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## TRABAJO COLABORATIVO UNIDAD 1 Y 2

grupo: 102007_238

LUISA FERNANDACASTRO
CODIGO:
NEIDA EMILE MARTINEZ
CODIGO:
LIZETH JAZM
CODIGO:
JAIME GONZALEZ ARAQUE
CODIGO: 1 057 572 839

MATEMATICA FINANCIERA

## TUOR: KAREN VICTORIA ARTEGA

2016

grupo: 102007_238

SA FERNANDACASTRO

DA EMILE MARTINEZ

## LIZETH JAZMIN CASTAEDA

ME GONZALEZ ARAQUE
DIGO: 1 057 572 839

TEMATICA FINANCIERA

EN VICTORIA ARTEGA

2016
INTRODUCCIN

El presente documento se realiza con el objeto de analizar y poner en prctica los conocimientos

## contenidos en el entorno de aprendizaje prctico.

ctica los conocimientos

nos ejercicios
Tabla de amortizacin fija a capita

CAPITAL \$ 700,000,000.00
TASA MENSUAL 0.99%
PERIODOS 36

## PERIODO SALDO INICIAL CUOTA INTERESES

1 700,000,000.00 26,374,444.44 6,930,000.00
2 680,555,555.56 26,181,944.44 6,737,500.00
3 661,111,111.11 25,989,444.44 6,545,000.00
4 641,666,666.67 25,796,944.44 6,352,500.00
5 622,222,222.22 25,604,444.44 6,160,000.00
6 602,777,777.78 25,411,944.44 5,967,500.00
7 583,333,333.33 25,219,444.44 5,775,000.00
8 563,888,888.89 25,026,944.44 5,582,500.00
9 544,444,444.44 24,834,444.44 5,390,000.00
10 525,000,000.00 24,641,944.44 5,197,500.00
11 505,555,555.56 24,449,444.44 5,005,000.00
12 486,111,111.11 24,256,944.44 4,812,500.00
13 466,666,666.67 24,064,444.44 4,620,000.00
14 447,222,222.22 23,871,944.44 4,427,500.00
15 427,777,777.78 23,679,444.44 4,235,000.00
16 408,333,333.33 23,486,944.44 4,042,500.00
17 388,888,888.89 23,294,444.44 3,850,000.00
18 369,444,444.44 23,101,944.44 3,657,500.00
19 350,000,000.00 22,909,444.44 3,465,000.00
20 330,555,555.56 22,716,944.44 3,272,500.00
21 311,111,111.11 22,524,444.44 3,080,000.00
22 291,666,666.67 22,331,944.44 2,887,500.00
23 272,222,222.22 22,139,444.44 2,695,000.00
24 252,777,777.78 21,946,944.44 2,502,500.00
25 233,333,333.33 21,754,444.44 2,310,000.00
26 213,888,888.89 21,561,944.44 2,117,500.00
27 194,444,444.44 21,369,444.44 1,925,000.00
28 175,000,000.00 21,176,944.44 1,732,500.00
29 155,555,555.56 20,984,444.44 1,540,000.00
30 136,111,111.11 20,791,944.44 1,347,500.00
31 116,666,666.67 20,599,444.44 1,155,000.00
32 97,222,222.22 20,406,944.44 962,500.00
33 77,777,777.78 20,214,444.44 770,000.00
34 58,333,333.33 20,021,944.44 577,500.00
35 38,888,888.89 19,829,444.44 385,000.00
36 19,444,444.44 19,636,944.44 192,500.00
SUMATORIA INTERESES
70,455,000.00
PRIMER AO

SUMATORIA INTERESES
128,205,000.00
TOTALES
rtizacin fija a capital

## AMORTIZACIN SALDO FINAL CUOTA DECRECIENTE

19,444,444.44 680,555,555.56 192,500.00
19,444,444.44 661,111,111.11 192,500.00
19,444,444.44 641,666,666.67 192,500.00
19,444,444.44 622,222,222.22 192,500.00
19,444,444.44 602,777,777.78 192,500.00
19,444,444.44 583,333,333.33 192,500.00
19,444,444.44 563,888,888.89 192,500.00
19,444,444.44 544,444,444.44 192,500.00
19,444,444.44 525,000,000.00 192,500.00
19,444,444.44 505,555,555.56 192,500.00
19,444,444.44 486,111,111.11 192,500.00
19,444,444.44 466,666,666.67 192,500.00
19,444,444.44 447,222,222.22 192,500.00
19,444,444.44 427,777,777.78 192,500.00
19,444,444.44 408,333,333.33 192,500.00
19,444,444.44 388,888,888.89 192,500.00
19,444,444.44 369,444,444.44 192,500.00
19,444,444.44 350,000,000.00
19,444,444.44 330,555,555.56 192,500.00
19,444,444.44 311,111,111.11 192,500.00
19,444,444.44 291,666,666.67 192,500.00
19,444,444.44 272,222,222.22 192,500.00
19,444,444.44 252,777,777.78 192,500.00
19,444,444.44 233,333,333.33 192,500.00
19,444,444.44 213,888,888.89 192,500.00
19,444,444.44 194,444,444.44 192,500.00
19,444,444.44 175,000,000.00
19,444,444.44 155,555,555.56 192,500.00
19,444,444.44 136,111,111.11 192,500.00
19,444,444.44 116,666,666.67 192,500.00
19,444,444.44 97,222,222.22 192,500.00
19,444,444.44 77,777,777.78 192,500.00
19,444,444.44 58,333,333.33 192,500.00
19,444,444.44 38,888,888.89 192,500.00
19,444,444.44 19,444,444.44 192,500.00
19,444,444.44 0.00
Autora: Doris Amalia Alba Snchez
Directora curso Matemtica Financiera
TABLA DE AMORTIZACIN PAGO A CUOTA FIJA

CAPITAL \$ 700,000,000.00
TASA PERIODICA MENSUAL 1.20%
PERIODOS 18
PAGO 0.00

## PERIODO SALDO INICIAL CUOTA INTERESES

1 \$ 700,000,000.00 \$43,471,942.97 \$ 8,400,000.00
2 \$ 664,928,057.03 \$ 43,471,942.97 \$ 7,979,136.68
3 \$ 629,435,250.75 \$ 43,471,942.97 \$ 7,553,223.01
4 \$ 593,516,530.79 \$ 43,471,942.97 \$ 7,122,198.37
5 \$ 557,166,786.19 \$ 43,471,942.97 \$ 6,686,001.43
6 \$ 520,380,844.66 \$ 43,471,942.97 \$ 6,244,570.14
7 \$ 483,153,471.83 \$ 43,471,942.97 \$ 5,797,841.66
8 \$ 445,479,370.52 \$ 43,471,942.97 \$ 5,345,752.45
9 \$ 407,353,180.00 \$ 43,471,942.97 \$ 4,888,238.16
10 \$ 368,769,475.19 \$ 43,471,942.97 \$ 4,425,233.70
11 \$ 329,722,765.92 \$ 43,471,942.97 \$ 3,956,673.19
12 \$ 290,207,496.15 \$ 43,471,942.97 \$ 3,482,489.95
13 \$ 250,218,043.13 \$ 43,471,942.97 \$ 3,002,616.52
14 \$ 209,748,716.68 \$ 43,471,942.97 \$ 2,516,984.60
15 \$ 168,793,758.32 \$ 43,471,942.97 \$ 2,025,525.10
16 \$ 127,347,340.45 \$ 43,471,942.97 \$ 1,528,168.09
17 \$ 85,403,565.56 \$ 43,471,942.97 \$ 1,024,842.79
18 \$ 42,956,465.38 \$ 43,471,942.97 \$ 515,477.58

SUMATORIA INTERESES
PRIMER AO
\$ 71,881,358.75
SUMATORIA INTERESES
TOTALES
\$ 82,494,973.42
GO A CUOTA FIJA Autora: Doris Amalia Alba Snchez
Directora curso Matemtica Financiera

## AMORTIZACIN SALDO FINAL

\$ 35,071,942.97 \$ 664,928,057.03
\$ 35,492,806.28 \$ 629,435,250.75
\$ 35,918,719.96 \$ 593,516,530.79
\$ 36,349,744.60 \$ 557,166,786.19
\$ 36,785,941.53 \$ 520,380,844.66
\$ 37,227,372.83 \$ 483,153,471.83
\$ 37,674,101.31 \$ 445,479,370.52
\$ 38,126,190.52 \$ 407,353,180.00
\$ 38,583,704.81 \$ 368,769,475.19
\$ 39,046,709.27 \$ 329,722,765.92
\$ 39,515,269.78 \$ 290,207,496.15
\$ 39,989,453.01 \$ 250,218,043.13
\$ 40,469,326.45 \$ 209,748,716.68
\$ 40,954,958.37 \$ 168,793,758.32
\$ 41,446,417.87 \$ 127,347,340.45
\$ 41,943,774.88 \$ 85,403,565.56
\$ 42,447,100.18 \$ 42,956,465.38
\$ 42,956,465.38 -\$ 0.00
ba Snchez
tica Financiera
Tabla de amortizacin pago a cuota a cuota fija con periodo de grac

CAPITAL \$ 700,000,000.00
TASA MENSUAL 1.28%
PERIODOS 24

## PERIODO SALDO INICIAL CUOTA INTERESES

1 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
2 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
3 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
4 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
5 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
6 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
7 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
8 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
9 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
10 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
11 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
12 \$ 700,000,000.00 \$ 8,960,000.00 \$ 8,960,000.00
13 \$ 700,000,000.00 \$ 34,060,504.87 \$ 8,960,000.00
14 \$ 674,899,495.13 \$ 34,060,504.87 \$ 8,638,713.54
15 \$ 649,477,703.79 \$ 34,060,504.87 \$ 8,313,314.61
16 \$ 623,730,513.53 \$ 34,060,504.87 \$ 7,983,750.57
17 \$ 597,653,759.23 \$ 34,060,504.87 \$ 7,649,968.12
18 \$ 571,243,222.48 \$ 34,060,504.87 \$ 7,311,913.25
19 \$ 544,494,630.85 \$ 34,060,504.87 \$ 6,969,531.27
20 \$ 517,403,657.26 \$ 34,060,504.87 \$ 6,622,766.81
21 \$ 489,965,919.20 \$ 34,060,504.87 \$ 6,271,563.77
22 \$ 462,176,978.09 \$ 34,060,504.87 \$ 5,915,865.32
23 \$ 434,032,338.54 \$ 34,060,504.87 \$ 5,555,613.93
24 \$ 405,527,447.60 \$ 34,060,504.87 \$ 5,190,751.33
25 \$ 376,657,694.06 \$ 34,060,504.87 \$ 4,821,218.48
26 \$ 347,418,407.67 \$ 34,060,504.87 \$ 4,446,955.62
27 \$ 317,804,858.42 \$ 34,060,504.87 \$ 4,067,902.19
28 \$ 287,812,255.73 \$ 34,060,504.87 \$ 3,683,996.87
29 \$ 257,435,747.73 \$ 34,060,504.87 \$ 3,295,177.57
30 \$ 226,670,420.43 \$ 34,060,504.87 \$ 2,901,381.38
31 \$ 195,511,296.94 \$ 34,060,504.87 \$ 2,502,544.60
32 \$ 163,953,336.67 \$ 34,060,504.87 \$ 2,098,602.71
33 \$ 131,991,434.51 \$ 34,060,504.87 \$ 1,689,490.36
34 \$ 99,620,420.00 \$ 34,060,504.87 \$ 1,275,141.38
35 \$ 66,835,056.50 \$ 34,060,504.87 \$ 855,488.72
36 \$ 33,630,040.36 \$ 34,060,504.87 \$ 430,464.52
SUMATORIA INTERESES
PRIMER AO
\$ 107,520,000.00

SUMATORIA INTERESES
TOTALES
\$ 224,972,116.92
cuota fija con periodo de gracia Autora: Doris Amalia Alba Snchez
Directora curso Matemtica Financiera
PERIODOS TOTALES 36

## AMORTIZACIN SALDO FINAL

\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ - \$ 700,000,000.00
\$ 25,100,504.87 \$ 674,899,495.13
\$ 25,421,791.33 \$ 649,477,703.79
\$ 25,747,190.26 \$ 623,730,513.53
\$ 26,076,754.30 \$ 597,653,759.23
\$ 26,410,536.75 \$ 571,243,222.48
\$ 26,748,591.62 \$ 544,494,630.85
\$ 27,090,973.60 \$ 517,403,657.26
\$ 27,437,738.06 \$ 489,965,919.20
\$ 27,788,941.11 \$ 462,176,978.09
\$ 28,144,639.55 \$ 434,032,338.54
\$ 28,504,890.94 \$ 405,527,447.60
\$ 28,869,753.54 \$ 376,657,694.06
\$ 29,239,286.39 \$ 347,418,407.67
\$ 29,613,549.25 \$ 317,804,858.42
\$ 29,992,602.68 \$ 287,812,255.73
\$ 30,376,508.00 \$ 257,435,747.73
\$ 30,765,327.30 \$ 226,670,420.43
\$ 31,159,123.49 \$ 195,511,296.94
\$ 31,557,960.27 \$ 163,953,336.67
\$ 31,961,902.16 \$ 131,991,434.51
\$ 32,371,014.51 \$ 99,620,420.00
\$ 32,785,363.50 \$ 66,835,056.50
\$ 33,205,016.15 \$ 33,630,040.36
\$ 33,630,040.36 \$ -
ba Snchez
tica Financiera
Tabla de amortizacin pago a cuota fija con periodo m

CAPITAL 700,000,000.00
TASA MENSUAL 1.30%
PERIODOS AMORTIZACION 12

## PERIODO SALDO INICIAL CUOTA INTERESES

1 \$ 700,000,000.00 \$ - \$ 9,100,000.00
2 \$ 709,100,000.00 \$ - \$ 9,218,300.00
3 \$ 718,318,300.00 \$ - \$ 9,338,137.90
4 \$ 727,656,437.90 \$ - \$ 9,459,533.69
5 \$ 737,115,971.59 \$ - \$ 9,582,507.63
6 \$ 746,698,479.22 \$ - \$ 9,707,080.23
7 \$ 756,405,559.45 \$ 68,486,228.37 \$ 9,833,272.27
8 \$ 697,752,603.36 \$ 68,486,228.37 \$ 9,070,783.84
9 \$ 638,337,158.83 \$ 68,486,228.37 \$ 8,298,383.06
10 \$ 578,149,313.53 \$ 68,486,228.37 \$ 7,515,941.08
11 \$ 517,179,026.24 \$ 68,486,228.37 \$ 6,723,327.34
12 \$ 455,416,125.21 \$ 68,486,228.37 \$ 5,920,409.63
13 \$ 392,850,306.47 \$ 68,486,228.37 \$ 5,107,053.98
14 \$ 329,471,132.08 \$ 68,486,228.37 \$ 4,283,124.72
15 \$ 265,268,028.43 \$ 68,486,228.37 \$ 3,448,484.37
16 \$ 200,230,284.43 \$ 68,486,228.37 \$ 2,602,993.70
17 \$ 134,347,049.76 \$ 68,486,228.37 \$ 1,746,511.65
18 \$ 67,607,333.04 \$ 68,486,228.37 \$ 878,895.33

SUMATORIA INTERESES
PRIMER AO
\$ 103,767,676.68

SUMATORIA INTERESES
TOTALES
\$ 121,834,740.42
uota fija con periodo muerto

PERIODO MUERTO 6
PERIODOS TOTALES 18 Autora: Doris Amalia Alba Snchez
CAPITAL AMORTIZAR \$756,405,559.45 Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distancia U

## AMORTIZACIN SALDO FINAL

-\$ 9,100,000.00 \$ 709,100,000.00
-\$ 9,218,300.00 \$ 718,318,300.00
-\$ 9,338,137.90 \$ 727,656,437.90
-\$ 9,459,533.69 \$ 737,115,971.59
-\$ 9,582,507.63 \$ 746,698,479.22
-\$ 9,707,080.23 \$ 756,405,559.45
\$ 58,652,956.10 \$ 697,752,603.36
\$ 59,415,444.53 \$ 638,337,158.83
\$ 60,187,845.30 \$ 578,149,313.53
\$ 60,970,287.29 \$ 517,179,026.24
\$ 61,762,901.03 \$ 455,416,125.21
\$ 62,565,818.74 \$ 392,850,306.47
\$ 63,379,174.38 \$ 329,471,132.08
\$ 64,203,103.65 \$ 265,268,028.43
\$ 65,037,744.00 \$ 200,230,284.43
\$ 65,883,234.67 \$ 134,347,049.76
\$ 66,739,716.72 \$ 67,607,333.04
\$ 67,607,333.04 \$ -
a: Doris Amalia Alba Snchez
ora curso Matemtica Financiera
CUENTA 2015
INCREMENTO
Ingresos por Ventas \$ 6,750,000,000.00 \$ 2,025,000,000.00
Costo de ventas \$ 3,037,500,000.00 \$ 607,500,000.00
Utilidad bruta \$ 3,712,500,000.00 \$ 1,417,500,000.00
Gastos operacionales \$ 556,874,000.00 \$ 83,531,100.00
Utilidad operacional \$ 3,155,626,000.00 \$ 1,333,968,900.00

## Gastos financieros ( se obtienen con la sumatoria de los

\$ - \$ -
intereses del primer ao de la tabla de amortizacin)

## Utilidad antes de impuestos \$ 3,155,626,000.00

Impuestos \$ 1,072,912,840.00

CUENTA 2015
INCREMENTO
Ingresos por Ventas \$ 6,750,000,000.00 \$ 2,025,000,000.00
Costo de ventas \$ 3,037,500,000.00 \$ 607,500,000.00
Utilidad bruta \$ 3,712,500,000.00 \$ 1,417,500,000.00
Gastos operacionales \$ 556,874,000.00 \$ 83,531,100.00
Utilidad operacional \$ 3,155,626,000.00 \$ 1,333,968,900.00

## Gastos financieros ( se obtienen con la sumatoria de los

\$ -
intereses del primer ao de la tabla de amortizacin)

## Utilidad antes de impuestos \$ 3,155,626,000.00

Impuestos \$ 1,072,912,840.00

CUENTA 2015
INCREMENTO
Ingresos por Ventas \$ 6,750,000,000.00 \$ 2,025,000,000.00
Costo de ventas \$ 3,037,500,000.00 \$ 607,500,000.00
Utilidad bruta \$ 3,712,500,000.00 \$ 1,417,500,000.00
Gastos operacionales \$ 556,874,000.00 \$ 83,531,100.00
Utilidad operacional \$ 3,155,626,000.00 \$ 1,333,968,900.00

## Gastos financieros ( se obtienen con la sumatoria de los

\$ -
intereses del primer ao de la tabla de amortizacin)

## Utilidad antes de impuestos \$ 3,155,626,000.00

Impuestos \$ 1,072,912,840.00
CUENTA 2015
INCREMENTO
Ingresos por Ventas \$ 6,750,000,000.00 \$ 2,025,000,000.00
Costo de ventas \$ 3,037,500,000.00 \$ 607,500,000.00
Utilidad bruta \$ 3,712,500,000.00 \$ 1,417,500,000.00
Gastos operacionales \$ 556,874,000.00 \$ 83,531,100.00
Utilidad operacional \$ 3,155,626,000.00 \$ 1,333,968,900.00

## Gastos financieros ( se obtienen con la sumatoria de los

\$ -
intereses del primer ao de la tabla de amortizacin)

## Utilidad antes de impuestos \$ 3,155,626,000.00

Impuestos \$ 1,072,912,840.00
TAL Autora: Doris Amalia Alba Snchez

\$ 3,645,000,000.00
\$ 5,130,000,000.00
\$ 640,405,100.00
\$ 4,489,594,900.00

\$ 70,455,000.00
\$ 4,419,139,900.00
\$ 1,502,507,566.00
\$ 2,916,632,334.00

A FIJA

\$ 8,775,000,000.00
\$ 3,645,000,000.00
\$ 5,130,000,000.00
\$ 640,405,100.00
\$ 4,489,594,900.00

\$ 71,881,358.75
\$ 4,417,713,541.25
\$ 1,502,022,604.03
\$ 2,915,690,937.23

RIO GRACIA

\$ 8,775,000,000.00
\$ 3,645,000,000.00
\$ 5,130,000,000.00
\$ 640,405,100.00
\$ 4,489,594,900.00

\$ 107,520,000.00
\$ 4,382,074,900.00
\$ 1,489,905,466.00
\$ 2,892,169,434.00
IO MUERTO

\$ 8,775,000,000.00
\$ 3,645,000,000.00
\$ 5,130,000,000.00
\$ 640,405,100.00
\$ 4,489,594,900.00

\$ 103,767,676.68
\$ 4,385,827,223.32
\$ 1,491,181,255.93
\$ 2,894,645,967.39
ba Snchez

tica Financiera
Volumen de ventas en unidades \$ 1,173,000.00
Precio Unitario \$ 6,725.00
Costo Unitario \$ 2,467.00
Costo fijo \$ 117,956,000.00
Valor residual \$ 7,950,000.00
Inversin \$ 700,000,000.00
Tasa de descuento 0.10

Rubros
0

Ingresos \$ -

Ventas
Valor residual

Egresos \$ 700,000,000.00

Costo fijo
Costo variable
Inversin \$ 700,000,000.00

## Flujo Neto \$ (700,000,000.00)

VAN \$ 23,241,414,101.37
TIR 703%
RB/C= \$ 34.20
FLUJO DE FONDOS
CASO 1 AO 2 AO 3
\$ 1,173,000.00 \$ 1,231,650.00 \$ 1,354,815.00
\$ 6,725.00 \$ 6,859.50 \$ 7,133.88
\$ 2,467.00 \$ 2,615.02 \$ 2,680.40

10 %

1 2 3

## \$ 117,956,000.00 \$ 123,853,800.00 \$ 130,046,490.00

\$ 2,893,791,000.00 \$ 3,220,789,383.00 \$ 3,631,440,029.33
\$ - \$ -

## \$ 4,876,678,000.00 \$ 5,103,859,992.00 \$ 5,903,601,112.87

#DIV/0! + #DIV/0!

#DIV/0!
AO 4 AO 5
\$ 1,558,037.25 \$ 1,838,483.96
\$ 7,561.91 \$ 8,166.87
\$ 2,801.01 \$ 2,941.06

4 5

\$ 11,781,741,823.65 \$ 15,022,601,780.06

\$ 11,781,741,823.65 \$ 15,014,651,780.06
\$ 7,950,000.00

\$ 4,500,631,869.75 \$ 5,550,475,160.68

\$ 136,548,814.50 \$ 143,376,255.23
\$ 4,364,083,055.25 \$ 5,407,098,905.46
\$ - ###

\$ 7,281,109,953.90 \$ 9,472,126,619.38
+ #DIV/0!
Volumen de ventas en unidades \$ 1,173,000.00
Precio Unitario \$ 6,725.00
Costo Unitario \$ 2,467.00
Costo fijo \$ 117,956,000.00
Valor residual \$ 7,950,000.00
Inversin \$ 700,000,000.00
Tasa de descuento 0.115

Rubros
0

Ingresos \$ -

Ventas
Valor residual

Egresos \$ 700,000,000.00

Costo fijo \$ -
Costo variable \$ -
Inversin \$ 700,000,000.00

## Flujo Neto \$ (700,000,000.00)

VAN \$ 19,251,202,005.63
TIR 701%
RB/C= \$ 28.50
FLUJO DE FONDOS
CASO 2 AO 2 AO 3
\$ 1,173,000.00 \$ 1,208,190.00 \$ 1,268,599.50
\$ 6,725.00 \$ 6,792.25 \$ 6,928.10
\$ 2,467.00 \$ 2,516.34 \$ 2,579.25

11.5 %

1 2 3

## \$ 117,956,000.00 \$ 125,033,360.00 \$ 132,535,361.60

\$ 2,893,791,000.00 \$ 3,040,216,824.60 \$ 3,272,033,357.48
\$ - \$ -

## \$ 4,876,678,000.00 \$ 5,041,078,342.90 \$ 5,384,409,133.88

#DIV/0! + #DIV/0!

#DIV/0!
AO 4 AO 5
\$ 1,357,401.47 \$ 1,479,567.60
\$ 7,101.30 \$ 7,314.34
\$ 2,656.63 \$ 2,762.89

4 5

\$ 9,639,311,460.23 \$ 10,830,004,976.40

\$ 9,639,311,460.23 \$ 10,822,054,976.40
\$ 7,950,000.00

\$ 3,746,595,446.57 \$ 4,236,800,719.46

\$ 140,487,483.30 \$ 148,916,732.29
\$ 3,606,107,963.27 \$ 4,087,883,987.17
\$ - ###

\$ 5,892,716,013.66 \$ 6,593,204,256.93
+ #DIV/0!
Volumen de ventas en unidades \$ 1,173,000.00
Precio Unitario \$ 6,725.00
Costo Unitario \$ 2,467.00
Costo fijo \$ 117,956,000.00
Valor residual \$ 7,950,000.00
Inversin \$ 700,000,000.00
Tasa de descuento 0.12

Rubros
0

Ingresos \$ -

Ventas
Valor residual

Egresos \$ 700,000,000.00

Costo fijo \$ -
Costo variable \$ -
Inversin \$ 700,000,000.00

## Flujo Neto \$ (700,000,000.00)

VAN \$ 20,185,986,947.53
TIR 702%
RB/C= \$ 29.84
FLUJO DE FONDOS
CASO 3 AO 2 AO 3
\$ 1,173,000.00 \$ 1,219,920.00 \$ 1,305,314.40
\$ 6,725.00 \$ 6,994.00 \$ 7,343.70
\$ 2,467.00 \$ 2,565.68 \$ 2,706.79

12.0 %

1 2 3

## \$ 117,956,000.00 \$ 126,212,920.00 \$ 135,047,824.40

\$ 2,893,791,000.00 \$ 3,129,924,345.60 \$ 3,533,215,097.53
\$ 100,000,000.00 \$ 200,000,000.00 \$ 250,000,000.00

## \$ 4,876,678,000.00 \$ 5,075,983,214.40 \$ 5,667,574,437.35

#DIV/0! + #DIV/0!

#DIV/0!
AO 4 AO 5
\$ 1,409,739.55 \$ 1,550,713.51
\$ 7,784.32 \$ 8,329.22
\$ 2,869.20 \$ 3,070.04

4 5

\$ 10,973,866,608.90 \$ 12,924,190,998.68

\$ 10,973,866,608.90 \$ 12,916,240,998.68
\$ 7,950,000.00

\$ 4,469,325,815.76 \$ 5,315,374,859.74

\$ 144,501,172.11 \$ 154,616,254.16
\$ 4,044,824,643.65 \$ 4,760,758,605.58
\$ 280,000,000.00 \$ 400,000,000.00

\$ 6,504,540,793.14 \$ 7,608,816,138.94
+ #DIV/0!
Volumen de ventas en unidades \$ 1,173,000.00
Precio Unitario \$ 6,725.00
Costo Unitario \$ 2,467.00
Costo fijo \$ 117,956,000.00
Valor residual \$ 7,950,000.00
Inversin \$ 700,000,000.00
Tasa de descuento 0.13

Rubros
0

Ingresos \$ -

Ventas
Valor residual

Egresos \$ 700,000,000.00

Costo fijo \$ -
Costo variable \$ -
Inversin \$ 700,000,000.00

## Flujo Neto \$ (700,000,000.00)

VAN \$ 20,542,315,936.09
TIR 703%
RB/C= \$ 30.35
FLUJO DE FONDOS
CASO 4 AO 2 AO 3
\$ 1,173,000.00 \$ 1,255,110.00 \$ 1,355,518.80
\$ 6,725.00 \$ 6,994.00 \$ 7,483.58
\$ 2,467.00 \$ 2,615.02 \$ 2,824.22

13.0 %

1 2 3

## \$ 117,956,000.00 \$ 125,033,360.00 \$ 132,535,361.60

\$ 2,893,791,000.00 \$ 3,282,137,752.20 \$ 3,828,285,474.17
\$ 150,000,000.00 \$ 270,000,000.00 \$ 180,000,000.00

## \$ 4,876,678,000.00 \$ 5,101,068,227.80 \$ 6,003,312,545.54

#DIV/0! + #DIV/0!

#DIV/0!
AO 4 AO 5
\$ 1,477,515.49 \$ 1,640,042.20
\$ 8,082.27 \$ 8,809.67
\$ 3,078.40 \$ 3,386.24

4 5

\$ 11,941,673,816.47 \$ 14,456,181,150.55

\$ 11,941,673,816.47 \$ 14,448,231,150.55
\$ 7,950,000.00

\$ 4,988,873,455.15 \$ 6,152,496,003.93

\$ 140,487,483.30 \$ 148,916,732.29
\$ 4,548,385,971.86 \$ 5,553,579,271.64
\$ 300,000,000.00 \$ 450,000,000.00

\$ 6,952,800,361.32 \$ 8,303,685,146.62
+ #DIV/0!
T

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

## TASA INTERES EFECTIVA

MENSUAL
AMORTIZACION
\$ 700,000,000.00 0.99%
FIJA A CAPITAL

AMORTIZACION
\$ 700,000,000.00 1.20%
PAGO CUOTA FIJA

## CUOTA FIJA CON

\$ 700,000,000.00 1.28%
PERIODO DE GRACIA

## CUOTA FIJA CON

\$ 700,000,000.00 1.30%
PERIODO MUERTO

## Volumen de ventas en unidades Precio unitario

Caso 1 \$ 1,173,000.00 \$ 6,725.00
Caso 2 \$ 1,173,000.00 \$ 6,725.00
Caso 3 \$ 1,173,000.00 \$ 6,725.00
Caso 4 \$ 1,173,000.00 \$ 6,725.00
TABLA RESUMEN DE AMORTIZACIONES

EMILSE MARTINEZ

TOTAL
PERIODO DE GRACIA PERIODO MUERTO
PERIODOS
No aplica No aplica 36

No aplica No aplica 18

12 No aplica 36

No aplica 6 18

## Costo unitario VAN TIR

\$ 2,467.00 \$ 23,241,414,101.37 703%
\$ 2,467.00 \$ 19,251,202,005.63 701%
\$ 2,467.00 \$ 20,185,986,947.53 702%
\$ 2,467.00 \$ 20,542,315,936.09 703%
ZACIONES

EMILSE MARTINEZ

INTERESES INTERESES
CUOTA MENSUAL IMPUESTOS
TOTALES PRIMER AO
Cuota inicial \$ 26.374.444.44, cuota
\$ 128,205,000.00 \$ 70,455,000.00 \$ 1,502,507,566.00
final \$ 19.636.944.44
Cuota inicial \$ 43.471.942,97, cuota
final \$ 43.471.942.97 \$ 82,494,973.42 \$ 71,881,358.75 \$ 1,502,022,604.03

## Cuota inicial \$ 8.960.000,00, cuota

final \$ 34.060.504,87 \$ 224,972,116.92 \$ 107,520,000.00 \$ 1,489,905,466.00

## Cuota inicial cero, cuota final \$

68.486.228,37 \$ 121,834,740.42 \$ 103,767,676.68 \$ 1,491,181,255.93

## RB/C Tasa de descuento

\$ 34.20 10%
\$ 28.50 11.50%
\$ 29.84 12%
\$ 30.35 13%

\$ 2,916,632,334.00

\$ 2,915,690,937.23

\$ 2,892,169,434.00

\$ 2,894,645,967.39
REFERENCIAS BIBLIOGRAFICAS

## Serrano, J (2011). Matemticas financieras y evaluacin de proy

ed.). Resumen indicadores. Mxico: Alfaomega Grupo Editor, Pr