Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Fin
Comprador - Vendedor
Situación 01 = Situacion 02
Inversiones = Gastos de Mantenimiento
Gastos mantenimiento
gastos Mtto 5Mes 8,000,000.00
VP Q03…Q43 61,608,162.43
VP Q48…Inf 130,130,871.76
VP gttos Mantto Mes 00 $ 191,739,034.19
Inversiones
Inver 3Mes 1.00 X
VP T04…T43 11.9319182 X
VP T46…T inf 27.3558290 X
39.2877472 X
191,739,034.19 ´=
1 83,600.00 ´+
2 83,600.00 ´+
3 83,600.00 ´+
4 83,600.00 ´+
5 83,600.00 ´+
6 83,600.00 ´+
7 83,600.00 ´+
8 83,600.00 ´+
9 83,600.00 ´+
10 83,600.00 ´+
11 83,600.00 ´+
12 83,600.00 ´+
VP Gradienta Lineal VP GA = A* (1- (1+i)^-n)/i + g/i * ((1- (
VP Gradiente Geométrico VP GG = A / ( i - k ) * ( 1 - (( 1 + k ) / ( 1
Reglas de VF
i es la tasa de interes del periodo d
n numero de cuotas o pagos (es num
VF da exacto donde esta ubicada la
A : Es valor de la cuota base o prime
La tasa de interes siempre debe ser v
Mantenimiento
43)*(1+0,69%)^2 + VP(Q48..Inf)*(1+0,89%)^2*(1+0,69%)^-45
VP = A / i
39.287747 X
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
C(n+1)-C(n)
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
5,500.00
0.00 A
5,500.00 1g A + 1g
11,000.00 2g A + 2g
16,500.00 3g A + 3g
22,000.00 4g A + 4g
27,500.00 5g A + 5g
33,000.00 6g A + 6g
38,500.00 7g A + 7g
44,000.00 8g A + 8g
49,500.00 9g A + 9g
55,000.00 10g A + 10g
60,500.00 11g A + 11g
-n)/i + g/i * ((1- (1+i)^-n)/i - n*(1+i)^-n)
1 - (( 1 + k ) / ( 1 + i )) ^n)
SSS i dif k
( 1+ i )^n - ( 1 + k )^n)
SSS i = k
i)^(n-1)
ccccccccccccccccccccccccccccccccccccccccccccccccccccccc
Gradiente Geometrico
Gradiente Exponencial 1 1,800,000.00
Gradiente porcentual 2 1,908,000.00
3 2,022,480.00
4 2,143,828.80
5 2,272,458.53
6 2,408,806.04
7 2,553,334.40
8 2,706,534.47
9 2,868,926.53
10 3,041,062.13
11 3,223,525.85
12 3,416,937.41
0.00 6.00
6.00
Variaciones % 1.200%
Numero de cuotas 46.00
EA+C31C30:D35C
Interes NA/MV 12.00 21.8400%
VP M06..,M51 101,079,029.38
VP M52..,M81 39,754,327.38
Valor Activo Mes 00 $ 140,833,356.76
nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
E2
Prestamo 120,000,000.00
0.00
4.00
Varuaciones % 0.800%
Numero de cuotas 24.00
EA
Interes NA/MV 24.99% 28.060611%
VP M04…M27 19.183336749
VP M28…M45 9.801497675
28.984834424
i + g / i^2
cccccccccccccccccccccccccccccc
C(n+1)/C(n)-1
6.00%
6.00%
6.00% Variacion = k
6.00%
6.00%
6.00% lin Geom
6.00% 100.00 100.00
6.00% 20.00% 120.00 120.00
6.00% 16.67% 140.00 144.00
6.00% 14.29% 160.00 172.80
6.00% 12.50% 180.00 207.36
11.11% 200.00 248.83
*(1+k)^(n-1)
SSS i>k
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
51.00
51.00 52.00 81.00
-0.700%
30.00
A+C31C30:D35C4C35:D37
MV
24.164405% 1.820000%
M51)*(1+1,82%)^-5 + VP(M52..M81)*(1+1,82%)^-51
1,2%)^45 4,789,399.83
El Valor……….
nnnnnnnnnnnnnnnnnnnnn
27.00 45.00
27.00 28.00 45.00
-0.500%
18.00
MV
2.08250%
VP(M28..M45)*(1+2,08%)^-27
X
+0,8%)^23 1.2011362 X
X
X
X
X
El prest…………
20.00%
20.00%
20.00%
20.00%
20.00%
81.00
MatFin
Incremento % 0.80%
0 4
4.00
125.000.000 = VF(Cta..Inc)*(1+0,48%)^24*(
+ VF(M4..M24)*(1+0,75%)^48
+ VF(M25..M66)*(1+0,75%)^6
M4 1.00
M25 M25 = M4*(1+0,8%)^21
M25 = M24*(1+0,8%)
M24 = M4*(1+0,8%)^20
125,000,000.00
120,480,128.89
M40
125,000,000.00
81,492,784.60
Tabla de Capitalización
Per Ahorro Mes
0 2,800,000.00
1 0.00
2 0.00
3 0.00
4 1,140,116.81
5 1,149,237.75
6 1,158,431.65
7 1,167,699.10
8 1,177,040.70
9 1,186,457.02
10 1,195,948.68
11 1,205,516.27
12 1,215,160.40
13 1,224,881.68
14 1,234,680.73
15 1,244,558.18
16 1,254,514.65
17 1,264,550.76
18 1,274,667.17
19 1,284,864.51
20 1,295,143.42
21 1,305,504.57
22 1,315,948.61
23 1,326,476.19
24 1,337,088.00
25 1,347,784.71
26 1,358,566.99
27 1,369,435.52
28 1,380,391.01
29 1,391,434.13
30 1,402,565.61
31 1,413,786.13
32 1,425,096.42
33 1,436,497.19
34 1,447,989.17
35 1,459,573.08
36 1,471,249.67
37 1,483,019.67
38 1,494,883.82
39 1,506,842.89
40 1,518,897.64
41 1,531,048.82
42 1,543,297.21
43 1,555,643.59
44 1,568,088.73
45 1,580,633.44
46 1,593,278.51
47 1,606,024.74
48 1,618,872.94
49 1,631,823.92
50 1,644,878.51
51 1,658,037.54
52 1,671,301.84
53 1,684,672.26
54 1,698,149.63
55 1,711,734.83
56 1,725,428.71
57 1,739,232.14
58 1,753,146.00
59 1,767,171.16
60 1,781,308.53
61 1,795,559.00
62 1,809,923.47
63 1,824,402.86
64 1,838,998.08
65 1,853,710.07
66 1,868,539.75
67 0.00
68 0.00
69 0.00
70 0.00
71 0.00
72 0.00
EA MV
6.0335205% 0.4894028%
9.4637733% 0.7563751%
24
24.00 25.00
a..Inc)*(1+0,48%)^24*(1+0,75%)^48
..M24)*(1+0,75%)^48
5..M66)*(1+0,75%)^6
X
+0,8%)^21 1.1821462 X
1+0,8%)
+0,8%)^20
X
X
X
´= 4,519,871.11 ¨+ 105.67
´0 105.67350 X
bbbbbbbbbbbbb
1+0,48%)^24*(1+0,75%)^15 +
4)*(1+0,75%)^15 +
40.00%
n 40.00 66.00
1.00 Y
43,507,215.40 34.55662389 Y
34.5566239 Y
Prestamo 180,000,000.00
K adicional = (1+Kmes)^n-1
K 3mes + = (1+1,2%)^3-1 3.643373%
K 3mes - = (1 - 0,7%)^3-1 -2.085334%
VP M02…M33 28.585174996
VP M34…M60 16.153827703
VP T05..T32 12.439962814
VP T35..T59 7.536993315
64.715958828
180,000,000.00
Variación proporcional =
X 2.00 33.00 32.00
34.00 60.00 27.00
-2.085334%
GG(M2..M33)*(1+1,7%)^-1 +PGG(M34..M60)*(1+1,7%)^-33 +
T32)*(1+1,7%)^-2 + PGG(T35..T59)*(1+1,7%)^-32
1.000000 X
1.437292 X
1.44742439
1.451007 X 5.00
1.036434 8.00
1.998124 X 11.00
1.427231 14.00
17.00
X 20.00
X 23.00
X 26.00
X 29.00
X 32.00
35.00
´= 64.71596 X 38.00
41.00
44.00
ccccccccccc 47.00
50.00
do M46…M60 53.00
56.00
60) + PGG(T47..T59)*(1+1,7%)^1 59.00
Número de cuotas
1.321101 $ 3,674,491.38 46.00 60.00
47.00 59.00
$ 5,108,277.92
3,648,769.94
Y46 / X46 -1
de cuotas
15.00
5.00
Mate Fin HQ
Prestamo 175,000,000.00
Prestamo = Pagos
Fecha Focal mes 00 VP(Prest) = VPGG(M03..M33)*(1+1,9%)
+ VPGG(C08..C32)*(1+1,9%)^-4 + VP
Cn(GG) = A*(1+k)^(n-1)
M03
M34 M34 = M33*(1-0,8%)
M33 = M3*(1+1,2%)^30
VP M03…M33 26.12687828
VP M34…M75 18.38522959
VP C08…C32 9.29185689
VP C36…C36 7.06175460
60.86571936
175,000,000.00
Tabla de Amortizacion
X 8.00 32.00
36.00 72.00
EA 1MV 4MV
26.472885% 1.976426% 8.143182%
K4+
K4-
(M03..M33)*(1+1,9%)^-2 +VPGG(M34..M75)*(1+1,9%)^-33
2)*(1+1,9%)^-4 + VPGG(C36..C72)*(1+1,9%)^-32
1.0000000 X
1.4188192 X
1.430261
1.6983318 X
1.061457
2.233934 X
1.396209
X
X
X
X
X
´= 60.865719 X
7.00
10.00
1,9%)^-33
Abo.Capit Saldo
175,000,000.00
-3,458,744.90 178,458,744.90
-3,527,104.43 181,985,849.33
-721,633.36 182,707,482.69
-701,393.73 183,408,876.42
-680,340.05 184,089,216.47
-658,451.26 184,747,667.74
-635,705.84 185,383,373.58
4,270,930.72 181,112,442.86
-491,047.40 181,603,490.26
-463,690.52 182,067,180.78
-435,348.21 182,502,528.98
4,715,654.21 177,786,874.78
-274,381.88 178,061,256.65
-240,931.51 178,302,188.16
-206,353.54 178,508,541.70
5,201,329.58 173,307,212.12
-27,530.05 173,334,742.16
12,698.94 173,322,043.22
54,212.30 173,267,830.92
5,731,523.14 167,536,307.78
252,579.20 167,283,728.58
300,336.95 166,983,391.63
349,551.80 166,633,839.83
6,310,102.92 160,323,736.91
569,297.01 159,754,439.90
625,404.46 159,129,035.45
683,159.10 158,445,876.35
6,941,263.78 151,504,612.57
926,278.84 150,578,333.73
991,633.91 149,586,699.82
1,058,845.25 148,527,854.56
7,629,554.65 140,898,299.92
1,327,510.79 139,570,789.13
1,320,849.96 138,249,939.17
1,314,320.68 136,935,618.49
7,730,890.02 129,204,728.47
1,428,603.89 127,776,124.58
1,424,981.26 126,351,143.32
1,421,541.91 124,929,601.41
7,638,172.36 117,291,429.05
1,538,150.78 115,753,278.27
1,537,700.55 114,215,577.72
1,537,488.24 112,678,089.48
7,560,740.92 105,117,348.56
1,656,832.86 103,460,515.71
1,659,703.73 101,800,811.97
1,662,870.35 100,137,941.62
7,499,118.44 92,638,823.18
1,785,387.24 90,853,435.94
1,791,743.49 89,061,692.45
1,798,456.82 87,263,235.63
7,453,893.06 79,809,342.57
1,924,611.27 77,884,731.30
1,934,633.91 75,950,097.38
1,945,078.77 74,005,018.61
7,425,722.93 66,579,295.68
2,075,367.44 64,503,928.24
2,089,255.48 62,414,672.76
2,103,635.04 60,311,037.73
7,415,341.18 52,895,696.54
2,238,588.67 50,657,107.87
2,256,560.45 48,400,547.42
2,275,097.61 46,125,449.82
7,423,561.40 38,701,888.41
2,415,284.04 36,286,604.37
2,437,578.75 33,849,025.62
2,460,517.63 31,388,507.98
7,451,283.49 23,937,224.49
2,606,545.01 21,330,679.49
2,633,424.26 18,697,255.22
2,661,031.86 16,036,223.37
7,499,500.07 8,536,723.30
2,813,552.07 5,723,171.23
2,845,301.64 2,877,869.59
2,877,869.59 0.00
Mate Fin
El presupuesto para la ejecución de una obra indica que se debe pagar
que decrecen mes a mes en 0,8% desde el quinto mes hasta dos años y
durante 4 años y un trimestre, el primer pago mensual es de $4.800.000
los 2 años y un trimestre iniciales y a continuación del 30,18% causació
presentaron cambios; La cuota inicial es del 15%, el plazo de la obra se
efectivos anuales de financiamiento se redujeron cada uno en 20%, la fr
del nuevo plazo, los pagos son mensuales a partir del segundo año y se
Se necesita saber el valor de las cuotas de pago para ejecutar la obra.
Situacion 01 = Situacion 02
M5
M28 M28 = M27*(1+1,3%)
M27 = M5*(1-0,8%)^22
VP M05…M27 77,592,698.14
VP M28…M78 96,180,677.17
173,773,375.31
X =
0.70
VP Presupuesto X $ 248,247,679.01
M13
M55 M55 = M13*(1+0,9%)^42
VP M13…M54 31.424117643
VP M55…M108 27.010184121
58.434301764
248,247,679.01
211,010,527.16
Situacion 02
Mes EA 1MV
23.227004% 1.755718%
34.239459% 2.484145%
4,800,000.00
4,074,811.00
4,022,518.26
30%X 173,773,375.31
´= 173,773,375.31
15.00%
EA 1MV
18.581603% 1.430393%
27.391567% 2.037950%
30.00 meses
1.0000000 Y
1.4568974 Y
Y
Y
Y
37,237,151.85 58.4343018 Y
´= 58.4343018 Y
ensuales
es a mes
es para
a obra se
la mitad
Mate Fin
Gradientes Lineales
g (adicional) = N*n*g mes
ccccccccccccccccccccccccccccccccccccccccccccccccccccccc
K+ 2.724373%
K- -1.492513%
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
EVALUACION DE PROYECTOS DE INVERSIÓN
Fases
Estudio del Proyecto Formulacion
Evaluación
Gestion y ejecucion
donde N el factor relat
n es número d
que se incrementan mes a mes en $80.000 y
cada 4 meses equivalentes a 1,5 veces la cuota mensual correspondien
n = 4 meses
5*4*80.000 = $ 480.000.
g 5mes = 1,5*5*
ccccccccccccccccccccccccccccccccccccccc
EA 1MV 3MV
21.091515% 1.607588% 4.900710%
25.976357% 1.943002% 5.942999%
X = 25%X + VPGG(M03..M39)*(1+1,6%)^-2 *
VPGG(M40..M51)*(1+1,6%)^-39 +
VPGG(M52..M90)*(1+1,94%)^-12*(1+1,6%)^-39 +
VPGG(T08..T38)*(1+1,6%)^-5 +
VPGG(T41..T50)*(1+1,94%)^1*(1+1,6%)^-39+
VPGG(T53..T89)*(1+1,94%)^-11*(1+1,6%)^-39+
980,000.00
1,365,209.26
1,499,081.12
%)^11
1,506,614.20
1,639,841.56
1,024,900.98
2,203,993.83
1,377,496.15
2,386,537.15
1,491,585.72
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
NVERSIÓN
ejecucion
N el factor relativo a la cuota mes y
n es número de meses
y
correspondiente.
g mes = $80.000
da, Tecnología
Procesos: Requerimientos (materiales, mo, maq); Gestion Operacional
a Legal
amiento, Presupuestos de Ingresos y egresos
o en el entorno
estion Operacional