Professional Documents
Culture Documents
CAPITAL
TASA MENSUAL
PERIODOS
PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
SALDO INICIAL
800,000,000.00
766,666,666.67
733,333,333.33
700,000,000.00
666,666,666.67
633,333,333.33
600,000,000.00
566,666,666.67
533,333,333.33
500,000,000.00
466,666,666.67
433,333,333.33
400,000,000.00
366,666,666.67
333,333,333.33
300,000,000.00
266,666,666.67
233,333,333.33
200,000,000.00
166,666,666.67
133,333,333.33
100,000,000.00
66,666,666.67
33,333,333.33
CUOTA
40,613,333.33
40,310,000.00
40,006,666.67
39,703,333.33
39,400,000.00
39,096,666.67
38,793,333.33
38,490,000.00
38,186,666.67
37,883,333.33
37,580,000.00
37,276,666.67
36,973,333.33
36,670,000.00
36,366,666.67
36,063,333.33
35,760,000.00
35,456,666.67
35,153,333.33
34,850,000.00
34,546,666.67
34,243,333.33
33,940,000.00
33,636,666.67
800,000,000.00
0.91%
24
INTERESES
7,280,000.00
6,976,666.67
6,673,333.33
6,370,000.00
6,066,666.67
5,763,333.33
5,460,000.00
5,156,666.67
4,853,333.33
4,550,000.00
4,246,666.67
3,943,333.33
3,640,000.00
3,336,666.67
3,033,333.33
2,730,000.00
2,426,666.67
2,123,333.33
1,820,000.00
1,516,666.67
1,213,333.33
910,000.00
606,666.67
303,333.33
SUMATORIA INTERESES
PRIMER AO
67,340,000.00
SUMATORIA INTERESES
TOTALES
91,000,000.00
AMORTIZACIN
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33
33,333,333.33 -
SALDO FINAL
766,666,666.67
733,333,333.33
700,000,000.00
666,666,666.67
633,333,333.33
600,000,000.00
566,666,666.67
533,333,333.33
500,000,000.00
466,666,666.67
433,333,333.33
400,000,000.00
366,666,666.67
333,333,333.33
300,000,000.00
266,666,666.67
233,333,333.33
200,000,000.00
166,666,666.67
133,333,333.33
100,000,000.00
66,666,666.67
33,333,333.33
0.00
CUOTA DECRECIENTE
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
303,333.33
33,636,666.67
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
800,000,000.00
781,935,542.36
763,663,343.45
745,181,014.26
726,486,138.28
707,576,271.23
688,448,940.71
669,101,645.89
649,531,857.17
629,737,015.89
609,714,533.93
589,461,793.43
568,976,146.41
548,254,914.45
527,295,388.33
506,094,827.65
484,650,460.53
462,959,483.18
441,019,059.59
418,826,321.14
396,378,366.19
373,672,259.76
350,705,033.10
327,473,683.34
303,975,173.06
280,206,429.91
256,164,346.21
231,845,778.55
207,247,547.36
182,366,436.51
157,199,192.89
131,742,525.97
105,993,107.38
79,947,570.47
53,602,509.89
26,954,481.11
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
CUOTA
$27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
27,264,457.64
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
800,000,000.00
1.15%
36
INTERESES
9,200,000.00
8,992,258.74
8,782,128.45
8,569,581.66
8,354,590.59
8,137,127.12
7,917,162.82
7,694,668.93
7,469,616.36
7,241,975.68
7,011,717.14
6,778,810.62
6,543,225.68
6,304,931.52
6,063,896.97
5,820,090.52
5,573,480.30
5,324,034.06
5,071,719.19
4,816,502.69
4,558,351.21
4,297,230.99
4,033,107.88
3,765,947.36
3,495,714.49
3,222,373.94
2,945,889.98
2,666,226.45
2,383,346.79
2,097,214.02
1,807,790.72
1,515,039.05
1,218,920.73
919,397.06
616,428.86
309,976.53
96,149,638.11
$ 181,520,475.11
GO A CUOTA FIJA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
18,064,457.64 $
18,272,198.90 $
18,482,329.19 $
18,694,875.98 $
18,909,867.05 $
19,127,330.52 $
19,347,294.82 $
19,569,788.71 $
19,794,841.28 $
20,022,481.96 $
20,252,740.50 $
20,485,647.02 $
20,721,231.96 $
20,959,526.13 $
21,200,560.68 $
21,444,367.12 $
21,690,977.35 $
21,940,423.59 $
22,192,738.46 $
22,447,954.95 $
22,706,106.43 $
22,967,226.65 $
23,231,349.76 $
23,498,510.28 $
23,768,743.15 $
24,042,083.70 $
24,318,567.66 $
24,598,231.19 $
24,881,110.85 $
25,167,243.62 $
25,456,666.92 $
25,749,418.59 $
26,045,536.91 $
26,345,060.58 $
26,648,028.78 $
26,954,481.11 $
SALDO FINAL
781,935,542.36
763,663,343.45
745,181,014.26
726,486,138.28
707,576,271.23
688,448,940.71
669,101,645.89
649,531,857.17
629,737,015.89
609,714,533.93
589,461,793.43
568,976,146.41
548,254,914.45
527,295,388.33
506,094,827.65
484,650,460.53
462,959,483.18
441,019,059.59
418,826,321.14
396,378,366.19
373,672,259.76
350,705,033.10
327,473,683.34
303,975,173.06
280,206,429.91
256,164,346.21
231,845,778.55
207,247,547.36
182,366,436.51
157,199,192.89
131,742,525.97
105,993,107.38
79,947,570.47
53,602,509.89
26,954,481.11
0.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
760,092,170.19
719,685,492.50
678,773,731.35
637,350,573.18
595,409,625.53
552,944,416.04
509,948,391.42
466,414,916.51
422,337,273.15
377,708,659.25
332,522,187.68
286,770,885.21
240,447,691.47
193,545,457.80
146,056,946.21
97,974,828.22
49,291,683.77
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
CUOTA
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
49,907,829.81
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
800,000,000.00
1.25%
18
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
INTERESES
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
9,501,152.13
8,996,068.66
8,484,671.64
7,966,882.16
7,442,620.32
6,911,805.20
6,374,354.89
5,830,186.46
5,279,215.91
4,721,358.24
4,156,527.35
3,584,636.07
3,005,596.14
2,419,318.22
1,825,711.83
1,224,685.35
616,146.05
112,391,394.91
158,340,936.62
PERIODO DE GRACIA
PERIODOS TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
39,907,829.81
40,406,677.68
40,911,761.16
41,423,158.17
41,940,947.65
42,465,209.49
42,996,024.61
43,533,474.92
44,077,643.36
44,628,613.90
45,186,471.57
45,751,302.47
46,323,193.75
46,902,233.67
47,488,511.59
48,082,117.98
48,683,144.46
49,291,683.77
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
800,000,000.00
760,092,170.19
719,685,492.50
678,773,731.35
637,350,573.18
595,409,625.53
552,944,416.04
509,948,391.42
466,414,916.51
422,337,273.15
377,708,659.25
332,522,187.68
286,770,885.21
240,447,691.47
193,545,457.80
146,056,946.21
97,974,828.22
49,291,683.77
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
800,000,000.00
810,000,000.00
820,125,000.00
830,376,562.50
840,756,269.53
851,265,722.90
861,906,544.44
818,910,519.82
775,377,044.91
731,299,401.55
686,670,787.65
641,484,316.08
595,733,013.61
549,409,819.87
502,507,586.20
455,019,074.61
406,936,956.62
358,253,812.17
308,962,128.40
259,054,298.59
208,522,620.90
157,359,297.25
105,556,432.05
53,106,031.03
800,000,000.00
1.25%
18
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
53,769,856.42
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
INTERESES
10,000,000.00
10,125,000.00
10,251,562.50
10,379,707.03
10,509,453.37
10,640,821.54
10,773,831.81
10,236,381.50
9,692,213.06
9,141,242.52
8,583,384.85
8,018,553.95
7,446,662.67
6,867,622.75
6,281,344.83
5,687,738.43
5,086,711.96
4,478,172.65
3,862,026.61
3,238,178.73
2,606,532.76
1,966,991.22
1,319,455.40
663,825.39
118,352,152.12
167,857,415.51
-$
-$
-$
-$
-$
-$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
10,000,000.00
10,125,000.00
10,251,562.50
10,379,707.03
10,509,453.37
10,640,821.54
42,996,024.61
43,533,474.92
44,077,643.36
44,628,613.90
45,186,471.57
45,751,302.47
46,323,193.75
46,902,233.67
47,488,511.59
48,082,117.98
48,683,144.46
49,291,683.77
49,907,829.81
50,531,677.68
51,163,323.66
51,802,865.20
52,450,401.02
53,106,031.03
6
24 Autora: Doris Amalia Alba Snchez
$861,906,544.44 Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
810,000,000.00
820,125,000.00
830,376,562.50
840,756,269.53
851,265,722.90
861,906,544.44
818,910,519.82
775,377,044.91
731,299,401.55
686,670,787.65
641,484,316.08
595,733,013.61
549,409,819.87
502,507,586.20
455,019,074.61
406,936,956.62
358,253,812.17
308,962,128.40
259,054,298.59
208,522,620.90
157,359,297.25
105,556,432.05
53,106,031.03
-
Alba Snchez
mtica Financiera
Abierta y a Distancia UNAD
ESTADO DE RESULTADOS
CUENTA
2014
$
$
$
$
$
18,350,000,000.00 $
4,587,500,000.00 $
13,762,500,000.00
3,670,000,000.00 $
10,092,500,000.00
67,340,000.00
$
$
$
10,025,160,000.00
2,506,290,000.00
7,518,870,000.00
INCREMENTO
8,257,500,000.00
688,125,000.00
734,000,000.00
CUENTA
2014
$
$
$
$
$
18,350,000,000.00 $
4,587,500,000.00 $
13,762,500,000.00
3,670,000,000.00 $
10,092,500,000.00
96,149,638.11
$
$
$
9,996,350,361.89
2,499,087,590.47
7,497,262,771.42
INCREMENTO
8,257,500,000.00
688,125,000.00
734,000,000.00
CUENTA
Ingresos por Ventas
Costo de ventas
Utilidad bruta
Gastos operacionales
2014
$
$
$
$
18,350,000,000.00 $
4,587,500,000.00 $
13,762,500,000.00
3,670,000,000.00 $
INCREMENTO
8,257,500,000.00
688,125,000.00
734,000,000.00
Utilidad operacional
10,092,500,000.00
112,391,394.91
$
$
$
9,980,108,605.09
2,495,027,151.27
7,485,081,453.82
CUENTA
2014
$
$
$
$
$
18,350,000,000.00 $
4,587,500,000.00 $
13,762,500,000.00
3,670,000,000.00 $
10,092,500,000.00
118,352,152.12
$
$
$
9,974,147,847.88
2,493,536,961.97
7,480,610,885.91
INCREMENTO
8,257,500,000.00
688,125,000.00
734,000,000.00
67,340,000.00
17,594,535,000.00
4,398,633,750.00
13,195,901,250.00
96,149,638.11
17,565,725,361.89
4,391,431,340.47
13,174,294,021.42
O DE GRACIA
17,661,875,000.00
$
$
$
$
112,391,394.91
17,549,483,605.09
4,387,370,901.27
13,162,112,703.82
DO MUERTO
118,352,152.12
17,543,522,847.88
4,385,880,711.97
13,157,642,135.91
TABLA RESUMEN DE A
Nombres y apellidos integrante del grupo (Diligencie en el cuadro
siguiente el nombre completo de quien comparte la tabla)
MONTO SOLICITADO
TASA INTERES
EFECTIVA
MENSUAL
PERIODO DE
GRACIA
PERIODO
MUERTO
AMORTIZACION FIJA A
$
CAPITAL
800,000,000.00
0.91%
NA
NA
AMORTIZACION PAGO
$
CUOTA FIJA
800,000,000.00
1.15%
NA
NA
800,000,000.00
1.25%
NA
800,000,000.00
1.25%
NA
TOTAL
PERIODOS
CUOTA MENSUAL
24
Inicia con
$40.613.333,33 y decrece
$303.333,33 cada mes
con respecto al anterior
36
24
24
$27,264,457.64
Los primeros seis meses
que corresponden al
periodo de gracia
$10.000.000,00, los
demas periodos $
$49,769,856,41
Los primeros seis meses
que corresponden al
periodo muerto $0,00 y
los demas peiodos
$53769856,41
INTERESES TOTALES
INTERESES PRIMER
AO
91,000,000.00 $
67,340,000.00
$181,520,475.11
$96,149,638.11
$158,340,936.62
$112,391,394.91
$167,857,415.51
$118,352,152.12
IMPUESTOS
UTILIDAD
$4,398,633,750.00
$13,195,901,250.00
$4,391,431,340.47
$13,174,294,021.42
$4,387,370,901.27
$13,162,112,703.82
$4,385,880,711.97
$13,157,642,135.91
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Rubros
Esperado
$
$
$
$
$
$
1,735,717.00
10,572.00
2,643.00
123,250,000.00
8,000,000.00
800,000,000.00
0.115
0
Ingresos
$-
Ventas
Valor residual
Egresos
800,000,000.00
Costo fijo
Costo variable
Inversin
800,000,000.00
Flujo Neto
-$
800,000,000.00
Indicadores de evaluacin
VAN
TIR
RB/C=
$
$
49,379,689,894.72
1719%
62.72
FLUJO DE FONDOS
$
$
$
AO 1
1,735,717.00 $
10,572.00 $
2,643.00 $
AO 2
1,909,288.70 $
11,417.76 $
2,986.59 $
CASO 1
AO 3
1,813,824.27
9,705.10
3,344.98
11.5 %
1
18,350,000,124.00 $
21,799,800,147.31 $
17,603,338,618.95
18,350,000,124.00 $
21,799,800,147.31 $
17,603,338,618.95
4,710,750,031.00 $
5,837,837,538.53 $
6,216,339,841.00
$
$
123,250,000.00 $
4,587,500,031.00 $
135,575,000.00 $
5,702,262,538.53 $
149,132,500.00
6,067,207,341.00
13,639,250,093.00 $
15,961,962,608.78 $
11,386,998,777.96
#DIV/0! +
#DIV/0!
#DIV/0!
AO 4
$
$
$
2,085,897.90 $
10,675.61 $
3,947.08 $
AO 5
1,735,717.00
10,572.00
2,643.00
22,268,223,352.98 $
18,358,000,124.00
22,268,223,352.98 $
$
18,350,000,124.00
8,000,000.00
8,397,246,111.74 $
4,710,750,031.00
$
$
164,045,750.00 $
8,233,200,361.74 $
123,250,000.00
4,587,500,031.00
13,870,977,241.24 $
13,647,250,093.00
#DIV/0!
FLUJO
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Rubros
Esperado
$
$
$
$
$
$
1,735,717.00 $
10,572.00 $
2,643.00 $
123,250,000.00
8,000,000.00
800,000,000.00
0.115
0
Ingresos
$-
1
18,350,000,124.00
18,350,000,124.00
800,000,000.00 $
4,710,750,031.00
$
$
123,250,000.00
4,587,500,031.00
13,639,250,093.00
Costo fijo
Costo variable
Inversin
800,000,000.00
Flujo Neto
-$
800,000,000.00 $
Indicadores de evaluacin
VAN
TIR
RB/C=
$
$
11.5
Ventas
Valor residual
Egresos
AO 1
1,735,717.00
10,572.00
2,643.00
49,379,689,894.72
1719%
62.72
FLUJO DE FONDOS
$
$
$
AO 2
1,909,288.70 $
11,417.76 $
2,986.59 $
CASO 2
AO 3
1,813,824.27 $
9,705.10 $
3,344.98 $
AO 4
2,085,897.90
10,675.61
3,947.08
%
2
21,799,800,147.31 $
17,603,338,618.95 $
22,268,223,352.98
21,799,800,147.31 $
17,603,338,618.95 $
22,268,223,352.98
5,837,837,538.53 $
6,216,339,841.00 $
8,397,246,111.74
$
$
135,575,000.00 $
5,702,262,538.53 $
149,132,500.00 $
6,067,207,341.00 $
164,045,750.00
8,233,200,361.74
15,961,962,608.78 $
11,386,998,777.96 $
13,870,977,241.24
AO 5
$
$
$
1,735,717.00
10,572.00
2,643.00
5
$
18,358,000,124.00
$
$
18,350,000,124.00
8,000,000.00
4,710,750,031.00
$
$
123,250,000.00
4,587,500,031.00
13,647,250,093.00
Datos
Volumen de ventas en unidades
Esperado
$
Precio Unitario
1,100.00
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
$
$
$
$
780.00
135,780,430.00
1,500,000.00
150,000,000.00
0.13
650,000.00
Rubros
Ingresos
0
$
Ventas
Valor residual
Egresos
150,000,000.00
Costo fijo
Costo variable
Inversin
150,000,000.00
Flujo Neto
-$
150,000,000.00
Indicadores de evaluacin
VAN
TIR
RB/C=
CON EXCEL RB/C=
$
$
$
869,544.86
13%
1
1
FLUJO DE FONDOS
CASO 3
$
$
650,000.00
1,100.00
780.00
$150.000.000,00 tercer ao
13 %
1
715,000,000.00 $
715,000,000.00 $
715,000,000.00
715,000,000.00 $
715,000,000.00 $
715,000,000.00
642,780,430.00 $
642,780,430.00 $
792,780,430.00
$
$
135,780,430.00 $
507,000,000.00 $
135,780,430.00 $
507,000,000.00 $
$
135,780,430.00
507,000,000.00
150,000,000.00
72,219,570.00 $
72,219,570.00 -$
77,780,430.00
#DIV/0! +
#DIV/0!
#DIV/0!
715,000,000.00 $
716,500,000.00
715,000,000.00 $
$
715,000,000.00
1,500,000.00
642,780,430.00 $
642,780,430.00
$
$
135,780,430.00 $
507,000,000.00 $
135,780,430.00
507,000,000.00
72,219,570.00 $
73,719,570.00
#DIV/0!
72,219,570.00
(1+
0.13 )
72,219,570.00
(1+
0.13 )
72,219,570.00
1.13
72,219,570.00
1.28
63,911,123.89
56,558,516.72
204,775,284.50
VPB =
VPB =
VPB=
VPB=
72,219,570.00
(
1.13 ) 1
72,219,570.00
( 1.13 )
2
Los costos pueden definirse como el valor presente de los flujos netos de caja cuando son negativos
VPC=VF/(1+Ii)n
VPC=
150,000,000.00
77,780,430.00
(1+ 0.13 )
3
VPC=
150,000,000.00
77,780,430.00
(
1.13 )
VPC=
150,000,000.00
77,780,430.00
1.44
VPC=
150,000,000.00
53,905,739.63
VPC=
203,905,739.63
72,219,570.00
(1+
0.13 )
+ $
4
73,719,570.00
(1+
0.13 )
72,219,570.00
( 1.13 ) 4
+ $
73,719,570.00
( 1.13 ) 5
72,219,570.00
1.63
+ $
73,719,570.00
1.84
44,293,614.79
+ $
40,012,029.10
Volumen de ventas en
unidades
Caso 1
Caso 2
Caso 3
Caso 4
Caso 5
Precio Unitario
Costo Unitario
VAN
Caso 6
Caso 7
Caso 8
MACION DE INDICADORES
TIR
RB/C
TASA DESCUENTO