Tabla de amortizacin fija a capita

CAPITAL
TASA MENSUAL
PERIODOS

PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

SALDO INICIAL
600,000,000.00
583,333,333.33
566,666,666.67
550,000,000.00
533,333,333.33
516,666,666.67
500,000,000.00
483,333,333.33
466,666,666.67
450,000,000.00
433,333,333.33
416,666,666.67
400,000,000.00
383,333,333.33
366,666,666.67
350,000,000.00
333,333,333.33
316,666,666.67

CUOTA
22,606,666.67
22,441,666.67
22,276,666.67
22,111,666.67
21,946,666.67
21,781,666.67
21,616,666.67
21,451,666.67
21,286,666.67
21,121,666.67
20,956,666.67
20,791,666.67
20,626,666.67
20,461,666.67
20,296,666.67
20,131,666.67
19,966,666.67
19,801,666.67

600,000,000.00
0.99%
36

INTERESES
5,940,000.00
5,775,000.00
5,610,000.00
5,445,000.00
5,280,000.00
5,115,000.00
4,950,000.00
4,785,000.00
4,620,000.00
4,455,000.00
4,290,000.00
4,125,000.00
3,960,000.00
3,795,000.00
3,630,000.00
3,465,000.00
3,300,000.00
3,135,000.00

SUMATORIA INTERESES
PRIMER AO

60,390,000.00

SUMATORIA INTERESES
TOTALES

81,675,000.00

rtizacin fija a capital

AMORTIZACIN
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67

SALDO FINAL
583,333,333.33
566,666,666.67
550,000,000.00
533,333,333.33
516,666,666.67
500,000,000.00
483,333,333.33
466,666,666.67
450,000,000.00
433,333,333.33
416,666,666.67
400,000,000.00
383,333,333.33
366,666,666.67
350,000,000.00
333,333,333.33
316,666,666.67
300,000,000.00

CUOTA DECRECIENTE
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00
165,000.00

Autora: Doris Amalia Alba Snchez

Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNAD

TABLA DE AMORTIZACIN PAGO A CUOTA FIJA

CAPITAL
TASA PERIODICA MENSUAL
PERIODOS
PAGO
PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

SALDO INICIAL
600,000,000.00
569,938,334.60
539,515,929.21
508,728,454.96
477,571,531.02
446,040,723.99
414,131,547.28
381,839,460.45
349,159,868.57
316,088,121.59
282,619,513.65
248,749,282.41
214,472,608.40
179,784,614.30
144,680,364.27
109,154,863.24
73,203,056.20
36,819,827.47

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

CUOTA
$37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40

SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES

600,000,000.00
1.20%
18
37,261,665.40

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

INTERESES
7,200,000.00
6,839,260.02
6,474,191.15
6,104,741.46
5,730,858.37
5,352,488.69
4,969,578.57
4,582,073.53
4,189,918.42
3,793,057.46
3,391,434.16
2,984,991.39
2,573,671.30
2,157,415.37
1,736,164.37
1,309,858.36
878,436.67
441,837.93

61,612,593.21

70,709,977.22

GO A CUOTA FIJA

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

AMORTIZACIN
30,061,665.40
30,422,405.39
30,787,474.25
31,156,923.94
31,530,807.03
31,909,176.71
32,292,086.83
32,679,591.88
33,071,746.98
33,468,607.94
33,870,231.24
34,276,674.01
34,687,994.10
35,104,250.03
35,525,501.03
35,951,807.04
36,383,228.73
36,819,827.47

Autora: Doris Amalia Alba Snchez

Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNAD

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

SALDO FINAL
569,938,334.60
539,515,929.21
508,728,454.96
477,571,531.02
446,040,723.99
414,131,547.28
381,839,460.45
349,159,868.57
316,088,121.59
282,619,513.65
248,749,282.41
214,472,608.40
179,784,614.30
144,680,364.27
109,154,863.24
73,203,056.20
36,819,827.47
-

ba Snchez
tica Financiera
bierta y a Distancia UNAD

Tabla de amortizacin pago a cuota a cuota fija con periodo de gracia

CAPITAL
TASA MENSUAL
PERIODOS

PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

SALDO INICIAL
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
600,000,000.00
$
578,485,281.54
$
556,695,174.68
$
534,626,154.45
$
512,274,650.77
$
489,637,047.84

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

CUOTA
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46

SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES

600,000,000.00
1.28%
24

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

INTERESES
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,404,611.60
7,125,698.24
6,843,214.78
6,557,115.53
6,267,354.21

92,160,000.00

134,037,994.36

ota fija con periodo de gracia

Autora: Doris Amalia Alba Snchez

Directora curso Matemtica Financiera
12 Universidad Nacional Abierta y a Distancia UNAD
36

PERIODO DE GRACIA
PERIODOS TOTALES

AMORTIZACIN
$
$
$
$
$
$
$
$
$
$
$
$
$
21,514,718.46
$
21,790,106.86
$
22,069,020.23
$
22,351,503.68
$
22,637,602.93
$
22,927,364.25

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

SALDO FINAL
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
578,485,281.54
556,695,174.68
534,626,154.45
512,274,650.77
489,637,047.84
466,709,683.59

Tabla de amortizacin pago a cuota fija con periodo mu

CAPITAL
TASA MENSUAL
PERIODOS AMORTIZACION

PERIODO
1
2
3
4
5
6
7
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

SALDO INICIAL
$
600,000,000.00
$
607,800,000.00
$
615,701,400.00
$
623,705,518.20
$
631,813,689.94
$
640,027,267.91
$
648,347,622.39
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

600,000,000.00
1.30%
12

CUOTA
$
$
$
$
$
$

Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES

$
$
$
$
$
$
$

INTERESES
7,800,000.00
7,901,400.00
8,004,118.20
8,108,171.74
8,213,577.97
8,320,354.48
8,428,519.09
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

Err:509

Err:509

ota fija con periodo muerto

PERIODO MUERTO
PERIODOS TOTALES
CAPITAL AMORTIZAR

AMORTIZACIN
-$
7,800,000.00
-$
7,901,400.00
-$
8,004,118.20
-$
8,108,171.74
-$
8,213,577.97
-$
8,320,354.48
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

Err:509

$
$
$
$
$
$

SALDO FINAL
607,800,000.00
615,701,400.00
623,705,518.20
631,813,689.94
640,027,267.91
648,347,622.39
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509

6
18 Autora: Doris Amalia Alba Snchez
Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNA

ba Snchez
tica Financiera
bierta y a Distancia UNAD

Estado de resultados
CUENTA

2014

Ingresos por Ventas

Costo de ventas
Utilidad bruta
Gastos operacionales
Utilidad operacional

$
$
$
$
$

6,750,000,000.00
3,037,500,000.00
3,712,500,000.00
556,874,000.00
3,155,626,000.00

Gastos financieros ( se obtienen con la sumatoria de los

intereses del primer ao de la tabla de amortizacin)

60,390,000.00

Utilidad antes de impuestos

Impuestos
Utilidad neta

$
$
$

3,095,236,000.00
1,052,380,240.00
2,042,855,760.00

de resultados
$
$

Autora: Doris Amalia Alba Snchez

INCREMENTO
ESTADO DE RESULTADOS AJUSTADO
3,240,000,000.00 $
9,990,000,000.00
455,625,000.00 $
3,493,125,000.00
$
6,496,875,000.00
$
556,874,000.00
$
5,940,001,000.00

$
$
$

0
5,940,001,000.00
1,485,000,250.00
4,455,000,750.00

Directora curso Matemtica Financi

Universidad Nacional Abierta y a D

a: Doris Amalia Alba Snchez

ora curso Matemtica Financiera

rsidad Nacional Abierta y a Distancia UNAD

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

AMORTIZACION FIJA A
$
CAPITAL

126,000.00

AMORTIZACION PAGO
$
CUOTA FIJA

126,000.00

1.45%

12

CUOTA FIJA CON

PERIODO DE GRACIA

126,000.00

1.60%

CUOTA FIJA CON

PERIODO MUERTO

126,000.00

17.00%

24

1.15%

PERIODO
MUERTO

12

TABLA RESUMEN DE AMORTIZACIONES

TOTAL
PERIODOS
12
12

16

24

CUOTA MENSUAL

INTERESES TOTALES

INTERESES PRIMER
AO

IMPUESTOS

UTILIDAD

Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento

Esperado
$
$
$
$
$
$

688,535.00
1,021.00
645.00
135,780,430.00
1,500,000.00
150,000,000.00
0.11

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=

$
$

207,015,702.01
66%
2.38

FLUJO DE FONDOS
CASO X
$
$
$

688,535.00
1,021.00
645.00

11 %
1

702,994,235.00 $

702,994,235.00 $

702,994,235.00

702,994,235.00 $

702,994,235.00 $

702,994,235.00

579,885,505.00 $

593,463,548.00 $

608,399,395.30

$
$

135,780,430.00 $
444,105,075.00 $

149,358,473.00 $
444,105,075.00 $

164,294,320.30
444,105,075.00

123,108,730.00 $

109,530,687.00 $

94,594,839.70

#DIV/0! +
#DIV/0!

#DIV/0!

Autora: Doris Amalia Alba Snchez

Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNAD

702,994,235.00 $

704,494,235.00

702,994,235.00 $
$

702,994,235.00
1,500,000.00

624,828,827.33 $

642,901,202.56

$
$

180,723,752.33 $
444,105,075.00 $

198,796,127.56
444,105,075.00

78,165,407.67 $

61,593,032.44

#DIV/0!

Datos
Volumen de ventas en unidades

Esperado
$

Precio Unitario

1,100.00

Costo Unitario

780.00

Costo fijo
Valor residual

$
$

135,780,430.00
1,500,000.00

Inversin

150,000,000.00

Tasa de descuento

650,000.00

0.13
Rubros

Ingresos

0
$

Ventas
Valor residual
Egresos

150,000,000.00

Inversin

150,000,000.00

Flujo Neto

-$

150,000,000.00

Costo fijo
Costo variable

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 $

135,780,430.00 $

135,780,430.00

507,000,000.00 $

507,000,000.00 $

507,000,000.00

150,000,000.00

72,219,570.00 -$

77,780,430.00

72,219,570.00 $

#DIV/0! +
#DIV/0!

#DIV/0!

Autora: Doris Amalia Alba Snchez

Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia UNAD

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 $

135,780,430.00

507,000,000.00 $

507,000,000.00

72,219,570.00 $

73,719,570.00

#DIV/0!

RELACIN BENEFICIO COSTO

Los beneficios pueden definirse como el valor presente de los flujos netos de caja cuando son positivos
VPB =VF/(1+Ii)n
VPB =

72,219,570.00
(1+

VPB =

0.13 )

+
1

1.13 )

72,219,570.00
(1+

72,219,570.00
(

0.13 )

72,219,570.00
(

1.13 )

VPB =

72,219,570.00
1.13

72,219,570.00
1.28

VPB=

63,911,123.89

56,558,516.72

VPB=

204,775,284.50

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+

VPC=

150,000,000.00

0.13 )

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

La relacin Beneficio costo se calcula : B/C

RB/C=

+ $

72,219,570.00
(1+

+ $

0.13 )

+ $
4

1.13 )

(1+

+ $

72,219,570.00

73,719,570.00

0.13 )

73,719,570.00
(

1.13 )

+ $

72,219,570.00
1.63

+ $

73,719,570.00
1.84

+ $

44,293,614.79

+ $

40,012,029.10

TABLA RESUMEN DE ESCENARIOS PROPUESTOS PARA ESTIMACION DE INDICADORES

Nombres y apellidos integrante del grupo (Diligencie en el cuadro
siguiente el nombre completo de quien comparte la tabla)

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