Está en la página 1de 59

Perodo

0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00

Deuda
2000000.00
2105000.00
2215512.50
2215512.50
2215512.50
1739886.80
1239290.75
562413.40
0.00

Inters
0.00
105000.00
110512.50
116314.41
116314.41
116314.41
91344.06
65062.76
29526.70

Cuota
0.00
0.00
0.00
116314.41
116314.41
591940.11
591940.11
741940.11
591940.11

Amortizar
0.00
-105000.00
-110512.50
0.00
0.00
475625.70
500596.05
676877.34
562413.40

Prstamo
Tasa de Inters
R
Cuota extra

2000000.00
0.05
591940.11
150000.00

Elaborar una tabla para amortizar 2 millones en las siguientes condiciones:


a) Plazo de gracia muerto con cuota reducida 6 meses.
b) Plazo de gracia con cuota reducida de 6 meses
c) 4 cuotas trimestrales ordinarias uniformes.
d) Cuota extra pactada de $150.000 en el periodo 7.
e) Tasa de inters del 21% capitalizacin trimestral.

Una persona se compromete a cancelar una deuda de $400.000 en intereses al 36% C.T mediante pagos trimestrales dura
ao el valor de las cuotas crece un 15%, pero dentro de cada ao la cuota no vara. Elaborar la tabla de amor

Perodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00

Deuda
400000.00
409737.49
420351.35
431920.46
444530.79
454336.67
465025.08
476675.45
489374.35
498685.87
508835.42
519898.44
531957.13
539891.27
548539.49
557966.04
568240.99
573449.38
579126.52
585314.61
592059.63
592521.70
593025.36
593574.35
594172.75
586901.51
578975.86
570336.90
560920.44
541544.47
520424.67
497404.09
472311.65
434482.07
393247.83
348302.51

Intereses
0.00
36000.00
36876.37
37831.62
38872.84
40007.77
40890.30
41852.26
42900.79
44043.69
44881.73
45795.19
46790.86
47876.14
48590.21
49368.55
50216.94
51141.69
51610.44
52121.39
52678.32
53285.37
53326.95
53372.28
53421.69
53475.55
52821.14
52107.83
51330.32
50482.84
48739.00
46838.22
44766.37
42508.05
39103.39
35392.30

Cuota
0.00
26262.51
26262.51
26262.51
26262.51
30201.89
30201.89
30201.89
30201.89
34732.17
34732.17
34732.17
34732.17
39942.00
39942.00
39942.00
39942.00
45933.30
45933.30
45933.30
45933.30
52823.29
52823.29
52823.29
52823.29
60746.79
60746.79
60746.79
60746.79
69858.80
69858.80
69858.80
69858.80
80337.63
80337.63
80337.63

Amortizacin
0.00
-9737.49
-10613.86
-11569.11
-12610.33
-9805.88
-10688.41
-11650.37
-12698.90
-9311.52
-10149.56
-11063.02
-12058.69
-7934.14
-8648.22
-9426.56
-10274.95
-5208.39
-5677.15
-6188.09
-6745.02
-462.07
-503.66
-548.99
-598.40
7271.24
7925.65
8638.96
9416.47
19375.97
21119.80
23020.58
25092.44
37829.58
41234.24
44945.32

36.00
37.00
38.00
39.00
40.00

299312.11
233861.93
162521.24
84759.88
0.00

31347.23
26938.09
21047.57
14626.91
7628.39

80337.63
92388.27
92388.27
92388.27
92388.27

48990.40
65450.18
71340.70
77761.36
84759.88

mediante pagos trimestrales durante 10 aos. Cada


vara. Elaborar la tabla de amortizacin

Tasa de Inters trimestral


Prstamo
G

0.09
400000.00
0.15

Tasa de Inters anual

0.41
Ao
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00

R anual
120101.86
138117.14
158834.71
182659.91
210058.90
241567.73
277802.89
319473.33
367394.33
422503.47

R trimestral
26262.51
30201.89
34732.17
39942.00
45933.30
52823.29
60746.79
69858.80
80337.63
92388.27

Halla la distribucin del pago #58 en una amortizacin de $5000000 en pagos mensuales durante 10 a
Suponga que los pagos son crecientes en un 2% y que la tasa es del 3% e.m.

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00
37.00
38.00
39.00

Deuda
5000000.00
5077521.84
5155919.76
5235191.08
5315332.40
5396339.68
5478208.12
5560932.18
5644505.52
5728920.96
5814170.48
5900245.11
5987134.98
6074829.19
6163315.84
6252581.91
6342613.31
6433394.72
6524909.63
6617140.26
6710067.47
6803670.75
6897928.16
6992816.24
7088309.96
7184382.68
7281006.05
7378149.96
7475782.46
7573869.70
7672375.83
7771262.94
7870490.99
7970017.68
8069798.40
8169786.16
8269931.42
8370182.07
8470483.30
8570777.48

Interes
0.00
150000.00
152325.66
154677.59
157055.73
159459.97
161890.19
164346.24
166827.97
169335.17
171867.63
174425.11
177007.35
179614.05
182244.88
184899.48
187577.46
190278.40
193001.84
195747.29
198514.21
201302.02
204110.12
206937.84
209784.49
212649.30
215531.48
218430.18
221344.50
224273.47
227216.09
230171.27
233137.89
236114.73
239100.53
242093.95
245093.58
248097.94
251105.46
254114.50

Cuota
0.00
72478.16
73927.73
75406.28
76914.41
78452.70
80021.75
81622.18
83254.63
84919.72
86618.11
88350.48
90117.49
91919.84
93758.23
95633.40
97546.07
99496.99
101486.93
103516.67
105587.00
107698.74
109852.71
112049.77
114290.76
116576.58
118908.11
121286.27
123712.00
126186.24
128709.96
131284.16
133909.84
136588.04
139319.80
142106.20
144948.32
147847.29
150804.23
153820.32

Amortizar
0.00
-77521.84
-78397.93
-79271.31
-80141.33
-81007.28
-81868.44
-82724.06
-83573.34
-84415.45
-85249.51
-86074.64
-86889.87
-87694.21
-88486.64
-89266.08
-90031.39
-90781.41
-91514.91
-92230.62
-92927.21
-93603.29
-94257.41
-94888.08
-95493.72
-96072.72
-96623.37
-97143.91
-97632.50
-98087.24
-98506.13
-98887.11
-99228.04
-99526.69
-99780.73
-99987.75
-100145.26
-100250.65
-100301.23
-100294.18

40.00
41.00
42.00
43.00
44.00
45.00
46.00
47.00
48.00
49.00
50.00
51.00
52.00
53.00
54.00
55.00
56.00
57.00
58.00
59.00
60.00
61.00
62.00
63.00
64.00
65.00
66.00
67.00
68.00
69.00
70.00
71.00
72.00
73.00
74.00
75.00
76.00
77.00
78.00
79.00
80.00
81.00
82.00
83.00
84.00
85.00
86.00

8671004.08
8771099.54
8870997.18
8970627.03
9069915.78
9168786.59
9267158.99
9364948.74
9462067.69
9558423.61
9653920.08
9748456.33
9841927.03
9934222.20
10025226.97
10114821.44
10202880.50
10289273.62
10373864.67
10456511.71
10537066.78
10615375.70
10691277.82
10764605.83
10835185.46
10902835.32
10967366.56
11028582.65
11086279.14
11140243.29
11190253.89
11236080.87
11277485.05
11314217.79
11346020.67
11372625.17
11393752.28
11409112.17
11418403.81
11421314.56
11417519.80
11406682.52
11388452.86
11362467.71
11328350.23
11285709.39
11234139.50

257123.32
260130.12
263132.99
266129.92
269118.81
272097.47
275063.60
278014.77
280948.46
283862.03
286752.71
289617.60
292453.69
295257.81
298026.67
300756.81
303444.64
306086.42
308678.21
311215.94
313695.35
316112.00
318461.27
320738.33
322938.17
325055.56
327085.06
329021.00
330857.48
332588.37
334207.30
335707.62
337082.43
338324.55
339426.53
340380.62
341178.76
341812.57
342273.37
342552.11
342639.44
342525.59
342200.48
341653.59
340874.03
339850.51
338571.28

156896.73
160034.66
163235.35
166500.06
169830.06
173226.66
176691.20
180225.02
183829.52
187506.11
191256.23
195081.36
198982.98
202962.64
207021.90
211162.34
215385.58
219693.29
224087.16
228568.90
233140.28
237803.09
242559.15
247410.33
252358.54
257405.71
262553.82
267804.90
273161.00
278624.22
284196.70
289880.64
295678.25
301591.81
307623.65
313776.12
320051.64
326452.68
332981.73
339641.37
346434.19
353362.88
360430.13
367638.74
374991.51
382491.34
390141.17

-100226.60
-100095.46
-99897.63
-99629.86
-99288.75
-98870.81
-98372.40
-97789.75
-97118.94
-96355.92
-95496.48
-94536.24
-93470.71
-92295.17
-91004.77
-89594.47
-88059.06
-86393.12
-84591.05
-82647.04
-80555.07
-78308.92
-75902.12
-73328.00
-70579.64
-67649.86
-64531.24
-61216.10
-57696.48
-53964.16
-50010.60
-45826.98
-41404.18
-36732.74
-31802.88
-26604.50
-21127.11
-15359.89
-9291.63
-2910.75
3794.76
10837.28
18229.66
25985.15
34117.48
42640.84
51569.89

87.00
88.00
89.00
90.00
91.00
92.00
93.00
94.00
95.00
96.00
97.00
98.00
99.00
100.00
101.00
102.00
103.00
104.00
105.00
106.00
107.00
108.00
109.00
110.00
111.00
112.00
113.00
114.00
115.00
116.00
117.00
118.00
119.00
120.00

11173219.70
11102513.42
11021567.89
10929913.58
10827063.61
10712513.20
10585739.02
10446198.63
10293329.78
10126549.77
9945254.75
9748819.06
9536594.43
9307909.27
9062067.91
8798349.72
8516008.39
8214270.98
7892337.10
7549377.96
7184535.46
6796921.20
6385615.52
5949666.40
5488088.45
4999861.80
4483930.97
3939203.68
3364549.67
2758799.43
2120742.96
1449128.38
742660.62
0.00

337024.19
335196.59
333075.40
330647.04
327897.41
324811.91
321375.40
317572.17
313385.96
308799.89
303796.49
298357.64
292464.57
286097.83
279237.28
271862.04
263950.49
255480.25
246428.13
236770.11
226481.34
215536.06
203907.64
191568.47
178489.99
164642.65
149995.85
134517.93
118176.11
100936.49
82763.98
63622.29
43473.85
22279.82

397943.99
405902.87
414020.93
422301.35
430747.38
439362.32
448149.57
457112.56
466254.81
475579.91
485091.51
494793.34
504689.20
514782.99
525078.65
535580.22
546291.82
557217.66
568362.01
579729.25
591323.84
603150.32
615213.32
627517.59
640067.94
652869.30
665926.69
679245.22
692830.12
706686.73
720820.46
735236.87
749941.61
764940.44

60919.81
70706.28
80945.53
91654.31
102849.97
114550.41
126774.17
139540.39
152868.85
166780.01
181295.01
196435.69
212224.63
228685.15
245841.37
263718.18
282341.33
301737.41
321933.88
342959.14
364842.50
387614.25
411305.69
435949.12
461577.95
488226.65
515930.83
544727.29
574654.01
605750.24
638056.48
671614.58
706467.76
742660.62

mensuales durante 10 aos.

i
G
Saldo

0.03
0.02
5000000.00

72478.16

Tasa de Inters Mensual

0.025

Tasa de Inters Trimestral

0.077

Periodo
0.00

Deuda
100000.000

Intereses
0.000

Cuota
0.000

Amortizacin
0.000

1.00

107689.063

7689.062

0.000

-7689.062

2.00

115969.342

8280.279

0.000

-8280.279

3.00

108929.763

8916.955

15956.534

7039.579

4.00

101348.907

8375.678

15956.534

7580.856

5.00

93185.154

7792.781

15956.534

8163.753

6.00

64393.684

7165.065

35956.534

28791.469

7.00

50037.549

4951.271

19307.406

14356.135

8.00

34577.562

3847.418

19307.406

15459.988

9.00

17928.846

2658.690

19307.406

16648.716

10.00

0.000

1378.560

19307.406

17928.846

n=
i=

36.00
0.03

10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00

Costos fijos
0.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00

Costo Variable
0.00
0.00
0.00
0.00
0.00
0.00
0.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00
150.00

Produccin
0.00
0.00
0.00
0.00
0.00
0.00
0.00
300.00
500.00
700.00
900.00
1100.00
1300.00
1500.00
1700.00
1900.00
2100.00
2300.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00
2500.00

Precio Ventas
3250314.87
600000.00
600000.00
600000.00
600000.00
600000.00
600000.00
645000.00
675000.00
705000.00
735000.00
765000.00
795000.00
825000.00
855000.00
885000.00
915000.00
945000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00
975000.00

7957778.01

13409675.25

Vpresente =

17791599.60

Tasa de Inters Trimestral

0.11

Deuda
1000000.00
914130.72
819245.17
414396.64
267039.01
104208.83
0.00

Intereses
0.00
105000.00
95983.73
86020.74
43511.65
28039.10
10941.93

Primera Alternativa
Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00

Cuota
0.00
190869.28
190869.28
490869.28
190869.28
190869.28
115150.76

Amortizacin
0.00
85869.28
94885.55
404848.53
147357.63
162830.18
104208.83

Extra

Segunda Alternativa
Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00

Deuda
1000000.00
914130.72
819245.17
414396.64
347191.66
272930.16
190871.20
100196.04
0.00

Intereses
0.00
105000.00
95983.73
86020.74
43511.65
36455.12
28657.67
20041.48
10520.58

Cuota
0.00
190869.28
190869.28
490869.28
110716.63
110716.63
110716.63
110716.63
110716.63

Amortizacin
0.00
85869.28
94885.55
404848.53
67204.98
74261.50
82058.96
90675.15
100196.04

Tasa de Inters Efectiva Mensual

0.03

Nmero de periodos
Deuda

180.00
2000000.00

Cuota "R"
Deuda en el periodo 109

60294.84
1763385.18

Inters hasta el ms 110

6388423.79

Periodo
0.00
109.00
110.00

Deuda
2000000.00
1763385.18
1755991.90

Intereses

Cuota

Amortizacin

52901.56

60294.84

7393.28

Tasa de Inters semestral

0.15

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00

Capital
0.00
59593.33
128125.65
276937.83
378071.83
434782.61
500000.00

Intereses
0.00
0.00
8939.00
19218.85
41540.67
56710.78
65217.39

Cuota
0.00
59593.33
59593.33
129593.33
59593.33
0.00
0.00

Capitalizacin
0.00
59593.33
68532.33
148812.18
101134.00
56710.78
65217.39

Tasa por periodo


G

0.10
0.20

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00

Deuda
100000.00
110000.00
121000.00
100063.72
56522.28
32438.88
0.00

Intereses
0.00
10000.00
11000.00
12100.00
10006.37
5652.23
3243.89

Cuota
0.00
0.00
0.00
33036.28
53547.81
29735.64
35682.76

Amotizacin
0.00
-10000.00
-11000.00
20936.28
43541.44
24083.41
32438.88

Ejercicio 14
Bacca Captulo 4
Tasa de Inters

0.02

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00

Deuda
2000000.00
1961534.29
1922299.28
1882279.56
1841459.44
1799822.93
1757353.68
1714035.05
1669850.04
1624781.34
1578811.26
1531921.78
1484094.51
1435310.70
1385551.20
1334796.52
1283026.75
1230221.58
1176360.30
1121421.81
1065384.54
1008226.52
949925.35
890458.15
829801.61
767931.93
704824.87
640455.66
574799.07
507829.34
439520.22
369844.92
298776.12
226285.93
152345.95
76927.16
0.00

Intereses
0.00
40000.00
39230.69
38445.99
37645.59
36829.19
35996.46
35147.07
34280.70
33397.00
32495.63
31576.23
30638.44
29681.89
28706.21
27711.02
26695.93
25660.53
24604.43
23527.21
22428.44
21307.69
20164.53
18998.51
17809.16
16596.03
15358.64
14096.50
12809.11
11495.98
10156.59
8790.40
7396.90
5975.52
4525.72
3046.92
1538.54

Cuota
0.00
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71
78465.71

Amortizacin
0.00
38465.71
39235.02
40019.72
40820.11
41636.52
42469.25
43318.63
44185.00
45068.70
45970.08
46889.48
47827.27
48783.81
49759.49
50754.68
51769.77
52805.17
53861.27
54938.50
56037.27
57158.01
58301.17
59467.20
60656.54
61869.67
63107.07
64369.21
65656.59
66969.72
68309.12
69675.30
71068.81
72490.18
73939.99
75418.79
76927.16

Se desea cancelar una deuda de $900000 en pagos mensuales de $R durante 3 aos,


El primero al final de un mes, y adems se efectuaran abonos semestrales extraordinarios
de una y media veces la cuota ordinaria, el primero de estos al final de 6 meses.
Suponiendo una tasa del 36% CM.
Cul debe ser el valor de las cuotas ordinarias y el de las cuotas extraordinarias?.
Respuestas: $33463.38 $50195.07
n semestral
n mensual
Tasa efectiva mensual
Tasa efectiva semestral

6.00
36.00
0.03
0.19

Periodo
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00

Deuda
900000.00
893536.62
886879.33
880022.33
872959.62
865685.03
807997.12
798773.66
789273.48
779488.31
769409.57
759028.48
698140.88
685621.72
672726.99
659445.42
645765.40
631674.98
566966.77
550512.40
533564.39
516107.93
498127.79
479608.24
410338.04
389184.79
367396.96
344955.48
321840.77
298032.61
223315.13

Intereses
0.00
27000.00
26806.10
26606.38
26400.67
26188.79
25970.55
24239.91
23963.21
23678.20
23384.65
23082.29
22770.85
20944.23
20568.65
20181.81
19783.36
19372.96
18950.25
17009.00
16515.37
16006.93
15483.24
14943.83
14388.25
12310.14
11675.54
11021.91
10348.66
9655.22
8940.98

Cuota
0.00
33463.38
33463.38
33463.38
33463.38
33463.38
83658.45
33463.38
33463.38
33463.38
33463.38
33463.38
83658.45
33463.38
33463.38
33463.38
33463.38
33463.38
83658.45
33463.38
33463.38
33463.38
33463.38
33463.38
83658.45
33463.38
33463.38
33463.38
33463.38
33463.38
83658.45

31.00
32.00
33.00
34.00
35.00
36.00

196551.20
168984.36
140590.50
111344.84
81221.80
0.00

6699.45
5896.54
5069.53
4217.72
3340.35
2436.65

33463.38
33463.38
33463.38
33463.38
33463.38
83658.45

Amortizacin
0.00
6463.38
6657.28
6857.00
7062.71
7274.59
57687.90
9223.47
9500.17
9785.18
10078.73
10381.09
60887.60
12519.16
12894.73
13281.57
13680.02
14090.42
64708.21
16454.38
16948.01
17456.45
17980.14
18519.55
69270.21
21153.24
21787.84
22441.47
23114.72
23808.16
74717.48

26763.93
27566.85
28393.85
29245.67
30123.04
81221.80

Periodo

Ingresos

3000000.00 3900000.00

Egresos
Costos Produccion

800000.00

Depreciacin

1000000.00

2000000.00 2000000.00

Base de impuestos

200000.00

900000.00

Impuestos

76000.00

342000.00

Utilidad Neta

2124000.00 2558000.00

Inversiones

6000000.00

Flujo de caja neto

-6000000.00

VPN Calculada

-385288.05
No se debe realizar

VNA Excel

-385288.05

2124000.00 2558000.00

5070000.00 6591000.00 8568300.00

Tasa impositiva

0.38

1200000.00 1400000.00 1600000.00

TIO

0.4

2000000.00
1870000.00 5191000.00 6968300.00
710600.00

1972580.00 2647954.00

3159400.00 3218420.00 4320346.00

3159400.00 3218420.00 4320346.00

Con prstamo
Estado de Resultados

Ao

0.00

1.00

2.00

Ingresos

0.00

7000000.00

7000000.00 7000000.00

Egresos

0.00

1000000.00

1000000.00 1000000.00

Depreciacin

0.00

2666666.67

2666666.67 2666666.67

Utilidad bruta

0.00

3333333.33

3333333.33 3333333.33

Gastos Operacionales

0.00

0.00

Utilidad Operacional

3333333.33

3333333.33 3333333.33

Gastos financieros

0.00

600000.00

435164.84

Utilidad antes de impuestos

0.00

2733333.33

2898168.50 3095970.70

Impuestos

0.00

956666.67

1014358.97 1083589.74

Utilidad despus de Impuestos

0.00

1776666.67

1883809.52 2012380.95

0.00

3.00

0.00

237362.64

"Menos" Inversin
"Menos" Amortizacin
"Mas" Depreciaciones

5000000.00
0.00
0.00

824175.82
2666666.67

989010.99 1186813.19
2666666.67 2666666.67

Flujo neto de caja

-5000000.00

3619157.51

3561465.20 3492234.43

VNP
TIR

674866.78
0.51

Tasa impositiva
TIO
Tasa Inters prestamo

0.35
0.40
0.20

Periodo
0.00
1.00
2.00
3.00

Deuda
3000000.00
2175824.18
1186813.19
0.00

Amortizacin
Inters
0.00
600000.00
435164.84
237362.64

Utilidad antes de impuestos

0.00

2733333.33

"Mas" Intereses

0.00

600000.00

Impuestos

0.00

1166666.67

Flujo de caja libre del proyecto


"Mas" Utilidad antes de impuesto
"Mas" Intereses
"Menos" Impuestos
"Mas" Depreciaciones
"Menos" Inversiones

0.00
0.00
0.00
0.00
8000000.00

2733333.33
600000.00
1166666.67
2666666.67

Flujo de caja libre del proyecto

-8000000.00

4833333.33

VNA
TIR

-320213.80
0.37

Cuota
0.00
1424175.82
1424175.82
1424175.82

Amortizacin
0.00
824175.82
989010.99
1186813.19

2898168.50

3095970.70

435164.84

237362.64

1166666.67

1166666.67

2898168.50
435164.84
1166666.67
2666666.67

3095970.70
237362.64
1166666.67
2666666.67

4833333.33

4833333.33

0.00

1.00

0.00

500000.00

2.00

3.00

4.00

Ingresos
2000000.00 3000000.00 5000000.00

Egresos
Inversin
Costos

3000000.00 1000000.00

Utilidad Neta

Flujo neto de caja

700000.00

500000.00

500000.00

-500000.00 1300000.00 2500000.00 4500000.00

-3000000.00

TIO
VNA
TIR

0.30
1579415.72
0.4463

Egresos periodo 0
Ingresos periodo 5
TIRM Calculada
TIRM Excel

3384615.38
18431100.00
0.4035
0.4035

-500000.00 1300000.00 2500000.00 4500000.00

5.00

6000000.00

500000.00
5500000.00

5500000.00

Amortizacin Deuda
Periodo
Deuda
Intereses
Cuota
Amortizacin
Tasa prstamo

0.00
3000000.00
0.00
0.00
0.00
0.30

Tasa impositiva

0.35

Ao

0.00

1.00

Ingresos

0.00

15000000.00

Egresos Materia Prima

0.00

6000000.00

Depreciaciones y salvamentos
Mquina
Salvamento Mquina

1.00
2515112.33
900000.00
1384887.67
484887.67

1080000.00

Equipos de oficina
Salvamento Equipos

352000.00

Depreciacin total

1432000.00

Utilidad bruta

0.00

7568000.00

Gastos Operacionales
Utilidad Operacional

0.00
0.00

2800000.00
4768000.00

Gastos financieros
Utilidad antes de impuestos

0.00
0.00

900000.00
3868000.00

Impuestos

0.00

1353800.00

Utilidad despus de Impuestos

0.00

2514200.00

"Menos" Inversin

5000000.00

"Menos" Amortizacin
"Mas" Depreciaciones

0.00
0.00

484887.67
1432000.00

Flujo neto de caja

-5000000.00

3461312.33

VNP
TIR

0.03
0.30000000

2.00
1884758.36
754533.70
1384887.67
630353.97

3.00
1065298.21
565427.51
1384887.67
819460.16

4.00
0.00
319589.46
1384887.67
1065298.21

2.00

3.00

4.00

5.00

13689446.66

12493396.66

11401845.81

10405664.01

5994000.00

5988006.00

5982017.99

5976035.98

1080000.00

1080000.00

1080000.00

1080000.00
600000.00

352000.00

352000.00

352000.00

352000.00
240000.00

1432000.00

1432000.00

1432000.00

1432000.00

6263446.66

5073390.66

3987827.82

2997628.03

3128000.00
3135446.66

3494480.00
1578910.66

3903960.80
83867.02

4361495.05
-523867.02

754533.70
2380912.96

565427.51
1013483.15

319589.46
-235722.44

0.00
-523867.02

833319.54

354719.10

-82502.86

-183353.46

1547593.42

658764.05

-153219.59

-340513.56

630353.97
1432000.00

819460.16
1432000.00

1065298.21
1432000.00

0.00
1432000.00

2349239.46

1271303.89

213482.21

1091486.44

Ingresos...Egresos
Periodo
Produccin
Precio Unidad
Costos Unitario M.P.
Nmina Produccin
Nmina Administrativo
Ingresos
Esgresos Materia Prima

0
0.00
0.00
0.00
0.00
0.00
0.00
0.00

1
20000.00
750.00
300.00
2000000.00
800000.00
15000000.00
6000000.00

2
18000.00
760.52
333.00
2240000.00
888000.00
13689446.66
5994000.00

Tasa venta

0.01403

VPN
TIR

0.03
0.300000005

3
16200.00
771.20
369.63
2508800.00
985680.00
12493396.66
5988006.00

4
14580.00
782.02
410.29
2809856.00
1094104.80
11401845.81
5982017.99

5
13122.00
792.99
455.42
3147038.72
1214456.33
10405664.01
5976035.98

Ao

Ingresos

0.00

20000000.00

Egresos Materia Prima

0.00

9000000.00

Depreciaciones y salvamentos
Automotores
Valor de recuperacin

0.00

7000000.00

Utilidad bruta

0.00

4000000.00

Gastos Operacionales
Utilidad Operacional

0.00
0.00

0.00
4000000.00

Gastos financieros
Utilidad antes de impuestos

0.00
0.00

2747074.15
1252925.85

Impuestos

0.00

438524.05

Utilidad despus de Impuestos

0.00

814401.80

"Menos" Inversin
Capital de trabajo
"Menos" Amortizacin
"Mas" Depreciaciones
"Ms" recuperacin capital Tra
Flujo neto de caja

40000000.00
0.00
0.00

20000000.00
0.00
7000000.00

-40000000.00

-12185598.20

VNP
TIR

-7734650.72
0.08

Ao

Ingresos

0.00

20000000.00

Egresos Materia Prima

0.00

9000000.00

Depreciaciones y salvamentos
Automotores
Valor de recuperacin

0.00

7000000.00

Utilidad bruta

0.00

4000000.00

Gastos Operacionales
Utilidad Operacional

0.00
0.00

0.00
4000000.00

Gastos financieros
Utilidad antes de impuestos

0.00
0.00

0.00
4000000.00

Impuestos

0.00

1400000.00

Utilidad despus de Impuestos

0.00

2600000.00

"Menos" Inversin
"Menos" Capital de trabajo
"Menos" Amortizacin
"Mas" Depreciaciones
"Ms" recuperacin capital Tra
Flujo neto de caja

50000000.00
0.00
0.00

20000000.00
0.00
7000000.00

-50000000.00

-10400000.00

VNP
TIR

-3281042.32
0.10

Tasa impositiva
TIO

0.35
0.12

21600000.00

34992000.00

37791360.00

9630000.00

13805100.00

14810283.00

7000000.00

7000000.00

7000000.00

4970000.00

14186900.00

15981077.00

0.00
4970000.00

0.00
14186900.00

0.00
15981077.00

3501715.79
1468284.21

2915245.43
11271654.57

2167667.32
13813409.68

513899.48

3945079.10

4834693.39

954384.74

7326575.47

8978716.29

5000000.00
2134890.88
7000000.00

5000000.00
2721361.23
7000000.00

5000000.00
3468939.34
7000000.00

819493.86

6605214.24

7509776.95

Tasa impositiva
TIO

0.35
0.12

21600000.00

34992000.00

37791360.00

9630000.00

13805100.00

14810283.00

7000000.00

7000000.00

7000000.00

4970000.00

14186900.00

15981077.00

0.00
4970000.00

0.00
14186900.00

0.00
15981077.00

0.00
4970000.00

0.00
14186900.00

0.00
15981077.00

1739500.00

4965415.00

5593376.95

3230500.00

9221485.00

10387700.05

5000000.00
0.00
7000000.00

5000000.00
0.00
7000000.00

5000000.00
0.00
7000000.00

5230500.00

11221485.00

12387700.05

5
40814668.80
15890919.39

7000000.00
15000000.00
17923749.41
0.00
32923749.41
1214723.96
31709025.45
11098158.91
20610866.54

5000000.00
4421882.70
7000000.00
40000000.00
58188983.84

5
40814668.80
15890919.39

7000000.00
15000000.00
17923749.41
0.00
32923749.41
0.00
32923749.41
11523312.29
21400437.12

5000000.00
0.00
7000000.00
40000000.00
63400437.12

Periodo
Deuda
Intereses
Cuota
Amortizacin
Tasa N.T.A prstamo
Tasa E.T.A prstamo
Tasa E.A.A prstamo
Tasa E.A prstamo i=ia/(1-ia)

0
10000000.00
0.00
0.00
0.00
0.20
0.05
0.21550625
0.274707415

Amortizacin Deuda
Periodo de Gracia
1
12747074.15
2747074.15
0.00
0.00

2
10612183.27
3501715.79
5636606.66
2134890.88

3
7890822.04
2915245.43
5636606.66
2721361.23

4
4421882.70
2167667.32
5636606.66
3468939.34

5
0.00
1214723.96
5636606.66
4421882.70

Periodo
Cantidad
Precio por unidad
Costo unitario
Ingresos por Produccin
Costo fijo
Egresos por produccin

0
0.00
0.00
0.00
0.00
0.00
0.00

Ingresos- Egresos
1
20000.00
1000.00
300.00
20000000.00
3000000.00
9000000.00

2
20000.00
1080.00
324.00
21600000.00
3150000.00
9630000.00

3
30000.00
1166.40
349.92
34992000.00
3307500.00
13805100.00

4
30000.00
1259.71
377.91
37791360.00
3472875.00
14810283.00

5
30000.00
1360.49
408.15
40814668.80
3646518.75
15890919.39

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