%
$57,824
-$2,500
$60,324
$0
$0
$60,324
$21,114
$6,032
$33,178
9.73%
$401,374
$0
$14,356
$415,730
$423,060
$0
$14,582
$437,642
$445,923
$0
$14,811
$460,734
$469,820
$0
$15,342
$485,162
$496,406
$0
$15,891
$512,297
$525,792
$0
$16,461
$542,253
$558,096
$0
$17,051
$575,147
$593,438
$0
$17,662
$611,100
$0
$0
$0
$77,500
$87,083
$60,417
$19,375
-$55,625
$244,375
$0
$0
$0
$76,667
$86,250
$59,792
$19,167
-$58,125
$241,875
$0
$0
$0
$75,833
$85,417
$59,167
$18,958
-$60,625
$239,375
$0
$0
$0
$75,000
$84,583
$58,542
$18,750
-$63,125
$236,875
$0
$0
$0
$74,167
$83,750
$57,917
$18,542
-$65,625
$234,375
$0
$0
$0
$73,333
$82,917
$57,292
$18,333
-$68,125
$231,875
$0
$0
$0
$72,500
$82,083
$56,667
$18,125
-$70,625
$229,375
$0
$0
$0
$71,667
$81,250
$56,042
$17,917
-$73,125
$226,875
$660,105
$679,517
$700,109
$722,037
$746,672
$774,128
$804,522
$837,975
$6,460
$0
$6,460
$6,562
$0
$6,562
$6,665
$0
$6,665
$6,904
$0
$6,904
$7,151
$0
$7,151
$7,407
$0
$7,407
$7,673
$0
$7,673
$7,948
$0
$7,948
$0
$0
$0
$0
$0
$0
$0
$0
$6,460
$6,562
$6,665
$6,904
$7,151
$7,407
$7,673
$7,948
$251,000
$384,493
$18,151
$653,645
$251,000
$402,645
$19,310
$672,955
$251,000
$421,955
$20,489
$693,444
$251,000
$442,444
$21,689
$715,133
$251,000
$464,133
$24,388
$739,521
$251,000
$488,521
$27,200
$766,721
$251,000
$515,721
$30,128
$796,849
$251,000
$545,849
$33,178
$830,027
$660,105
$679,517
$700,109
$722,037
$746,672
$774,128
$804,522
$837,975
$18,151
-$2,500
$20,651
$19,310
-$2,500
$21,810
$20,489
-$2,500
$22,989
$21,689
-$2,500
$24,189
$24,388
-$2,500
$26,888
$27,200
-$2,500
$29,700
$30,128
-$2,500
$32,628
$33,178
-$2,500
$35,678
$0
-$222
-$222
$0
-$226
-$226
$0
-$229
-$229
$0
-$531
-$531
$0
-$550
-$550
$0
-$569
-$569
$0
-$590
-$590
$0
-$611
-$611
$100
$100
$102
$102
$103
$103
$239
$239
$247
$247
$256
$256
$265
$265
$275
$275
$20,529
$21,686
$22,863
$23,897
$26,586
$29,386
$32,304
$35,342
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$20,529
$0
$21,686
$0
$22,863
$0
$23,897
$0
$26,586
$0
$29,386
$0
$32,304
$0
$35,342
$380,845
$401,374
$401,374
$423,060
$423,060
$445,923
$445,923
$469,820
$469,820
$496,406
$496,406
$525,792
$525,792
$558,096
$558,096
$593,438
1.16
0.43
89.21%
1.19
0.43
88.64%
1.22
0.42
88.08%
1.25
0.41
87.53%
1.31
0.41
86.36%
1.37
0.41
85.23%
1.44
0.41
84.12%
1.50
0.41
83.04%
1%
0.99%
1%
0.98%
1%
0.96%
1%
0.97%
1%
0.97%
1%
0.97%
1%
0.96%
1%
0.96%
10.79%
6.42%
11.36%
6.73%
11.92%
7.03%
12.47%
7.32%
13.64%
7.95%
14.77%
8.56%
15.88%
9.15%
16.96%
9.73%
$0
$0
$0
$77,500
$87,083
$60,417
$19,375
$244,375
$0
$0
$0
$76,667
$86,250
$59,792
$19,167
$241,875
$0
$0
$0
$75,833
$85,417
$59,167
$18,958
$239,375
$0
$0
$0
$75,000
$84,583
$58,542
$18,750
$236,875
$0
$0
$0
$74,167
$83,750
$57,917
$18,542
$234,375
$0
$0
$0
$73,333
$82,917
$57,292
$18,333
$231,875
$0
$0
$0
$72,500
$82,083
$56,667
$18,125
$229,375
$0
$0
$0
$71,667
$81,250
$56,042
$17,917
$226,875
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$55,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$58,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$60,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$63,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$65,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$68,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$70,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$73,125.00
-$2,500
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 35
Mes 36
$353,238
$0
$365,896
$0
$0
$0
$353,238
AO 3
Acumulado
Mes 37
Mes 38
Mes 39
Mes 40
Mes 41
$366,811
$0
$367,728
$0
$368,648
$0
$369,569
$0
$370,493
$0
$0
$0
$365,896
$3,715,883
$0
$0
$0
$0
$3,715,883
$0
$0
$366,811
$0
$0
$367,728
$0
$0
$368,648
$0
$0
$369,569
$0
$0
$370,493
$18,899
$110,607
$137,734
$22,397
$289,637
$18,974
$112,506
$141,866
$22,935
$296,281
$222,767
$1,248,845
$1,483,693
$242,373
$3,197,678
$19,050
$112,644
$142,220
$23,485
$297,400
$19,126
$112,781
$142,576
$24,049
$298,532
$19,203
$112,919
$142,932
$24,626
$299,681
$19,280
$113,057
$143,290
$25,217
$300,844
$19,357
$113,196
$143,648
$25,822
$302,023
$63,600
-$2,500
$66,100
$0
$0
$66,100
$23,135
$6,610
$36,355
10.29%
$69,615
-$2,500
$72,115
$0
$0
$72,115
$25,240
$7,212
$39,663
10.84%
$518,205
-$30,000
$548,205
$0
$0
$548,205
$191,872
$54,821
$301,513
8.11%
$69,412
-$2,500
$71,912
$0
$0
$71,912
$25,169
$7,191
$39,551
10.78%
$69,196
-$2,500
$71,696
$0
$0
$71,696
$25,094
$7,170
$39,433
10.72%
$68,967
-$2,500
$71,467
$0
$0
$71,467
$25,013
$7,147
$39,307
10.66%
$68,725
-$2,500
$71,225
$0
$0
$71,225
$24,929
$7,123
$39,174
10.60%
$68,470
-$2,500
$70,970
$0
$0
$70,970
$24,840
$7,097
$39,034
10.54%
$631,945
$0
$18,295
$650,240
$674,084
$0
$18,341
$692,424
$674,084
$0
$18,341
$692,424
$716,110
$0
$18,386
$734,496
$758,017
$0
$18,432
$776,450
$799,799
$0
$18,478
$818,277
$841,447
$0
$18,525
$859,972
$882,955
$0
$18,571
$901,526
$0
$0
$0
$70,833
$80,417
$55,417
$17,708
-$75,625
$224,375
$0
$0
$0
$70,000
$79,583
$54,792
$17,500
-$78,125
$221,875
$0
$0
$0
$70,000
$79,583
$54,792
$17,500
-$78,125
$221,875
$0
$0
$0
$69,167
$78,750
$54,167
$17,292
-$80,625
$219,375
$0
$0
$0
$68,333
$77,917
$53,542
$17,083
-$83,125
$216,875
$0
$0
$0
$67,500
$77,083
$52,917
$16,875
-$85,625
$214,375
$0
$0
$0
$66,667
$76,250
$52,292
$16,667
-$88,125
$211,875
$0
$0
$0
$65,833
$75,417
$51,667
$16,458
-$90,625
$209,375
$874,615
$914,299
$914,299
$953,871
$993,325
$1,032,652
$1,071,847
$1,110,901
$8,233
$0
$8,233
$8,253
$0
$8,253
$8,253
$0
$8,253
$8,274
$0
$8,274
$8,295
$0
$8,295
$8,315
$0
$8,315
$8,336
$0
$8,336
$8,357
$0
$8,357
$0
$0
$0
$0
$0
$0
$0
$0
$8,233
$8,253
$8,253
$8,274
$8,295
$8,315
$8,336
$8,357
$251,000
$579,027
$36,355
$866,382
$251,000
$615,382
$39,663
$906,046
$251,000
$615,382
$39,663
$906,046
$251,000
$655,046
$39,551
$945,597
$251,000
$694,597
$39,433
$985,030
$251,000
$734,030
$39,307
$1,024,337
$251,000
$773,337
$39,174
$1,063,511
$251,000
$812,511
$39,034
$1,102,544
$874,615
$914,299
$914,299
$953,871
$993,325
$1,032,652
$1,071,847
$1,110,901
$36,355
-$2,500
$38,855
$39,663
-$2,500
$42,163
$301,513
-$6,510
$308,023
$39,551
-$2,500
$42,051
$39,433
-$2,500
$41,933
$39,307
-$2,500
$41,807
$39,174
-$2,500
$41,674
$39,034
-$2,500
$41,534
$0
-$633
-$633
$0
-$46
-$46
$0
$0
$0
$0
-$46
-$46
$0
-$46
-$46
$0
-$46
-$46
$0
-$46
-$46
$0
-$46
-$46
$285
$285
$21
$21
$0
$0
$21
$21
$21
$21
$21
$21
$21
$21
$21
$21
$38,507
$42,138
$308,023
$42,026
$41,907
$41,782
$41,648
$41,508
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$38,507
$0
$42,138
$0
$308,023
$0
$42,026
$0
$41,907
$0
$41,782
$0
$41,648
$0
$41,508
$593,438
$631,945
$631,945
$674,084
$674,084
$982,107
$674,084
$716,110
$716,110
$758,017
$758,017
$799,799
$799,799
$841,447
$841,447
$882,955
1.57
0.41
82.00%
1.65
0.40
80.97%
16.75
4.10
86.05%
1.67
0.39
81.08%
1.70
0.37
81.18%
1.72
0.36
81.29%
1.74
0.35
81.40%
1.77
0.34
81.52%
1%
0.95%
1%
0.91%
1%
0.91%
1%
0.87%
1%
0.84%
1%
0.81%
1%
0.78%
1%
0.76%
18.00%
10.29%
19.03%
10.84%
13.95%
8.11%
18.92%
10.78%
18.82%
10.72%
18.71%
10.66%
18.60%
10.60%
18.48%
10.54%
$0
$0
$0
$70,833
$80,417
$55,417
$17,708
$224,375
$0
$0
$0
$70,000
$79,583
$54,792
$17,500
$221,875
$0
$0
$0
$70,000
$79,583
$54,792
$17,500
$221,875
$0
$0
$0
$69,167
$78,750
$54,167
$17,292
$219,375
$0
$0
$0
$68,333
$77,917
$53,542
$17,083
$216,875
$0
$0
$0
$67,500
$77,083
$52,917
$16,875
$214,375
$0
$0
$0
$66,667
$76,250
$52,292
$16,667
$211,875
$0
$0
$0
$65,833
$75,417
$51,667
$16,458
$209,375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$75,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$78,125.00
-$2,500
$0
$0
$0
-$10,000
-$10,000
-$7,500
-$2,500
-$78,125.00
-$6,510
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$80,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$83,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$85,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$88,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$90,625.00
-$2,500
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 42
Mes 43
Mes 44
Mes 45
Mes 46
Mes 47
Mes 48
AO 4
Acumulado
$371,419
$0
$372,348
$0
$373,279
$0
$374,212
$0
$375,148
$0
$376,085
$0
$377,026
$0
$0
$0
$371,419
$0
$0
$372,348
$0
$0
$373,279
$0
$0
$374,212
$0
$0
$375,148
$0
$0
$376,085
$0
$0
$377,026
$4,462,766
$0
$0
$0
$0
$4,462,766
$19,434
$113,335
$144,007
$26,442
$303,218
$19,512
$113,474
$144,367
$27,077
$304,430
$19,590
$113,614
$144,728
$27,727
$305,658
$19,668
$113,754
$145,090
$28,392
$306,904
$19,747
$113,894
$145,453
$29,074
$308,167
$19,826
$114,035
$145,816
$29,771
$309,448
$19,905
$114,176
$146,181
$30,486
$310,748
$233,698
$1,360,877
$1,730,309
$322,169
$3,647,053
$68,201
-$2,500
$70,701
$0
$0
$70,701
$24,745
$7,070
$38,886
10.47%
$67,918
-$2,500
$70,418
$0
$0
$70,418
$24,646
$7,042
$38,730
10.40%
$67,620
-$2,500
$70,120
$0
$0
$70,120
$24,542
$7,012
$38,566
10.33%
$67,308
-$2,500
$69,808
$0
$0
$69,808
$24,433
$6,981
$38,394
10.26%
$66,980
-$2,500
$69,480
$0
$0
$69,480
$24,318
$6,948
$38,214
10.19%
$66,637
-$2,500
$69,137
$0
$0
$69,137
$24,198
$6,914
$38,025
10.11%
$66,278
-$2,500
$68,778
$0
$0
$68,778
$24,072
$6,878
$37,828
10.03%
$815,713
-$30,000
$845,713
$0
$0
$845,713
$295,999
$84,571
$465,142
10.42%
$924,315
$0
$18,617
$942,933
$965,520
$0
$18,664
$984,183
$1,006,560
$0
$18,711
$1,025,271
$1,047,429
$0
$18,757
$1,066,186
$1,088,117
$0
$18,804
$1,106,921
$1,128,617
$0
$18,851
$1,147,468
$1,168,932
$0
$18,875
$1,187,807
$1,168,932
$0
$18,875
$1,187,807
$0
$0
$0
$65,000
$74,583
$51,042
$16,250
-$93,125
$206,875
$0
$0
$0
$64,167
$73,750
$50,417
$16,042
-$95,625
$204,375
$0
$0
$0
$63,333
$72,917
$49,792
$15,833
-$98,125
$201,875
$0
$0
$0
$62,500
$72,083
$49,167
$15,625
-$100,625
$199,375
$0
$0
$0
$61,667
$71,250
$48,542
$15,417
-$103,125
$196,875
$0
$0
$0
$60,833
$70,417
$47,917
$15,208
-$105,625
$194,375
$0
$0
$0
$60,000
$69,583
$47,292
$15,000
-$108,125
$191,875
$0
$0
$0
$60,000
$69,583
$47,292
$15,000
-$108,125
$191,875
$1,149,808
$1,188,558
$1,227,146
$1,265,561
$1,303,796
$1,341,843
$1,379,682
$1,379,682
$8,378
$0
$8,378
$8,399
$0
$8,399
$8,420
$0
$8,420
$8,441
$0
$8,441
$8,462
$0
$8,462
$8,483
$0
$8,483
$8,494
$0
$8,494
$8,494
$0
$8,494
$0
$0
$0
$0
$0
$0
$0
$0
$8,378
$8,399
$8,420
$8,441
$8,462
$8,483
$8,494
$8,494
$251,000
$851,544
$38,886
$1,141,430
$251,000
$890,430
$38,730
$1,180,160
$251,000
$929,160
$38,566
$1,218,726
$251,000
$967,726
$38,394
$1,257,120
$251,000
$1,006,120
$38,214
$1,295,335
$251,000
$1,044,335
$38,025
$1,333,360
$251,000
$1,082,360
$37,828
$1,371,188
$251,000
$1,082,360
$37,828
$1,371,188
$1,149,808
$1,188,558
$1,227,146
$1,265,561
$1,303,796
$1,341,843
$1,379,682
$1,379,682
$38,886
-$2,500
$41,386
$38,730
-$2,500
$41,230
$38,566
-$2,500
$41,066
$38,394
-$2,500
$40,894
$38,214
-$2,500
$40,714
$38,025
-$2,500
$40,525
$37,828
-$2,500
$40,328
$465,142
-$9,010
$474,152
$0
-$46
-$46
$0
-$47
-$47
$0
-$47
-$47
$0
-$47
-$47
$0
-$47
-$47
$0
-$47
-$47
$0
-$24
-$24
$0
$0
$0
$21
$21
$21
$21
$21
$21
$21
$21
$21
$21
$21
$21
$11
$11
$0
$0
$41,360
$41,204
$41,041
$40,869
$40,688
$40,500
$40,315
$474,152
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$41,360
$0
$41,204
$0
$41,041
$0
$40,869
$0
$40,688
$0
$40,500
$0
$40,315
$0
$474,152
$882,955
$924,315
$924,315
$965,520
$965,520
$1,006,560
$1,006,560
$1,047,429
$1,047,429
$1,088,117
$1,088,117
$1,128,617
$1,128,617
$1,168,932
$1,168,932
$1,643,084
1.80
0.33
81.64%
1.82
0.32
81.76%
1.85
0.31
81.88%
1.88
0.30
82.01%
1.91
0.29
82.15%
1.93
0.28
82.28%
1.96
0.27
82.42%
23.26
3.25
81.72%
1%
0.73%
1%
0.71%
1%
0.69%
1%
0.67%
1%
0.65%
1%
0.64%
1%
0.62%
1%
0.62%
18.36%
10.47%
18.24%
10.40%
18.12%
10.33%
17.99%
10.26%
17.85%
10.19%
17.72%
10.11%
17.58%
10.03%
18.28%
10.42%
$0
$0
$0
$65,000
$74,583
$51,042
$16,250
$206,875
$0
$0
$0
$64,167
$73,750
$50,417
$16,042
$204,375
$0
$0
$0
$63,333
$72,917
$49,792
$15,833
$201,875
$0
$0
$0
$62,500
$72,083
$49,167
$15,625
$199,375
$0
$0
$0
$61,667
$71,250
$48,542
$15,417
$196,875
$0
$0
$0
$60,833
$70,417
$47,917
$15,208
$194,375
$0
$0
$0
$60,000
$69,583
$47,292
$15,000
$191,875
$0
$0
$0
$60,000
$69,583
$47,292
$15,000
$191,875
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$93,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$95,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$98,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$100,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$103,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$105,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$108,125.00
-$2,500
$0
$0
$0
-$10,000
-$10,000
-$7,500
-$2,500
-$108,125.00
-$9,010
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 49
Mes 50
Mes 51
Mes 52
Mes 53
Mes 54
Mes 55
Mes 56
$377,497
$0
$377,969
$0
$378,441
$0
$378,914
$0
$379,388
$0
$379,862
$0
$380,337
$0
$380,812
$0
$0
$0
$377,497
$0
$0
$377,969
$0
$0
$378,441
$0
$0
$378,914
$0
$0
$379,388
$0
$0
$379,862
$0
$0
$380,337
$0
$0
$380,812
$19,985
$114,246
$146,364
$31,217
$311,812
$20,065
$114,317
$146,546
$31,967
$312,895
$20,145
$114,388
$146,730
$32,734
$313,997
$20,226
$114,459
$146,913
$33,520
$315,117
$20,307
$114,530
$147,097
$34,324
$316,257
$20,388
$114,601
$147,281
$35,148
$317,417
$20,469
$114,672
$147,465
$35,991
$318,598
$20,551
$114,744
$147,649
$36,855
$319,799
$65,685
-$2,500
$68,185
$0
$0
$68,185
$23,865
$6,818
$37,502
9.93%
$65,074
-$2,500
$67,574
$0
$0
$67,574
$23,651
$6,757
$37,165
9.83%
$64,445
-$2,500
$66,945
$0
$0
$66,945
$23,431
$6,694
$36,819
9.73%
$63,797
-$2,500
$66,297
$0
$0
$66,297
$23,204
$6,630
$36,463
9.62%
$63,131
-$2,500
$65,631
$0
$0
$65,631
$22,971
$6,563
$36,097
9.51%
$62,445
-$2,500
$64,945
$0
$0
$64,945
$22,731
$6,494
$35,720
9.40%
$61,739
-$2,500
$64,239
$0
$0
$64,239
$22,484
$6,424
$35,332
9.29%
$61,013
-$2,500
$63,513
$0
$0
$63,513
$22,230
$6,351
$34,932
9.17%
$1,208,920
$0
$18,898
$1,227,819
$1,248,573
$0
$18,922
$1,267,495
$1,287,879
$0
$18,946
$1,306,825
$1,326,830
$0
$18,969
$1,345,799
$1,365,413
$0
$18,993
$1,384,406
$1,403,620
$0
$19,017
$1,422,637
$1,441,438
$0
$19,041
$1,460,479
$1,478,858
$0
$19,064
$1,497,922
$0
$0
$0
$59,167
$68,750
$46,667
$14,792
-$110,625
$189,375
$0
$0
$0
$58,333
$67,917
$46,042
$14,583
-$113,125
$186,875
$0
$0
$0
$57,500
$67,083
$45,417
$14,375
-$115,625
$184,375
$0
$0
$0
$56,667
$66,250
$44,792
$14,167
-$118,125
$181,875
$0
$0
$0
$55,833
$65,417
$44,167
$13,958
-$120,625
$179,375
$0
$0
$0
$55,000
$64,583
$43,542
$13,750
-$123,125
$176,875
$0
$0
$0
$54,167
$63,750
$42,917
$13,542
-$125,625
$174,375
$0
$0
$0
$53,333
$62,917
$42,292
$13,333
-$128,125
$171,875
$1,417,194
$1,454,370
$1,491,200
$1,527,674
$1,563,781
$1,599,512
$1,634,854
$1,669,797
$8,504
$0
$8,504
$8,515
$0
$8,515
$8,526
$0
$8,526
$8,536
$0
$8,536
$8,547
$0
$8,547
$8,558
$0
$8,558
$8,568
$0
$8,568
$8,579
$0
$8,579
$0
$0
$0
$0
$0
$0
$0
$0
$8,504
$8,515
$8,526
$8,536
$8,547
$8,558
$8,568
$8,579
$251,000
$1,120,188
$37,502
$1,408,689
$251,000
$1,157,689
$37,165
$1,445,855
$251,000
$1,194,855
$36,819
$1,482,674
$251,000
$1,231,674
$36,463
$1,519,138
$251,000
$1,268,138
$36,097
$1,555,234
$251,000
$1,304,234
$35,720
$1,590,954
$251,000
$1,339,954
$35,332
$1,626,286
$251,000
$1,375,286
$34,932
$1,661,218
$1,417,194
$1,454,370
$1,491,200
$1,527,674
$1,563,781
$1,599,512
$1,634,854
$1,669,797
$37,502
-$2,500
$40,002
$37,165
-$2,500
$39,665
$36,819
-$2,500
$39,319
$36,463
-$2,500
$38,963
$36,097
-$2,500
$38,597
$35,720
-$2,500
$38,220
$35,332
-$2,500
$37,832
$34,932
-$2,500
$37,432
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$11
$39,989
$39,652
$39,306
$38,950
$38,584
$38,207
$37,818
$37,419
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$39,989
$0
$39,652
$0
$39,306
$0
$38,950
$0
$38,584
$0
$38,207
$0
$37,818
$0
$37,419
$1,168,932
$1,208,920
$1,208,920
$1,248,573
$1,248,573
$1,287,879
$1,287,879
$1,326,830
$1,326,830
$1,365,413
$1,365,413
$1,403,620
$1,403,620
$1,441,438
$1,441,438
$1,478,858
1.99
0.27
82.60%
2.02
0.26
82.78%
2.05
0.26
82.97%
2.08
0.25
83.16%
2.12
0.24
83.36%
2.15
0.24
83.56%
2.18
0.23
83.77%
2.22
0.23
83.98%
1%
0.60%
1%
0.59%
1%
0.58%
1%
0.56%
1%
0.55%
1%
0.54%
1%
0.53%
1%
0.52%
17.40%
9.93%
17.22%
9.83%
17.03%
9.73%
16.84%
9.62%
16.64%
9.51%
16.44%
9.40%
16.23%
9.29%
16.02%
9.17%
$0
$0
$0
$59,167
$68,750
$46,667
$14,792
$189,375
$0
$0
$0
$58,333
$67,917
$46,042
$14,583
$186,875
$0
$0
$0
$57,500
$67,083
$45,417
$14,375
$184,375
$0
$0
$0
$56,667
$66,250
$44,792
$14,167
$181,875
$0
$0
$0
$55,833
$65,417
$44,167
$13,958
$179,375
$0
$0
$0
$55,000
$64,583
$43,542
$13,750
$176,875
$0
$0
$0
$54,167
$63,750
$42,917
$13,542
$174,375
$0
$0
$0
$53,333
$62,917
$42,292
$13,333
$171,875
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$110,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$113,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$115,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$118,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$120,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$123,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$125,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$128,125.00
-$2,500
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
Mes 57
Mes 58
Mes 59
Mes 60
AO 5
Acumulado
$381,288
$0
$381,765
$0
$382,242
$0
$382,720
$0
$0
$0
$381,288
$0
$0
$381,765
$0
$0
$382,242
$0
$0
$382,720
$4,561,236
$0
$0
$0
$0
$4,561,236
$20,633
$114,815
$147,834
$37,740
$321,022
$20,716
$114,887
$148,018
$38,645
$322,266
$20,799
$114,958
$148,203
$39,573
$323,533
$20,882
$115,030
$148,389
$40,523
$324,823
$245,166
$1,375,648
$1,768,487
$428,236
$3,817,537
$60,267
-$2,500
$62,767
$0
$0
$62,767
$21,968
$6,277
$34,522
9.05%
$59,499
-$2,500
$61,999
$0
$0
$61,999
$21,700
$6,200
$34,099
8.93%
$58,709
-$2,500
$61,209
$0
$0
$61,209
$21,423
$6,121
$33,665
8.81%
$57,897
-$2,500
$60,397
$0
$0
$60,397
$21,139
$6,040
$33,218
8.68%
$743,699
-$30,000
$773,699
$0
$0
$773,699
$270,795
$77,370
$425,534
9.33%
$1,515,866
$0
$19,088
$1,534,954
$1,552,452
$0
$19,112
$1,571,564
$1,588,604
$0
$19,136
$1,607,740
$1,634,847
$0
$0
$1,634,847
$1,634,847
$0
$0
$1,634,847
$0
$0
$0
$52,500
$62,083
$41,667
$13,125
-$130,625
$169,375
$0
$0
$0
$51,667
$61,250
$41,042
$12,917
-$133,125
$166,875
$0
$0
$0
$50,833
$60,417
$40,417
$12,708
-$135,625
$164,375
$0
$0
$0
$50,000
$59,583
$39,792
$12,500
-$138,125
$161,875
$0
$0
$0
$50,000
$59,583
$39,792
$12,500
-$138,125
$161,875
$1,704,329
$1,738,439
$1,772,115
$1,796,722
$1,796,722
$8,590
$0
$8,590
$8,600
$0
$8,600
$8,611
$0
$8,611
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$8,590
$8,600
$8,611
$0
$0
$251,000
$1,410,218
$34,522
$1,695,740
$251,000
$1,444,740
$34,099
$1,729,839
$251,000
$1,478,839
$33,665
$1,763,504
$251,000
$1,512,504
$33,218
$1,796,722
$251,000
$1,512,504
$33,218
$1,796,722
$1,704,329
$1,738,439
$1,772,115
$1,796,722
$1,796,722
$34,522
-$2,500
$37,022
$34,099
-$2,500
$36,599
$33,665
-$2,500
$36,165
$33,218
-$2,500
$35,718
$425,534
-$11,510
$437,045
$0
-$24
-$24
$0
-$24
-$24
$0
-$24
-$24
$0
$19,136
$19,136
$0
$0
$0
$11
$11
$11
$11
$11
$11
-$8,611
-$8,611
$0
$0
$37,009
$36,586
$36,152
$46,243
$437,045
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$37,009
$0
$36,586
$0
$36,152
$0
$46,243
$0
$437,045
$1,478,858
$1,515,866
$1,515,866
$1,552,452
$1,552,452
$1,588,604
$1,588,604
$1,634,847
$1,634,847
$2,071,892
2.25
0.22
84.19%
2.29
0.22
84.41%
2.33
0.22
84.64%
2.36
0.21
84.87%
28.18
2.54
83.70%
1%
0.51%
0%
0.50%
0%
0.49%
0%
0.00%
0%
0.00%
15.81%
9.05%
15.59%
8.93%
15.36%
8.81%
15.13%
8.68%
16.30%
9.33%
$0
$0
$0
$52,500
$62,083
$41,667
$13,125
$169,375
$0
$0
$0
$51,667
$61,250
$41,042
$12,917
$166,875
$0
$0
$0
$50,833
$60,417
$40,417
$12,708
$164,375
$0
$0
$0
$50,000
$59,583
$39,792
$12,500
$161,875
$0
$0
$0
$50,000
$59,583
$39,792
$12,500
$161,875
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$130,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$133,125.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$135,625.00
-$2,500
$0
$0
$0
-$833
-$833
-$625
-$208.33
-$138,125.00
-$2,500
$0
$0
$0
-$10,000
-$10,000
-$7,500
-$2,500
-$138,125.00
-$11,510
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.83%
0.40%
0.40%
0.40%
0.40%
MES
$30,132.00
$30,367.42
$31,502.40
$32,655.17
$33,825.96
$35,014.99
16%
15%
16%
16%
16%
17%
$30,939.57
$31,174.99
$32,309.97
$33,462.74
$34,633.53
$35,822.56
16%
16%
16%
17%
17%
17%
$30,405.85
$30,641.28
$31,776.26
$32,929.03
$34,099.81
$35,288.85
16%
16%
16%
16%
17%
17%
$16,723.22
$16,852.70
$17,476.94
$18,110.96
$18,754.90
$19,408.87
9%
9%
9%
9%
9%
9%
4.50%
Este dato es para comparar el proyecto con tener el dinero en otra inversin. Che
el banco por el dinero que le pondras al dinero.
VPN
Flujo de Efectivo
MES
$329,700.00
$83,456.09
$(16,147.48)
$18,741.24
$19,374.18
$20,017.01
$20,669.87
$8,539.67
$9,429.08
$10,333.30
$11,322.84
$20,529.23
$21,686.08
$22,863.20
$23,897.05
$41,781.54
$41,648.49
$41,508.06
$41,360.05
$39,306.47
$38,950.32
$38,583.78
$38,206.59
($121,919.26)
Ao 1
($97,726.42)
Ao 2
$6,804.45
$7,664.86
$7,315.52
Ao 3
$16,917.01
$18,657.43
$148,159.85
Ao 4
$42,026.21
$41,907.39
$233,058.71
A 5
$39,988.55
$39,652.47
4 aos
5 aos
1 ao
Inversin Inicial
$(329,700.00)
Ao 1
2 aos
$262,560.79
Ao 2
3 aos
$262,560.79
$262,560.79
$82,709.50
$82,709.50
$82,709.50
$82,709.50
$328,813.23
$328,813.23
$328,813.23
$494,848.18
$494,848.18
Ao 3
Ao 4
Ao 5
$262,560.79
$465,915.47
TIR
-20%
4%
45%
65%
73%
Comprobacin VP Actual
=0
10
11
12
$36,222.51
$37,448.75
$38,693.95
$40,843.91
$43,054.91
###
17%
18%
18%
18%
19%
19%
$37,030.08
$38,256.32
$39,501.52
$41,651.48
$43,862.47
###
18%
18%
18%
19%
19%
20%
$36,496.37
$37,722.61
$38,967.81
$41,117.77
$43,328.76
###
20%
17%
18%
18%
19%
19%
$20,073.00
$20,747.43
$21,432.29
$22,614.77
$23,830.82
###
10%
10%
10%
10%
10%
11%
10
11
12
$21,332.88
$22,006.17
$22,630.01
$23,809.03
$25,021.54
###
$11,661.17
$12,137.97
$12,865.09
$13,196.76
$13,526.00
###
$26,585.59
$29,386.33
$32,303.72
$35,342.35
$38,507.04
###
$41,204.28
$41,040.55
$40,868.66
$40,688.41
$40,499.59
###
$37,818.49
$37,419.24
$37,008.55
$36,586.16
$36,151.78
###