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158 Sección 14: Arrendamiento
File name: hp 12c_user's guide_Spanish_HDPMBF12S31 Page: 158 of 208
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Cálculo del rendimiento
Calcular el rendimiento es igual de importante que calcular la tasa interna de rendimiento
(IRR). Es necesario pulsar las siguientes teclas:
1. Pulse
f
CLEAR
H
.
2. Introduzca el importe del primer flujo de caja y pulse
gJ
. Este importe inicial es la
diferencia entre el importe inicial del préstamo y los pagos recibidos en el momento
del cierre. Observe la convención de signos: positivo para el dinero recibido y
negativo para el dinero pagado.
3. Introduzca el importe del primer flujo de caja y pulse
gK
. A continuación,
introduzca el número de veces que se produce un flujo de caja y pulse
ga
.
4. Introduzca 0
gK
y, a continuación, el número de pagos por adelantado menos
uno. A continuación, pulse
ga
.
5. Introduzca el valor residual y pulse
gK
. A continuación, pulse
fL
para
calcular el rendimiento periódico.
Ejemplo:
Se arrienda un equipo que vale 5.000 €, por 145 € al mes durante 36 meses. El
arrendatario ha acordado pagar por adelantado el primer y el último mes. Al final del
arrendamiento, es posible comprar el equipo por 1.500 €. Si se compra el equipo,
¿
qué
rendimiento anual obtendrá el arrendador
?
Pulse Pantalla
fCLEARH
5000Þ\
145\2
§=gJ
–4.710,00
Importe neto por adelantado.
145gK34ga
34,00
Treinta y cuatro flujos de caja de 145,00
€.
0gK
0,00
Trigésimo quinto flujo de caja.
1500gK
1.500,00
Trigésimo sexto flujo de caja.
fL12§
18,10
Rendimiento anual para el arrendador.
158


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