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MATEMATICA FINANCIERA 102007A_291

ACTIVIDAD N 2

LUIS ISIDRO GAITAN


CODIGO 79.839.349
GRUPO 102007_30

TUTOR
ANDRES FELIPE ALZATE

UNIVERSIDAD NACIONAL ABIERTA Y A DISTANCIA - UNAD


ESCUELA DE CIENCIAS ADMINISTRATIVAS, CONTABLES, ECONMICAS Y DE NEGOCIOS

SEPTIEMBRE DE 2016

NAD

AS Y DE NEGOCIOS

INTRODUCCION

La matemtica financiera es muy importante como fuente de conocimiento, y es de vital


importancia en el programa de administracin de empresas. En el presente trabajo se han
incluido los diferentes tipos de amortizacin, empleando las formulas condicionales para el
clculo respectivo de la cuota a pagar, los intereses y los saldos en cada periodo. Igualmente se
ha observado el impacto que tienen los intereses, dependiendo del tipo de amortizacin
escogida.

imiento, y es de vital
esente trabajo se han
condicionales para el
periodo. Igualmente se
tipo de amortizacin

TABLA DE CONTENIDO

AMORTIZACION FIJA A CAPITAL


AMORTIZACION PAGO CUOTA FIJA
AMORTIZACION CUOTA FIJA CON PERIODO DE GRACIA
AMORTIZACION CUOTA FIJA CON PERIODO MUERTO
ESTADO DE RESULTADO AJUSTADO
ESTADO DE RESULTADO CON IMPACTO EN PRIMER AO DE INTERESES AMORTIZACION FIJA A CAPITAL

ESTADO DE RESULTADO CON IMPACTO EN PRIMER AO DE INTERESES AMORTIZACION PAGO A CUOTA

ESTADO DE RESULTADO CON IMPACTO EN PRIMER AO DE INTERESES AMORTIZACION PAGO A CUOTA

ESTADO DE RESULTADO CON IMPACTO EN PRIMER AO DE INTERESES AMORTIZACION PAGO A CUOTA


RECOMENDACIN EN CALIDAD DE ASESOR

IZACION FIJA A CAPITAL

IZACION PAGO A CUOTA FIJA

IZACION PAGO A CUOTA FIJA CON PERIODO DE GRACIA

IZACION PAGO A CUOTA FIJA CON PERIODO MUERTO

PESTAA

1
2
3
4
5
6
7
8
9
10

TABLA PAGO AMORTIZACIN FIJA A CAPITAL


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
25
26
27
28
29
30
31
32
33
34
35
36
TOTALES

600,000,000.00
0.99%
36
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
300,000,000.00
283,333,333.33
266,666,666.67
250,000,000.00
233,333,333.33
216,666,666.67
200,000,000.00
183,333,333.33
166,666,666.67
150,000,000.00
133,333,333.33
116,666,666.67
100,000,000.00
83,333,333.33
66,666,666.67
50,000,000.00
33,333,333.33
16,666,666.67

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
19,636,666.67
19,471,666.67
19,306,666.67
19,141,666.67
18,976,666.67
18,811,666.67
18,646,666.67
18,481,666.67
18,316,666.67
18,151,666.67
17,986,666.67
17,821,666.67
17,656,666.67
17,491,666.67
17,326,666.67
17,161,666.67
16,996,666.67
16,831,666.67
709,890,000.00

RTIZACIN FIJA A CAPITAL

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
2,970,000.00
2,805,000.00
2,640,000.00
2,475,000.00
2,310,000.00
2,145,000.00
1,980,000.00
1,815,000.00
1,650,000.00
1,485,000.00
1,320,000.00
1,155,000.00
990,000.00
825,000.00
660,000.00
495,000.00
330,000.00
165,000.00
109,890,000.00

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
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
600,000,000.00

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
283,333,333.33
266,666,666.67
250,000,000.00
233,333,333.33
216,666,666.67
200,000,000.00
183,333,333.33
166,666,666.67
150,000,000.00
133,333,333.33
116,666,666.67
100,000,000.00
83,333,333.33
66,666,666.67
50,000,000.00
33,333,333.33
16,666,666.67
(0.00)

TABLA DE AMORTIZACIN PAGO A CUOTA FIJA


CAPITAL

600,000,000.00

TASA PERIODICA MENSUAL


PERIODOS

1.2%
18

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
TOTALES

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
670,709,977.22

ZACIN PAGO A CUOTA FIJA

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
70,709,977.22

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
600,000,000.00

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
-

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
25
26
27
28
29
30
31
32
33
34
35
36
TOTALES

600,000,000
1.28%
24
600,000,000
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
466,709,683.59
443,488,849.08
419,970,787.88
396,151,695.51
372,027,718.75
347,594,955.09
322,849,452.05
297,787,206.57
272,404,164.36
246,696,219.20
220,659,212.34
194,288,931.80
167,581,111.67
140,531,431.43
113,135,515.29
85,388,931.43
57,287,191.29
28,825,748.88

CUOTA FIJA CON PERIODO DE GRACIA


PERIODO DE GRACIA
PERIODOS TOTALES

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
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
442,496,622

N PERIODO DE GRACIA
12
36

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
5,973,883.95
5,676,657.27
5,375,626.08
5,070,741.70
4,761,954.80
4,449,215.43
4,132,472.99
3,811,676.24
3,486,773.30
3,157,711.61
2,824,437.92
2,486,898.33
2,145,038.23
1,798,802.32
1,448,134.60
1,092,978.32
733,276.05
368,969.59
165,346,074

AMORTIZACIN
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
21,514,718.46
21,790,106.86
22,069,020.23
22,351,503.68
22,637,602.93
22,927,364.25
23,220,834.51
23,518,061.19
23,819,092.38
24,123,976.76
24,432,763.66
24,745,503.04
25,062,245.48
25,383,042.22
25,707,945.16
26,037,006.86
26,370,280.54
26,707,820.13
27,049,680.23
27,395,916.14
27,746,583.87
28,101,740.14
28,461,442.41
28,825,748.88
277,150,548

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
443,488,849.08
419,970,787.88
396,151,695.51
372,027,718.75
347,594,955.09
322,849,452.05
297,787,206.57
272,404,164.36
246,696,219.20
220,659,212.34
194,288,931.80
167,581,111.67
140,531,431.43
113,135,515.29
85,388,931.43
57,287,191.29
28,825,748.88
0.00
12,640,511,451

TABLA FIJA ON PERIODO


CAPITAL
TASA MENSUAL
PERIODOS AMORTIZACION
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
TOTALES

600,000,000.00
1.30%
18
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
616,145,797.99
583,525,349.88
550,480,835.95
517,006,743.33
483,097,487.51
448,747,411.36
413,950,784.22
378,701,800.93
342,994,580.86
306,823,166.93
270,181,524.61
233,063,540.95
195,463,023.50
157,373,699.32
118,789,213.92
79,703,130.22
40,108,927.43

TABLA FIJA ON PERIODO MUERTO


PERIODO MUERTO
PERIODOS TOTALES
CAPITAL AMORTIZAR
CUOTA
0.00
0.00
0.00
0.00
0.00
0.00
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
40,630,343.48
731,346,182.73

6
18
$ 648,347,622.39
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
8,009,895.37
7,585,829.55
7,156,250.87
6,721,087.66
6,280,267.34
5,833,716.35
5,381,360.19
4,923,123.41
4,458,929.55
3,988,701.17
3,512,359.82
3,029,826.03
2,541,019.31
2,045,858.09
1,544,259.78
1,036,140.69
521,416.06
131,346,182.73

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
32,201,824.39
32,620,448.11
33,044,513.94
33,474,092.62
33,909,255.82
34,350,076.15
34,796,627.14
35,248,983.29
35,707,220.07
36,171,413.93
36,641,642.31
37,117,983.66
37,600,517.45
38,089,324.18
38,584,485.39
39,086,083.70
39,594,202.79
40,108,927.43
600,000,000.00

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
616,145,797.99
583,525,349.88
550,480,835.95
517,006,743.33
483,097,487.51
448,747,411.36
413,950,784.22
378,701,800.93
342,994,580.86
306,823,166.93
270,181,524.61
233,063,540.95
195,463,023.50
157,373,699.32
118,789,213.92
79,703,130.22
40,108,927.43
0.00
9,503,552,517.36

CUENTA
INGRESOS POR VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA
GASTOS OPERACIONALES
UTILIDAD OPERACIONAL
GASTOS FINACIEROS (se obtienen con el software)
UTILIDAD ANTES DE IMPUESTOS
IMPUESTOS
UTILIDAD NETA

2015
6,750,000,000
3,037,500,000
3,712,500,000
556,874,000
3,155,626,000
3,155,626,000
99,043,694
3,056,582,306.00

CUENTA
INGRESOS POR VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA
GASTOS OPERACIONALES
UTILIDAD OPERACIONAL
GASTOS FINACIEROS
UTILIDAD ANTES DE IMPUESTOS
IMPUESTOS
UTILIDAD NETA

ESTADO DE RESULTADOS 1
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
180,745,422.00
6,285,754,578.00
109,890,000.00
6,175,864,578.00
99,043,694.00
6,076,820,884.00

CUENTA
INGRESOS POR VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA
GASTOS OPERACIONALES
UTILIDAD OPERACIONAL
GASTOS FINACIEROS
UTILIDAD ANTES DE IMPUESTOS
IMPUESTOS
UTILIDAD NETA

ESTADO DE RESULTADOS 2
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
180,745,422.00
6,285,754,578.00
70,709,977.22
6,215,044,600.78
99,043,694.00
6,116,000,906.78

CUENTA
INGRESOS POR VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA
GASTOS OPERACIONALES
UTILIDAD OPERACIONAL
GASTOS FINACIEROS (se obtienen con el software)
UTILIDAD ANTES DE IMPUESTOS
IMPUESTOS
UTILIDAD NETA

ESTADO DE RESULTADOS 3
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
180,745,422.00
6,285,754,578.00
165,346,073.59
6,120,408,504.41
99,043,694.00
6,021,364,810.41

CUENTA
INGRESOS POR VENTAS
COSTO DE VENTAS
UTILIDAD BRUTA
GASTOS OPERACIONALES
UTILIDAD OPERACIONAL
GASTOS FINACIEROS (se obtienen con el software)
UTILIDAD ANTES DE IMPUESTOS
IMPUESTOS
UTILIDAD NETA

ESTADO DE RESULTADOS 3
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
180,745,422.00
6,285,754,578.00
131,346,182.73
6,154,408,395.27
99,043,694.00
6,055,364,701.27

RECOMENDACIN

Se sugiere tomar la modalidad de credito amortiacion fija a capital, ya que es aquella en la cual
la tasa de interes es inferior a las otras, generandonos una mayor utilidad al cierre del ejercicio.

e es aquella en la cual
d al cierre del ejercicio.

TABLA DE
MONTO SOLICITADO
Amortizacin fija a capital
Amortizacin pago cuota fija
Cuota fija con periodo de gracia
Cuota fija con periodo muerto

$
$
$
$

600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00

TASA DE
INTERES
EFECTIVA
MNESUAL
99%
1.2%
1.28%
1.30%

TABLA DE RESUMNE DE AMORTIZACIONES


PERIODO DE
GRACIA

PERIODO
MUERTO

TOTAL DE
PERIODOS

N/A
N/A
12
N/A

N/A
N/A
N/A
6

36
18
36
18

CUOTA
MENSUAL
$ 22,606,666
$ 37,261,665
$ 7,680,000
$ 31,621,341

TOTAL
INTERESES
109,890,000
70,709,977
165,346,074
150,570,299

INTERESES PRIMER
AO
60,390,000
61,612,593
92,160,000
92,529,472

IMPUESTOS
$ 99,043,694
$ 99,043,694
$ 99,043,694
$ 99,043,694

UTILIDAD NETA
6,076,820,884.00
6,116,000,906.78
6,021,364,810.41
6,055,364,701.27