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FINANZAS PARA
LAS OPERACIONES
EJERCICIOS:
. Tasa Nominal
01 al 23
. Tasa
Nominal Flujo de Efectivo 24 al 44
1.Datos:
K = 80,000
VF = VP (1 + t)n
n = (3*12)= 36
VF = 80,000 (1+0.01666666667)36
t = (20%/12) 0.01666666667
VF = 145,050.43
2.Datos:
K = 3,000
VF = VP (1 + t)n
n = (5*360)= 1800
VF = 3,000 (1+4.444444444.x10-4)1800
t = (8%/180) = 4.444444444
x10-4
VF = 6,675.436287 -3000
VF = 3,675.436287
VF = VP (1 + t)n
n=1
VF = 70,000 (1+0.06)1
t = (12%/2) = 0.06
VF = 74,200
b) Capitalizacin bimestral
Datos:
K = 70,000
VF = VP (1 + t)n
n=1
VF = 70,000 (1+0.02)6
t = (12%/12) = 0.02
VF = 78,831.36935
c) Capitalizacin bimestral
Datos:
K = 70,000
VF = VP (1 + t)n
n=6
VF = 70,000 (1+0.02)6
t = (12%/6) = 0.02
VF = 78,831.36935
4.K = 50,000
VF = VP (1 + t)n
n = (2.5*360)= 900
VF = 91,087.72875
5.K = 130,000
VF = VP (1 + t)n
n = (2*12)= 24
t = (2.4%/12) = 2 x10-3
VF = 136,385.6472
6.-
VF = VP (1 + t)n
K = 15,025
n = 120
VF = 15,297.88
7.-
VF = VP (1 + t)n
K = 150,000
n = (6x3 aos)= 18
VF = 150,000 (1+9.333333333x10-3)18
t = (5.6%/6) = 9.333333333x10-3
VF = 177,302.29
8.-
VF = VP (1 + t)n
K = 50,000
n = (4x3.5 aos)= 14
VF = 50,000 (1+0.08)14
t = (32%/4) = 0.08
VF = 146,859.68
9.K = 23,000
VF = VP (1 + t)n
n = (2x2.5 aos)= 5
VF = 23,000 (1+0.15)5
t = (30%/2) = 0.15
VF = 46,261.21531
VF = VP (1 + t)n
10.VF = 60,000
n = (12x2 aos)= 24
60,000 = K (1+0.02)24
t = (24%/24) = 0.02
K = 60,000/1.608437249
K=?
K = 37,303.28928
VF = VP (1 + t)n
11.K = 3,000
n = (4 x 3 aos)= 12
t=?
3 = (1+t)12
VF = 9,000
=1+t
1.095872691 = 1 +t
t = 0. 095872691 x (4)
t = 0. 3834907645 x 100
12.K = 30,350
a)
t = (2.4%/2) = 0.012
n = (2 x 4 aos) =8
VF = VP (1 + t)n
VF = 30,350 (1 + 0.012)8
VFA = 33,388.95259
b)
t = (2.4%/1) = 0.024
n = (1 x 4 aos) =4
VF = VP (1 + t)n
VF = 30,350 (1 + 0.024)4
VFB = 33,370.1779
VF = VFB - VFA
VF = 33,370.1779 - 33,388.95259
VF = 18.77469
Por lo tanto gan menos de $ 18.77
c)
n = (360 x 4 aos) =1440
t = (2.4%/360) = 6.666666667x10-5
VF = VP (1 + t)n
VF = 30,350 (1 + 6.666666667x10-5)1440
VFC = 33,407.93069
VF = VFC VFA
VF = 33,407.93069 - 33,388.95259
VF = 18.97819
Por lo tanto gan menos de $ 18.98
Respuestas: a) USS 33,388.95, b) USS 18.77 menos, c) US$ 18.98
ms.
13.K2 = 15,000
K1 = 20,000
a)
t = 0.2448
t = 0.2448
n = (2 x 3 aos) =6
n = (12 x 3 aos) = 36
VF = VP (1 + t)n
VF = VP (1 + t)n
VF = 20,000 (1 + 0.2448)6
VF = 15,000 (1 + 0.2448)36
VFA1 = 23,123.35787
VFA2 = 35,827.51614
b)
t = 0.2448
t = 0.2448
n = (4 x 3 aos) =12
n = (4 x 3 aos) = 36
VF = VP (1 + t)n
VF = VP (1 + t)n
VF = 20,000 (1 + 0.2448)12
VF = 15,000 (1 + 0.2448)12
VFB1 = 26,734.4842
VFB2 = 20,050.86315
t = (12%/12) = 0.01
t = (9.5%/360) = 2.638888889x10-4
VF = VP (1 + t)n
VF = VP (1 + t)n
VF = 17,890.00 (1 + 0.01)46
VF1 = 28,274.40891
VF2 = 25,098.99722
K1 = 80,000
K2 = 80,661.47524
t = (4.86%/360) = 1.35x10-4
t = (3.60%/360) = 1x10-4
n1 = 61
N2 = 89
VF = VP (1 + t)n
VF = VP (1 + t)n
VF = 80,000 (1 + 1.35x10-4)61
VF = 80,661.47524 (1 + 1x10-4)89
VF1 = 80,661.47524
VF2 = 81,382.53025
b)
K = 81,382.53025
t = (3.60%/360) = 1x10-4
n = = 150
VF = VP (1 + t)n
VF = 81,382.53025 (1 + 1x10-4)150
VFB = 82,612.40773
16.-
K2 = 18,000.00
K = 18,000.00
Periodo 1
Periodo 2
n = (12 meses x 2) = 24
t = (1.5%/30) = 5x10-4
t = (3.2%/4) = 8x10-3
VF = VP (1 + t)n
VF = VP (1 + t)n
VF = 18,000.00 (1 + 5x10-4)240
VF = 20,294.33469 (1 + 8x10-3)24
VF1 = 20,294.33469
VF2 = 24,571.26914
Periodo 3
n = (4 meses) = 4
t = (2.0%/1) = 0.02
VF = VP (1 + t)n
VF = 24,571.26914 (1 + 0.02)4
VF3 = 26,596.73193
17.K=?
a)
n = 18
t = (24%/360) = 6.666666667x10-4
K (1 + 6.666666667x10-4)18 = K + 500
K (1.012068292) = K + 500
0.01206824238) = K + 500
K = 41,431.05
b)
KI = 41,431.05
KF = (41,431.05 x 2) = 82,862.10
19.a)
(1 + 0.01)1-1 = 1% 0.01
b)
(1 + 0.01)3-1 = 1.03301% 3.0301
c)
(1 + 0.01)12-1 = 12.68250301% 0.1268
b)
(1 + 0.04245)4-1 = 18.09222422%
c)
(1 + 0.08615)2-1 = 17.972182%
d)
(1 + 0.2)1 -1 = 20%
21.a)
b)
K1 = 46,948.50
[VF/Vi-1] X 100
n = 90
K2 = 50,000.00
46,948.50 = (1+
)90 =
50,000.00
(1+
c)
)90 = 1.064996752
-1
50,000 - 91.545 = 49,908.455
= 6.999309393 X 10-4
49,908.455 / 46,948.50 -1 = 0.06304684921
TNT = 0.06299378453
Por lo tanto: 6.304684921%
Por lo tanto; TNT = 6.299378453%
22.K = 29,862
03/09/2004
Fecha
TNA
TD
Nro. das
15/08/2004
2.4%
0.01%
39
29,939.74
12/10/2004
2.8%
0.01%
22
29,991.01
03/11/2004
3.2%
0.01%
104
30,269.53
15/02/2005
2.9%
0.01%
259
30,907.68
01/11/2005
2.4%
0.01%
300
31,532.04
TOTAL 31,532.04
23.certificado 125,000.00
02/01/2005
comisiones 15.00
Fecha
Tasa de inters
Tasa diaria
Nro. das
anual
02/01/2005
4.80%
0.0133%
222
128,755.05
12/08/2005
3.60%
0.0100%
134
130,491.89
24/12/20 5
4.44%
0.0123%
130,636.81
TOTAL 130,621.81
* 4,000.00
VF = 4,309.136016 2,343.00
* 1,966.136016
VF = 2,025.562477 + 2,990.00
Nuevo Capital = 5,015.562477
Clculo para el mes 7 al 9
VF=
* 5,015.562477
VF = 5,167.157853
Nuevo Capital = 5,167.157853
Clculo para el mes 9 al 15
VF=
* 5,167.157853
VF = 5,753.680261 + 2,950.00
Nuevo Capital = 8,703.680261
Clculo para el mes 15 al 18
VF=
* 8,703.680261
VF = 9,184.381726 + 2,250.00
Nuevo Capital = 11,434.38173
Clculo para el mes 18 al 21
VF=
* 11,434.38173
VF = 12,065.89896
Nuevo Capital = 12,065.89896
Clculo para el mes 21 al 24
VF=
* 12,065.89896
VF = 12,617.05
25.-
* 23,250.00
VF = 24,102.07 1,540.00
Nuevo Capital = 22,562.0749
Clculo para el mes 3 al 8
VF=
* 22,562.0749
VF = 23,956.95
Nuevo Capital = 23,956.95
* 23,956.95
VF = 24,392.01367+ 12,200.00
Nuevo Capital = 36,592.0137
Clculo para el mes 10 al 16
VF=
* 36,592.0137
VF = 24,392.01367+ 12,200.00
Nuevo Capital = 38,621.99
* 9,000.00
VF = 9,181.79676
Nuevo Capital = 9,181.79676
Clculo para el mes 4 al 8
VF=
* 9,181.79676
VF = 9,398.53641 + 6,000
Nuevo Capital = 15,398.5364
Clculo para el mes 8 al 12
VF=
VF = 9,398.53641
* 15,398.5364
* 9,000.00
VF = 9136.00616 4,000.00
Nuevo Capital = 5,136.0062
Clculo para el mes 3 al 4
* 5,136.0062
VF=
VF = 5,161.74839
Nuevo Capital = 5,161.74839
Clculo para el mes 8 al 12
* 5,161.74839
VF=
VF = 9,398.53641
Nuevo Capital = 5,408.31
27.-
10,550.0
Capital 0
Fecha
deposito
1
02/01/20
05
TNA
TND
nro das
12/02/20
05
24.00
%
0.0666667
%
10,842.2
41 5
15/04/20
05
27.00
%
0.0750000
%
12,708.1
62 2
13/10/20
05
27.20
%
0.0755556
%
14,569.7
181 1
06/11/20
05
25.00
%
0.0694444
%
16,614.4
24 9
30/12/20
05
23.20
%
0.0644444
%
16,202.6
54 6
28/08/20
06
26.40
%
0.0733333
%
19,333.5
241 9
28.-
3
0
01/03/20 120,000.
04 00
(
1 + 0.02 )
30
122,423.
= 35
121,423.
- 1,000 = 35
126,883.
= 21
124,883.
- 2,000 = 21
130,498.
= 64
127,498.
- 3,000 = 64
138,110.
= 27
134,110.
- 4,000 = 27
145,272.
= 18
140,272.
- 5,000 = 18
146,604.
= 01
140,604.
- 6,000 = 01
146,950.
= 81
139,950.
- 7,000 = 81
6
0
01/04/20 121,423.
04 35
(
1 +
0.04
4 )
60
6
0
01/06/20 124,883.
04 21
(
1 +
0.04
4 )
60
6
0
01/08/20 127,498.
04 64
(
1 + 0.12 )
90
6
0
01/10/20 134,110.
04 27
(
1 + 0.12 )
90
6
0
01/12/20 140,272.
04 18
(
1 +
0.26
5 )
360
6
0
01/02/20 140,604.
05 01
(
1 +
0.26
5 )
360
6
0
01/04/20 139,950.
05 81
(
1 + 0.13 )
120
149,344.
= 51
141,344.
- 8,000 = 51
150,831.
= 77
141,831.
- 9,000 = 77
148,110.
= 60
10,00
138,110.
- 0
= 60
144,224.
= 70
20,00
124,224.
- 0
= 70
129,724.
= 08
40,00
89,724.0
- 0
=8
93,696.1
=3
6
0
01/06/20 141,344.
05 51
(
1 + 0.13 )
120
6
0
01/08/20 141,831.
05 77
(
1 + 0.13 )
180
6
0
01/10/20 138,110.
05 60
(
1 + 0.13 )
180
6
0
01/12/20 124,224.
05 70
(
1 + 0.13 )
180
6
0
01/02/20 89,724.0
06 8
(
1 + 0.13 )
180
93,696.1
=3
Respuesta:
a) Con los US$ 63,000.00 que tiene no le alcanza pues el monto es de
US$ 93,696.13
b) Le faltara US$ 30,696.13
29.-
30
MES 0
100,000.
00
( 1 +
0.0
2 )
102,019.4
=5
- 500.00
101,519.
= 45
30
6
MES 1
101,519.
45
( 1 +
0.0
4 )
4
108085.4
107,085.
37 - 1,000.00 = 44
1
MES 4
107,085.
44
( 1 +
0.0
7 )
1
114045.9
112,045.
=
90 - 2,000.00 = 99
1
MES 7
112,045.
99
MES 8
110,847.
14
( 1 +
0.1
5 )
6
( 1 +
0.1
4 )
3
114847.1
110,847.
40 - 4,000.00 = 14
116020.0
108,020.
06 - 8,000.00 = 01
114984.2
16,000.0
98,984.2
04 - 0
=0
103319.9
32,000.0
71,319.9
87 - 0
=9
74706.95
64,000.0
10,706.9
2 - 0
=5
90
MES 10
108,020.
01
( 1 +
0.2
5 )
36
0
2
MES 13
98,984.2
0
( 1 +
0.1
3 )
6
4
MES 15
71,319.9
9
( 1 +
0.1
4 )
12
15
0
MES 17
10,706.9
5
( 1 +
0.0
8 )
90
= 12,253.76
30.1
0
DIA 0
14,800.
00
(
1 +
14,898.9
700.0
14,198.9
=6
- 0
=6
0.02 )
30
6
0
DIA 10
14,198.
96
(
1 +
14,778.2
=4
-
0.02 )
30
14,778.2
=4
3
0
DIA 70
14,778.
24
(
1 +
15,228.0
700.0
15,928.0
=7
+0
=7
0.03 )
30
2
0
DIA 100
15,928.
07
(
1 +
16,249.6
388.0
15,861.6
=8
- 0
=8
0.03 )
30
3
0
DIA 120
15,861.
68
(
1 +
0.03 )
30
RESPUESTA : 16,344.49
31.-
16,344.4
=9
-
16,344.4
=9
32.-
Periodo 1
((1+0.0101316
)^1)X
Periodo2
((1+0.0101316)^2
)*1.5X
1.0101316 +
1.53054877 +
Periodo3
((1+0.0101316)^3)*1.12
5X
1.28837973
3.829060
1
X = 4000 / 3.8290601
X= 1044.64278
RESPUESTA :US$ 1,044.64
33.TNA=12%
TNS=6%
TND=0.033%
Semanal
Trimestral
Diaria
TNT=3%
TNQ=0.5%
Mensual
Diaria
2500
2860
8200
8750
42536.01
0
i1-> TEM1:= 9%
12
i2-> TEM2:= 9.50%
A= Retiro en 8 meses
000
24
F=500
VF1= 18000((1+(2%/30))^107)-1250=18080.44519
VF2=18080.44519((1+(2%/30))^23) ((1+(21%/360))^100)+10842=
30304.22736
VF3=30304.22736((1+(21%/360))^317)-14365= 22092.6116
VF4= 22092.6116((1+(21%/360))^17) ((1+(20%/360))^133)
((1+(28%/60))^6)+X= 24090.66105+X
X=19083.12746
36.TNM=2%
TNM=3%
1000
2/11
31/08
9 das
10000
1000
TNM=4%
2000
12/12
2/02
12/04
40 das
50 das
30 das
22/07
70 das
01/08
100 das
D
28358.00
TNM=2% = 6.666666667*10^-4
TNM=3% = 1 * 10^-3
TNM=4% = 1.333333333*^-3
28358 = {[([[([(( 10000*(1+6.666666667*10^-4)^40)100}*(1*6.666666667*10^-4)^50)+D]*(1+1 * 10^-3) ^70)-2000]*(1+1 *
10^-3) ^100]*(1+1.333333333*^-3)^9)+1000]* (1+1.333333333*^3)^30}
37.-
FV1= 200000((1+0.04%)^50)+100000=304039.4521
FV2= 304039.4521((1+0.04%)^60)+50000=361423.1726
FV3=361423.1726((1+0.05%)^90)=378054.456
F40=40%(378054.456)=151221.7824/237270.6277
F2=(237270.6277-X)(1.+0.05%)^90= 248188.8957
248188.8957-1.046=X
X=121304.445 = F2 = F3
38.-
0
TNA = 54%
n=6
I/4
20500
6 aos
3
TNA = 54%
n=1
242367.8283
396817.98-242367.8283= 154450.1517 Deuda por pagar en el mes 30 al
da de hoy.
i.
Hallando Ao
ii.
Hallando Bo
iii.
Hallando Co
42.PISO 1:
PASO 2:
PASO 3:
B) Calculando B:
C) Calculando C:
E) Calculando E:
44.-
0.024 24
) 17315.81 17315.81 7500 24815.81
4
0.024 24
B 24815.81(1
) 28647.06 28647.06 7500 36147.06
4
0.035 360
C 36147.06(1
) 41577.88 41577.88 2500 39077.88
90
0.035 360
D 39077.88(1
) 44949.04 44949.04 2500 42449.04
90
0.035 360
E 42449.04(1
) 48826.69 48826.69 Y 48826.69 2.5X
90
0.145 360
F (48826.69 2.5X )(1
) 56443.94 2.890014555X 56443.94 2.890014555X X
360
0.145 720
G X (56443.94 3.890014555X )(1
) 75428.83 5.19841885X
360
6.19841885X 75428.83 X 12169.04 Y 30422.61
A 15000(1