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Cálculo del WACC para Proyecto de Mango

El solicitante desea establecer una empresa productora de alimentos de mango para abastecer el mercado estadounidense. Destinará sus ahorros de $90 millones para la compra de propiedades, planta, equipo e inventarios. Un banco le prestará $40 millones a una tasa del 1.5% mensual y otro banco le prestará $20 millones a una tasa del 2% mensual. El costo de capital ponderado (WACC) del proyecto debe calcularse considerando un impuesto a la renta del 32% y una amortización
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© © All Rights Reserved
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0% encontró este documento útil (0 votos)
147 vistas28 páginas

Cálculo del WACC para Proyecto de Mango

El solicitante desea establecer una empresa productora de alimentos de mango para abastecer el mercado estadounidense. Destinará sus ahorros de $90 millones para la compra de propiedades, planta, equipo e inventarios. Un banco le prestará $40 millones a una tasa del 1.5% mensual y otro banco le prestará $20 millones a una tasa del 2% mensual. El costo de capital ponderado (WACC) del proyecto debe calcularse considerando un impuesto a la renta del 32% y una amortización
Derechos de autor
© © All Rights Reserved
Nos tomamos en serio los derechos de los contenidos. Si sospechas que se trata de tu contenido, reclámalo aquí.
Formatos disponibles
Descarga como XLSX, PDF, TXT o lee en línea desde Scribd

Usted desea fundar una empresa productora de alimentos a base de mango, esperando proveer al mercado de USA.

Para
- Destinara sus ahorro de 90 millones dolares para la compra de propiedad, planta, equipo e inventarios
-Para cubrir las necesidades en capital de trabajo el Banco "A" le prestara 40 millones, a una tasa de 1.5 % mensual, seguro
150 mil mensual y cuotas iguales
-El Banco "B" le financiará 20 millones, tasa del 2% mensual, seguro mensual por 30 mil y cuotas variables

Si usted paga impuesto de renta del 32%, en su pais de origen, lugar donde implementara la fabrica y toda la financiacion
sera amortizada a 5 años ¿ Cual es el costo de capital del proyecto o WACC?
WACC( Weighted Average Cost of Capital) o CMPC (Costo Medio Ponderado de Capital)
CAPM( Capital Asset Pricing Model) o Retorno Esperado de la inversion(modelo de valoración de activos de capital)
CAPM es Modelo de Valoracion de Activos de Capital, o Costo del Capital

Beta apalancada y no apalancada de USA, buscada en:


http://pages.stern.nyu.edu/~adamodar/

Unlevered Beta o Beta desapalancada;


0.68

Rendimiento de los bonos de tesoro de USA a 5 años:


https://finance.yahoo.com/quote/%5EFVX/history?p=%5EFVX/

Datos de Mercado, S&P 500:


S&P = Standard & Poor's
https://finance.yahoo.com/quote/%5EGSPC/history?period1=1456099200&period2=1613952000&interval=1mo&filter=hi

Union de ambos indicadores: TES 5Y y S&P500

Indicador Dolares
FECHA TES 5Y S&P 500 TES 5Y S&P 500
3/1/2016 1.224 2059.73999 El promedio de TES 5Y es nominal anual de capit
4/1/2016 1.279 2065.300049 1.279% 0.270% a efectiva mensual
5/1/2016 1.359 2096.949951 1.359% 1.532% Promedio
6/1/2016 1.011 2098.860107 1.011% 0.091% TES 5Y 0.823% efectiva semest
7/1/2016 1.033 2173.600098 1.033% 3.561% S&P 500 1.197% Efectiva mensual
8/1/2016 1.18 2170.949951 1.180% -0.122%
9/1/2016 1.156 2168.27002 1.156% -0.123%
10/1/2016 1.313 2126.149902 1.313% -1.943% 2 PASO:
11/1/2016 1.834 2198.810059 1.834% 3.417% Apalancar el Beta, necesitamos saber el capital d
12/1/2016 1.934 2238.830078 1.934% 1.820%
1/1/2017 1.908 2278.870117 1.908% 1.788% Capital o Equity:
2/1/2017 1.88 2363.639893 1.880% 3.720% Deuda o Debt
3/1/2017 1.929 2362.719971 1.929% -0.039% Tc o Impuesto de Renta
4/1/2017 1.816 2384.199951 1.816% 0.909%
5/1/2017 1.748 2411.800049 1.748% 1.158% Beta L o Apalancada
6/1/2017 1.885 2423.409912 1.885% 0.481% 0.988267
7/1/2017 1.832 2470.300049 1.832% 1.935%
8/1/2017 1.707 2471.649902 1.707% 0.055% CAPM: 2.36% MENSUAL
9/1/2017 1.928 2519.360107 1.928% 1.930% CAPM: 32.27% ANUAL
10/1/2017 2.01 2575.26001 2.010% 2.219%
11/1/2017 2.144 2647.580078 2.144% 2.808% Para un negocio poco conocido aumentar 3 % ap
12/1/2017 2.206 2673.610107 2.206% 0.983%
1/1/2018 2.524 2823.810059 2.524% 5.618%
2/1/2018 2.65 2713.830078 2.650% -3.895%
3/1/2018 2.562 2640.870117 2.562% -2.688%
4/1/2018 2.789 2648.050049 2.789% 0.272%
5/1/2018 2.664 2705.27002 2.664% 2.161%
6/1/2018 2.731 2718.370117 2.731% 0.484%
7/1/2018 2.848 2816.290039 2.848% 3.602%
8/1/2018 2.735 2901.52002 2.735% 3.026%
9/1/2018 2.948 2913.97998 2.948% 0.429%
10/1/2018 2.987 2711.73999 2.987% -6.940%
11/1/2018 2.845 2760.169922 2.845% 1.786%
12/1/2018 2.51 2506.850098 2.510% -9.178%
1/1/2019 2.44 2704.100098 2.440% 7.868%
2/1/2019 2.509 2784.48999 2.509% 2.973%
3/1/2019 2.243 2834.399902 2.243% 1.792%
4/1/2019 2.282 2945.830078 2.282% 3.931%
5/1/2019 1.927 2752.060059 1.927% -6.578%
6/1/2019 1.758 2941.76001 1.758% 6.893%
7/1/2019 1.844 2980.379883 1.844% 1.313%
8/1/2019 1.391 2926.459961 1.391% -1.809%
9/1/2019 1.551 2976.73999 1.551% 1.718%
10/1/2019 1.523 3037.560059 1.523% 2.043%
11/1/2019 1.621 3140.97998 1.621% 3.405%
12/1/2019 1.693 3230.780029 1.693% 2.859%
1/1/2020 1.326 3225.52002 1.326% -0.163%
2/1/2020 0.913 2954.219971 0.913% -8.411%
3/1/2020 0.375 2584.590088 0.375% -12.512%
4/1/2020 0.345 2912.429932 0.345% 12.684%
5/1/2020 0.304 3044.310059 0.304% 4.528%
6/1/2020 0.289 3100.290039 0.289% 1.839%
7/1/2020 0.215 3271.120117 0.215% 5.510%
8/1/2020 0.264 3500.310059 0.264% 7.006%
9/1/2020 0.272 3363 0.272% -3.923%
10/1/2020 0.381 3269.959961 0.381% -2.767%
11/1/2020 0.362 3621.629883 0.362% 10.755%
12/1/2020 0.361 3756.070068 0.361% 3.712%
1/1/2021 0.443 3714.23999 0.443% -1.114%
2/1/2021 0.581 3934.830078 0.581% 5.939%
al mercado de USA. Para ello:

a de 1.5 % mensual, seguro por

rica y toda la financiacion

de activos de capital)

00&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true/

es nominal anual de capitalizacion semestral, vamos a convertirlo a efectiva semestral, y de ahí

efectiva semest 1.0013668 Tasa libre de riesgo


Efectiva mensual Rendimiento del Mercado

esitamos saber el capital del proyecto.

90 millones dolares
60 millones dolares de los bancos "A" y "B"
32%
conocido aumentar 3 % aprox
Date updated: 5-Jan-21
Created by: Aswath Damodaran, adamodar@stern.nyu.edu
What is this data? Beta, Unlevered beta and other risk measures US companies
Home Page: http://www.damodaran.com
Data website: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Companies in each indushttp://www.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
Variable definitions: http://www.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm
Do you want to use marginal or effective tax rates in unlevering betas? Marginal
If marginal tax rate, enter the marginal tax rate to use 27.00%

Number of Effective Unlevered Cash/Firm


Industry Name firms Beta D/E Ratio Tax rate beta value
Advertising 61 1.08 77.50% 3.35% 0.69 11.23%
Aerospace/Defense 72 1.07 33.05% 7.37% 0.86 5.93%
Air Transport 17 1.61 161.36% 6.00% 0.74 19.71%
Apparel 51 1.10 39.39% 4.75% 0.85 9.39%
Auto & Truck 19 1.28 38.67% 7.86% 1.00 4.72%
Auto Parts 52 1.20 24.37% 7.35% 1.02 6.59%
Bank (Money Center) 7 0.83 216.19% 16.16% 0.32 46.36%
Banks (Regional) 598 0.64 61.25% 16.42% 0.45 25.74%
Beverage (Alcoholic) 23 0.78 23.41% 5.33% 0.66 1.68%
Beverage (Soft) 41 0.79 21.60% 3.32% 0.68 3.39%
Broadcasting 29 1.13 121.72% 9.26% 0.60 8.50%
Brokerage & Investment 39 1.13 218.88% 9.75% 0.44 24.48%
Building Materials 42 1.09 26.29% 15.15% 0.91 5.89%
Business & Consumer Ser 169 0.93 24.72% 7.43% 0.79 5.41%
Cable TV 13 0.94 51.96% 18.97% 0.68 2.41%
Chemical (Basic) 48 0.99 55.12% 2.98% 0.71 7.00%
Chemical (Diversified) 5 1.36 58.10% 1.25% 0.96 7.64%
Chemical (Specialty) 97 0.93 25.35% 6.43% 0.78 4.44%
Coal & Related Energy 29 0.83 94.63% 0.00% 0.49 12.92%
Computer Services 116 1.12 39.75% 5.55% 0.87 7.89%
Computers/Peripherals 52 1.18 9.36% 3.71% 1.11 2.72%
Construction Supplies 46 1.02 34.78% 10.79% 0.81 6.64%
Diversified 29 1.02 29.74% 6.52% 0.84 5.70%
Drugs (Biotechnology) 547 0.89 15.50% 0.52% 0.80 6.50%
Drugs (Pharmaceutical) 287 0.91 18.18% 1.88% 0.80 4.24%
Education 38 1.15 24.33% 4.02% 0.97 8.97%
Electrical Equipment 122 1.06 15.35% 4.44% 0.95 4.90%
Electronics (Consumer & 22 0.96 9.50% 1.05% 0.89 11.62%
Electronics (General) 157 0.89 13.48% 6.11% 0.81 6.09%
Engineering/Constructio 61 1.06 28.24% 9.31% 0.88 8.35%
Entertainment 118 0.88 15.20% 0.53% 0.79 5.26%
Environmental & Waste S 86 0.95 25.20% 2.69% 0.81 1.92%
Farming/Agriculture 32 0.87 45.05% 6.45% 0.66 4.07%
Financial Svcs. (Non-bank 235 0.80 895.89% 12.91% 0.11 3.11%
Food Processing 101 0.64 33.01% 8.56% 0.68 3.64%
Food Wholesalers 18 1.03 56.02% 0.52% 0.73 8.97%
Furn/Home Furnishings 40 0.88 34.06% 4.79% 0.71 9.25%
Green & Renewable Ener 25 0.98 64.06% 1.74% 0.67 1.44%
Healthcare Products 265 0.83 10.69% 2.57% 0.77 3.45%
Healthcare Support Servi 129 0.85 31.70% 5.65% 0.69 6.49%
Heathcare Information a 139 0.79 12.10% 4.16% 0.73 3.56%
Homebuilding 30 1.46 32.73% 15.91% 1.18 11.39%
Hospitals/Healthcare Facil 32 1.28 99.40% 8.16% 0.74 7.94%
Hotel/Gaming 66 1.56 57.24% 2.02% 1.10 7.25%
Household Products 140 0.73 14.85% 5.06% 0.66 3.68%
Information Services 77 1.01 9.37% 9.75% 0.95 3.01%
Insurance (General) 21 0.68 40.81% 12.61% 0.53 5.92%
Insurance (Life) 26 0.98 119.95% 15.12% 0.52 19.22%
Insurance (Prop/Cas.) 55 0.64 25.06% 10.86% 0.54 5.96%
Investments & Asset Ma 348 0.93 45.22% 4.64% 0.70 11.00%
Machinery 125 1.05 19.65% 8.81% 0.92 4.30%
Metals & Mining 86 0.90 23.86% 1.70% 0.77 6.04%
Office Equipment & Servi 22 1.00 47.82% 13.20% 0.74 11.13%
Oil/Gas (Integrated) 3 1.26 44.09% 8.54% 0.95 3.46%
Oil/Gas (Production and E 278 1.18 72.08% 0.68% 0.78 4.36%
Oil/Gas Distribution 57 1.16 129.69% 4.55% 0.59 1.37%
Oilfield Svcs/Equip. 135 1.21 77.44% 1.19% 0.77 7.61%
Packaging & Container 26 0.92 55.11% 15.67% 0.66 3.68%
Paper/Forest Products 15 1.14 37.52% 5.94% 0.89 6.81%
Power 55 0.67 78.08% 9.91% 0.42 1.47%
Precious Metals 93 0.76 12.69% 1.08% 0.69 7.93%
Publishing & Newspapers 29 1.41 54.00% 5.76% 1.01 8.67%
R.E.I.T. 238 1.21 76.73% 1.26% 0.77 2.69%
Real Estate (Developmen 25 0.85 94.70% 2.84% 0.50 11.06%
Real Estate (General/Dive 11 0.78 29.22% 7.34% 0.64 15.20%
Real Estate (Operations & 61 0.92 40.79% 4.38% 0.71 6.12%
Recreation 69 0.87 24.50% 5.78% 0.74 5.05%
Reinsurance 2 1.16 38.52% 12.57% 0.91 19.61%
Restaurant/Dining 79 1.34 33.70% 3.19% 1.08 2.85%
Retail (Automotive) 30 1.30 49.71% 11.65% 0.95 3.77%
Retail (Building Supply) 15 1.54 18.08% 13.48% 1.36 5.00%
Retail (Distributors) 85 0.97 45.74% 12.21% 0.73 3.52%
Retail (General) 17 0.90 21.34% 12.48% 0.78 4.66%
Retail (Grocery and Food 14 0.24 94.34% 13.52% 0.14 5.82%
Retail (Online) 75 1.16 7.15% 2.93% 1.11 2.75%
Retail (Special Lines) 85 1.28 48.26% 8.06% 0.95 8.57%
Rubber& Tires 3 1.09 174.90% 5.30% 0.48 12.32%
Semiconductor 70 1.00 9.71% 6.41% 0.94 2.71%
Semiconductor Equip 40 1.07 8.03% 7.38% 1.01 5.40%
Shipbuilding & Marine 11 1.04 62.15% 2.30% 0.71 4.31%
Shoe 11 0.98 6.87% 6.63% 0.94 4.30%
Software (Entertainment 101 0.96 2.62% 0.58% 0.94 1.96%
Software (Internet) 36 0.77 8.83% 3.30% 0.73 3.03%
Software (System & Appli 388 0.91 6.55% 2.77% 0.87 2.68%
Steel 32 0.95 50.24% 6.01% 0.70 11.19%
Telecom (Wireless) 16 0.53 54.57% 3.57% 0.38 3.34%
Telecom. Equipment 96 0.87 14.80% 3.85% 0.78 5.72%
Telecom. Services 58 0.66 83.14% 3.93% 0.41 2.77%
Tobacco 15 0.72 30.31% 8.69% 0.59 3.54%
Transportation 21 0.91 31.69% 10.56% 0.74 6.36%
Transportation (Railroads 6 0.84 22.54% 15.58% 0.73 2.12%
Trucking 35 1.11 33.76% 9.70% 0.89 5.71%
Utility (General) 16 0.74 74.69% 9.74% 0.48 1.41%
Utility (Water) 17 0.73 40.46% 10.79% 0.57 1.10%
Total Market 7582 0.94 48.33% 5.76% 0.70 6.97%
Total Market (without fin 6253 0.98 25.10% 4.39% 0.83 4.06%
YouTube Video explaining estimation
Notes choices and process.
if you are looking for a pure-play
beta, i.e., a beta for a business, the
unlevered beta corrected for cash is
your best bet. Since even sector
betas can move over time, I have
also reported the average of the
this sector beta across time in the
last column. This number, for

Unlevered beta corrected for cash - Over time


Standard
deviation
in
Unlevered operating
beta Standard income
corrected deviation (last 10
for cash HiLo Risk of equity years) 2016 2017 2018 2019
0.77 0.7654 57.74% 14.31% 0.74 0.91 0.78 0.87
0.91 0.5940 34.89% 16.42% 1.20 0.94 0.99 1.09
0.91 0.6543 46.15% 48.05% 0.85 0.76 0.67 0.63
0.94 0.6549 47.84% 10.37% 0.88 0.71 0.85 0.76
1.05 0.7160 45.24% 28.30% 0.47 0.38 0.59 0.34
1.09 0.6981 43.16% 29.29% 1.08 0.94 0.92 0.97
0.59 0.3411 21.59% NA 0.47 0.41 0.32 0.43
0.60 0.3305 19.48% NA 0.36 0.36 0.39 0.40
0.67 0.6156 37.01% 43.00% 0.82 0.71 1.12 1.05
0.71 0.7605 49.70% 7.16% 0.99 0.78 0.63 1.04
0.65 0.6275 45.56% 31.02% 0.75 0.70 0.65 0.51
0.57 0.6202 35.90% 50.94% 0.46 0.42 0.54 0.46
0.97 0.5248 33.99% 65.44% 0.98 0.87 0.99 0.91
0.83 0.6474 45.65% 18.32% 0.95 0.85 1.01 1.00
0.70 0.4219 32.02% 31.06% 0.89 0.82 0.67 0.76
0.76 0.6892 48.06% 33.69% 0.81 0.68 0.96 1.12
1.03 0.5312 36.16% 29.88% 1.27 1.22 1.79 1.49
0.82 0.6130 38.54% 12.48% 1.01 0.98 0.95 0.99
0.56 0.7276 42.27% 166.17% 0.39 0.61 1.04 0.97
0.94 0.6799 45.89% 11.40% 1.00 0.83 0.94 1.05
1.14 0.6474 42.87% 16.74% 1.22 0.94 0.93 1.50
0.87 0.5214 33.39% 25.62% 1.18 1.02 0.95 1.15
0.89 0.6070 29.94% 43.94% 0.74 0.63 1.01 1.14
0.85 0.6269 50.10% 37.69% 1.19 1.25 1.36 1.43
0.84 0.6896 55.45% 7.70% 0.94 0.93 1.13 1.38
1.07 0.6972 55.73% 37.21% 0.86 1.05 0.96 1.11
1.00 0.7199 55.12% 14.73% 1.03 1.04 1.02 1.18
1.01 0.6915 54.91% 324.99% 1.16 0.97 1.08 1.22
0.86 0.6441 43.87% 19.57% 0.98 0.83 0.91 0.96
0.95 0.6438 42.04% 12.45% 1.07 1.01 1.13 0.81
0.84 0.7648 68.06% 27.21% 0.98 0.97 0.96 1.21
0.82 0.7096 50.43% 12.03% 0.82 0.63 0.70 0.96
0.68 0.6185 45.30% 17.71% 0.77 0.62 0.56 0.50
0.11 0.4639 27.74% 39.43% 0.06 0.07 0.07 0.08
0.53 0.5418 32.56% 19.79% 0.74 0.63 0.56 0.61
0.80 0.6916 58.03% 21.83% 0.61 0.93 1.41 1.23
0.78 0.6664 40.52% 24.32% 1.00 0.69 0.67 0.67
0.68 0.7946 56.04% 96.52% 0.84 0.47 0.72 0.80
0.80 0.6221 46.19% 17.83% 0.92 0.92 0.89 1.04
0.74 0.6310 44.49% 23.65% 0.89 0.82 0.82 1.03
0.75 0.6296 42.45% 33.87% 0.99 0.83 0.88 1.18
1.33 0.5903 36.56% 71.78% 0.81 0.77 0.89 0.72
0.80 0.6525 49.21% 19.15% 0.44 0.45 0.51 0.55
1.19 0.6532 43.69% 28.72% 0.68 0.67 0.74 0.71
0.68 0.7334 54.66% 4.06% 0.91 0.69 0.88 1.00
0.97 0.5868 42.37% 33.30% 0.92 0.87 0.82 1.05
0.56 0.4707 30.12% 33.64% 0.82 0.71 0.63 0.67
0.64 0.4603 30.68% 13.19% 0.91 0.80 0.81 0.70
0.58 0.3843 22.93% 28.87% 0.75 0.70 0.73 0.65
0.78 0.3589 28.85% 13.93% 0.81 0.68 0.87 0.87
0.96 0.5858 34.28% 19.96% 1.23 0.93 1.04 1.01
0.82 0.7868 67.84% 43.63% 0.87 0.89 0.96 1.11
0.83 0.5707 31.11% 10.27% 1.29 1.09 1.10 1.33
0.98 0.5036 26.39% 73.81% 1.38 0.95 1.25 1.06
0.81 0.7659 56.28% 154.38% 0.95 0.99 1.00 1.07
0.60 0.6544 40.78% 42.75% 0.65 0.69 0.72 0.62
0.83 0.7390 50.27% 40.23% 1.41 1.11 1.06 1.07
0.68 0.4567 29.22% 14.05% 0.91 0.60 0.55 0.74
0.96 0.6176 35.67% 23.13% 0.89 0.83 0.98 1.17
0.43 0.3667 19.86% 8.37% 0.50 0.33 0.32 0.35
0.75 0.7766 67.76% 75.51% 1.03 1.10 0.95 1.15
1.10 0.5486 37.47% 9.42% 1.07 0.96 0.83 0.90
0.79 0.4901 32.40% 28.84% 0.41 0.41 0.42 0.41
0.56 0.6852 60.70% 103.87% 0.93 0.47 0.61 0.87
0.76 0.5515 20.99% 144.66% 1.03 1.09 0.73 1.33
0.75 0.6408 34.72% 31.94% 0.99 0.62 0.80 0.95
0.77 0.7368 56.40% 13.69% 0.75 0.76 0.73 0.81
1.13 0.4135 25.23% 30.07% 0.89 0.65 0.47 0.88
1.11 0.6957 53.63% 9.97% 0.64 0.61 0.70 0.65
0.99 0.6174 42.82% 20.95% 0.76 0.63 0.65 0.76
1.43 0.7107 40.60% 25.54% 1.31 1.12 0.76 0.97
0.75 0.6391 41.97% 27.75% 0.83 0.77 0.87 0.99
0.81 0.5433 38.91% 5.11% 0.92 0.82 0.87 0.75
0.15 0.4890 37.72% 24.45% 0.77 0.46 0.44 0.28
1.14 0.7481 52.87% 53.23% 1.53 1.17 1.12 1.34
1.03 0.6683 49.01% 10.73% 0.81 0.76 0.82 0.80
0.54 0.6340 43.83% 28.86% 1.18 0.89 0.64 0.24
0.96 0.5537 37.26% 31.50% 1.32 1.11 1.16 1.26
1.07 0.5698 35.91% 50.04% 1.22 1.10 0.99 1.39
0.74 0.5540 29.83% 34.03% 0.84 0.85 1.01 0.78
0.98 0.5757 31.50% 21.45% 0.81 0.83 0.86 0.74
0.96 0.7489 62.61% 58.98% 1.46 0.96 0.91 1.27
0.75 0.6398 32.73% 40.41% 1.33 1.12 1.20 1.31
0.89 0.6702 47.97% 17.34% 1.25 0.99 1.02 1.16
0.78 0.5662 39.32% 46.61% 0.86 1.19 1.53 1.29
0.39 0.6234 39.78% 57.80% 0.65 0.58 0.71 0.71
0.83 0.6389 43.11% 17.00% 1.17 0.86 0.96 1.02
0.42 0.6187 43.53% 27.98% 0.57 0.68 0.72 0.74
0.61 0.6541 24.49% 6.19% 1.66 1.13 1.15 1.13
0.79 0.5864 28.68% 22.43% 1.19 0.83 0.80 0.90
0.74 0.5022 16.83% 15.14% 0.93 0.66 0.87 2.08
0.94 0.6120 38.78% 126.49% 1.03 0.76 0.81 0.71
0.48 0.2816 18.44% 8.77% 0.36 0.25 0.20 0.17
0.57 0.4501 35.96% 14.78% 0.33 0.47 0.27 0.32
0.75 0.6017 41.21% 13.11% 0.73 0.65 0.72 0.80
0.86 0.6495 44.77% 13.19% 0.9 0.85 0.90 1.00
d for cash - Over time

Average
2020 (2016-21)
0.93 0.83
1.08 1.03
0.84 0.78
0.83 0.83
0.53 0.56
0.95 0.99
0.56 0.46
0.43 0.42
0.92 0.88
1.09 0.87
0.73 0.67
0.57 0.50
1.02 0.96
0.89 0.92
0.78 0.77
0.99 0.89
1.21 1.34
0.96 0.95
1.05 0.77
0.95 0.95
1.64 1.23
1.10 1.05
1.25 0.94
1.39 1.24
1.29 1.08
1.36 1.07
1.31 1.10
1.25 1.12
1.07 0.93
1.33 1.05
1.20 1.03
1.05 0.83
0.63 0.63
0.10 0.08
0.70 0.63
0.66 0.94
0.82 0.77
0.59 0.68
0.98 0.92
0.95 0.87
1.15 0.96
0.66 0.86
0.63 0.56
0.91 0.82
0.94 0.85
1.03 0.94
0.59 0.66
0.73 0.77
0.59 0.67
0.86 0.81
1.10 1.04
1.09 0.96
1.24 1.15
1.12 1.12
1.08 0.98
0.62 0.65
1.22 1.12
0.68 0.69
1.25 1.01
0.38 0.38
1.33 1.05
0.76 0.94
0.43 0.48
0.89 0.72
1.50 1.07
0.68 0.80
0.75 0.76
0.77 0.80
0.75 0.74
0.87 0.77
1.15 1.12
0.89 0.85
0.95 0.86
0.35 0.41
1.16 1.24
0.69 0.82
0.45 0.66
1.24 1.17
1.25 1.17
1.57 0.97
0.83 0.84
1.29 1.14
1.50 1.20
1.15 1.08
1.29 1.16
0.60 0.61
0.84 0.95
0.67 0.63
1.43 1.18
0.96 0.91
1.89 1.19
1.04 0.88
0.19 0.28
0.57 0.42
0.83 0.75
1.01 0.92
https://finance.yahoo.com/quote/%5EFVX/history?p=%5EFVX/

Date,Open,High,Low,Close,Adj Close,Volume Date Open


2016-03-01,1.224000,1.534000,1.204000,1.224000,1.224000,0 3/1/2016 1.224
2016-04-01,1.213000,1.405000,1.137000,1.279000,1.279000,0 4/1/2016 1.213
2016-05-01,1.275000,1.422000,1.155000,1.359000,1.359000,0 5/1/2016 1.275
2016-06-01,1.357000,1.390000,0.985000,1.011000,1.011000,0 6/1/2016 1.357
2016-07-01,0.972000,1.169000,0.911000,1.033000,1.033000,0 7/1/2016 0.972
2016-08-01,1.056000,1.241000,1.017000,1.180000,1.180000,0 8/1/2016 1.056
2016-09-01,1.204000,1.270000,1.092000,1.156000,1.156000,0 9/1/2016 1.204
2016-10-01,1.159000,1.368000,1.157000,1.313000,1.313000,0 10/1/2016 1.159
2016-11-01,1.323000,1.882000,1.229000,1.834000,1.834000,0 11/1/2016 1.323
2016-12-01,1.872000,2.119000,1.796000,1.934000,1.934000,0 12/1/2016 1.872
2017-01-01,1.990000,2.017000,1.804000,1.908000,1.908000,0 1/1/2017 1.99
2017-02-01,1.949000,2.020000,1.794000,1.880000,1.880000,0 2/1/2017 1.949
2017-03-01,1.982000,2.138000,1.885000,1.929000,1.929000,0 3/1/2017 1.982
2017-04-01,1.906000,1.926000,1.706000,1.816000,1.816000,0 4/1/2017 1.906
2017-05-01,1.826000,1.951000,1.724000,1.748000,1.748000,0 5/1/2017 1.826
2017-06-01,1.778000,1.885000,1.673000,1.885000,1.885000,0 6/1/2017 1.778
2017-07-01,1.894000,1.968000,1.795000,1.832000,1.832000,0 7/1/2017 1.894
2017-08-01,1.847000,1.857000,1.672000,1.707000,1.707000,0 8/1/2017 1.847
2017-09-01,1.709000,1.939000,1.618000,1.928000,1.928000,0 9/1/2017 1.709
2017-10-01,1.939000,2.089000,1.898000,2.010000,2.010000,0 10/1/2017 1.939
2017-11-01,2.033000,2.156000,1.975000,2.144000,2.144000,0 11/1/2017 2.033
2017-12-01,2.124000,2.261000,2.068000,2.206000,2.206000,0 12/1/2017 2.124
2018-01-01,2.228000,2.551000,2.223000,2.524000,2.524000,0 1/1/2018 2.228
2018-02-01,2.544000,2.682000,2.461000,2.650000,2.650000,0 2/1/2018 2.544
2018-03-01,2.612000,2.734000,2.550000,2.562000,2.562000,0 3/1/2018 2.612
2018-04-01,2.587000,2.852000,2.535000,2.789000,2.789000,0 4/1/2018 2.587
2018-05-01,2.812000,2.941000,2.571000,2.664000,2.664000,0 5/1/2018 2.812
2018-06-01,2.738000,2.869000,2.695000,2.731000,2.731000,0 6/1/2018 2.738
2018-07-01,2.709000,2.867000,2.706000,2.848000,2.848000,0 7/1/2018 2.709
2018-08-01,2.872000,2.887000,2.692000,2.735000,2.735000,0 8/1/2018 2.872
2018-09-01,2.743000,2.990000,2.740000,2.948000,2.948000,0 9/1/2018 2.743
2018-10-01,2.972000,3.092000,2.885000,2.987000,2.987000,0 10/1/2018 2.972
2018-11-01,2.990000,3.095000,2.823000,2.845000,2.845000,0 11/1/2018 2.99
2018-12-01,2.875000,2.875000,2.500000,2.510000,2.510000,0 12/1/2018 2.875
2019-01-01,2.489000,2.635000,2.368000,2.440000,2.440000,0 1/1/2019 2.489
2019-02-01,2.441000,2.545000,2.429000,2.509000,2.509000,0 2/1/2019 2.441
2019-03-01,2.538000,2.563000,2.133000,2.243000,2.243000,0 3/1/2019 2.538
2019-04-01,2.270000,2.428000,2.246000,2.282000,2.282000,0 4/1/2019 2.27
2019-05-01,2.285000,2.384000,1.923000,1.927000,1.927000,0 5/1/2019 2.285
2019-06-01,1.888000,1.940000,1.709000,1.758000,1.758000,0 6/1/2019 1.888
2019-07-01,1.783000,1.909000,1.725000,1.844000,1.844000,0 7/1/2019 1.783
2019-08-01,1.847000,1.847000,1.355000,1.391000,1.391000,0 8/1/2019 1.847
2019-09-01,1.377000,1.752000,1.308000,1.551000,1.551000,0 9/1/2019 1.377
2019-10-01,1.596000,1.683000,1.321000,1.523000,1.523000,0 10/1/2019 1.596
2019-11-01,1.505000,1.782000,1.498000,1.621000,1.621000,0 11/1/2019 1.505
2019-12-01,1.664000,1.771000,1.518000,1.693000,1.693000,0 12/1/2019 1.664
2020-01-01,1.683000,1.691000,1.325000,1.326000,1.326000,0 1/1/2020 1.683
2020-02-01,1.367000,1.483000,0.909000,0.913000,0.913000,0 2/1/2020 1.367
2020-03-01,0.838000,0.915000,0.318000,0.375000,0.375000,0 3/1/2020 0.838
2020-04-01,0.355000,0.519000,0.301000,0.345000,0.345000,0 4/1/2020 0.355
2020-05-01,0.340000,0.404000,0.272000,0.304000,0.304000,0 5/1/2020 0.34
2020-06-01,0.310000,0.506000,0.266000,0.289000,0.289000,0 6/1/2020 0.31
2020-07-01,0.296000,0.331000,0.214000,0.215000,0.215000,0 7/1/2020 0.296
2020-08-01,0.219000,0.322000,0.192000,0.264000,0.264000,0 8/1/2020 0.219
2020-09-01,0.269000,0.304000,0.226000,0.272000,0.272000,0 9/1/2020 0.269
2020-10-01,0.285000,0.388000,0.256000,0.381000,0.381000,0 10/1/2020 0.285
2020-11-01,0.372000,0.465000,0.318000,0.362000,0.362000,0 11/1/2020 0.372
2020-12-01,0.369000,0.435000,0.349000,0.361000,0.361000,0 12/1/2020 0.369
2021-01-01,0.367000,0.533000,0.351000,0.443000,0.443000,0 1/1/2021 0.367
2021-02-01,0.427000,0.596000,0.413000,0.581000,0.581000,0 2/1/2021 0.427
TES 5Y
Precio de cierre
ajustado
High Low Close Adj Close Volume
1.534 1.204 1.224 1.224 0
1.405 1.137 1.279 1.279 0
1.422 1.155 1.359 1.359 0
1.39 0.985 1.011 1.011 0
1.169 0.911 1.033 1.033 0
1.241 1.017 1.18 1.18 0
1.27 1.092 1.156 1.156 0
1.368 1.157 1.313 1.313 0
1.882 1.229 1.834 1.834 0
2.119 1.796 1.934 1.934 0
2.017 1.804 1.908 1.908 0
2.02 1.794 1.88 1.88 0
2.138 1.885 1.929 1.929 0
1.926 1.706 1.816 1.816 0
1.951 1.724 1.748 1.748 0
1.885 1.673 1.885 1.885 0
1.968 1.795 1.832 1.832 0
1.857 1.672 1.707 1.707 0
1.939 1.618 1.928 1.928 0
2.089 1.898 2.01 2.01 0
2.156 1.975 2.144 2.144 0
2.261 2.068 2.206 2.206 0
2.551 2.223 2.524 2.524 0
2.682 2.461 2.65 2.65 0
2.734 2.55 2.562 2.562 0
2.852 2.535 2.789 2.789 0
2.941 2.571 2.664 2.664 0
2.869 2.695 2.731 2.731 0
2.867 2.706 2.848 2.848 0
2.887 2.692 2.735 2.735 0
2.99 2.74 2.948 2.948 0
3.092 2.885 2.987 2.987 0
3.095 2.823 2.845 2.845 0
2.875 2.5 2.51 2.51 0
2.635 2.368 2.44 2.44 0
2.545 2.429 2.509 2.509 0
2.563 2.133 2.243 2.243 0
2.428 2.246 2.282 2.282 0
2.384 1.923 1.927 1.927 0
1.94 1.709 1.758 1.758 0
1.909 1.725 1.844 1.844 0
1.847 1.355 1.391 1.391 0
1.752 1.308 1.551 1.551 0
1.683 1.321 1.523 1.523 0
1.782 1.498 1.621 1.621 0
1.771 1.518 1.693 1.693 0
1.691 1.325 1.326 1.326 0
1.483 0.909 0.913 0.913 0
0.915 0.318 0.375 0.375 0
0.519 0.301 0.345 0.345 0
0.404 0.272 0.304 0.304 0
0.506 0.266 0.289 0.289 0
0.331 0.214 0.215 0.215 0
0.322 0.192 0.264 0.264 0
0.304 0.226 0.272 0.272 0
0.388 0.256 0.381 0.381 0
0.465 0.318 0.362 0.362 0
0.435 0.349 0.361 0.361 0
0.533 0.351 0.443 0.443 0
0.596 0.413 0.581 0.581 0
DATOS DE MERCADO

https://finance.yahoo.com/quote/%5EGSPC/history?period1=1456099200&period2=1613952000&interval=1mo&filter=histor

Date,Open,High,Low,Close,Adj Close,Volume
2016-03-01,1937.089966,2072.209961,1937.089966,2059.739990,2059.739990,92639420000
2016-04-01,2056.620117,2111.050049,2033.800049,2065.300049,2065.300049,81124990000
2016-05-01,2067.169922,2103.479980,2025.910034,2096.949951,2096.949951,78883600000
2016-06-01,2093.939941,2120.550049,1991.680054,2098.860107,2098.860107,86852700000
2016-07-01,2099.340088,2177.090088,2074.020020,2173.600098,2173.600098,69530250000
2016-08-01,2173.149902,2193.810059,2147.580078,2170.949951,2170.949951,75610310000
2016-09-01,2171.330078,2187.870117,2119.120117,2168.270020,2168.270020,77270240000
2016-10-01,2164.330078,2169.600098,2114.719971,2126.149902,2126.149902,73196630000
2016-11-01,2128.679932,2214.100098,2083.790039,2198.810059,2198.810059,88299760000
2016-12-01,2200.169922,2277.530029,2187.439941,2238.830078,2238.830078,75251240000
2017-01-01,2251.570068,2300.989990,2245.129883,2278.870117,2278.870117,70483180000
2017-02-01,2285.590088,2371.540039,2271.649902,2363.639893,2363.639893,69162420000
2017-03-01,2380.129883,2400.979980,2322.250000,2362.719971,2362.719971,81547770000
2017-04-01,2362.340088,2398.159912,2328.949951,2384.199951,2384.199951,65265670000
2017-05-01,2388.500000,2418.709961,2352.719971,2411.800049,2411.800049,79607170000
2017-06-01,2415.649902,2453.820068,2405.699951,2423.409912,2423.409912,81002490000
2017-07-01,2431.389893,2484.040039,2407.699951,2470.300049,2470.300049,63169400000
2017-08-01,2477.100098,2490.870117,2417.350098,2471.649902,2471.649902,70616030000
2017-09-01,2474.419922,2519.439941,2446.550049,2519.360107,2519.360107,66337980000
2017-10-01,2521.199951,2582.979980,2520.399902,2575.260010,2575.260010,70871570000
2017-11-01,2583.209961,2657.739990,2557.449951,2647.580078,2647.580078,73173260000
2017-12-01,2645.100098,2694.969971,2605.520020,2673.610107,2673.610107,65251190000
2018-01-01,2683.729980,2872.870117,2682.360107,2823.810059,2823.810059,76860120000
2018-02-01,2816.449951,2835.959961,2532.689941,2713.830078,2713.830078,79579410000
2018-03-01,2715.219971,2801.899902,2585.889893,2640.870117,2640.870117,76369800000
2018-04-01,2633.449951,2717.489990,2553.800049,2648.050049,2648.050049,69648590000
2018-05-01,2642.959961,2742.239990,2594.620117,2705.270020,2705.270020,75617280000
2018-06-01,2718.699951,2791.469971,2691.989990,2718.370117,2718.370117,77439710000
2018-07-01,2704.949951,2848.030029,2698.949951,2816.290039,2816.290039,64542170000
2018-08-01,2821.169922,2916.500000,2796.340088,2901.520020,2901.520020,69238220000
2018-09-01,2896.959961,2940.909912,2864.120117,2913.979980,2913.979980,62492080000
2018-10-01,2926.290039,2939.860107,2603.540039,2711.739990,2711.739990,91327930000
2018-11-01,2717.580078,2815.149902,2631.090088,2760.169922,2760.169922,80080110000
2018-12-01,2790.500000,2800.179932,2346.580078,2506.850098,2506.850098,83522570000
2019-01-01,2476.959961,2708.949951,2443.959961,2704.100098,2704.100098,80401630000
2019-02-01,2702.320068,2813.489990,2681.830078,2784.489990,2784.489990,70183430000
2019-03-01,2798.219971,2860.310059,2722.270020,2834.399902,2834.399902,78596280000
2019-04-01,2848.629883,2949.520020,2848.629883,2945.830078,2945.830078,69604840000
2019-05-01,2952.330078,2954.129883,2750.520020,2752.060059,2752.060059,76860120000
2019-06-01,2751.530029,2964.149902,2728.810059,2941.760010,2941.760010,70904280000
2019-07-01,2971.409912,3027.979980,2952.219971,2980.379883,2980.379883,70349470000
2019-08-01,2980.320068,3013.590088,2822.120117,2926.459961,2926.459961,79599440000
2019-09-01,2909.010010,3021.989990,2891.850098,2976.739990,2976.739990,73992330000
2019-10-01,2983.689941,3050.100098,2855.939941,3037.560059,3037.560059,77564550000
2019-11-01,3050.719971,3154.260010,3050.719971,3140.979980,3140.979980,72179920000
2019-12-01,3143.850098,3247.929932,3070.330078,3230.780029,3230.780029,72054000000
2020-01-01,3244.669922,3337.770020,3214.639893,3225.520020,3225.520020,77104420000
2020-02-01,3235.659912,3393.520020,2855.840088,2954.219971,2954.219971,84292270000
2020-03-01,2974.280029,3136.719971,2191.860107,2584.590088,2584.590088,161801100000
2020-04-01,2498.080078,2954.860107,2447.489990,2912.429932,2912.429932,123163450000
2020-05-01,2869.090088,3068.669922,2766.639893,3044.310059,3044.310059,106799100000
2020-06-01,3038.780029,3233.129883,2965.659912,3100.290039,3100.290039,131044000000
2020-07-01,3105.919922,3279.989990,3101.169922,3271.120117,3271.120117,97197020000
2020-08-01,3288.260010,3514.770020,3284.530029,3500.310059,3500.310059,84402300000
2020-09-01,3507.439941,3588.110107,3209.449951,3363.000000,3363.000000,92084120000
2020-10-01,3385.870117,3549.850098,3233.939941,3269.959961,3269.959961,89737600000
2020-11-01,3296.199951,3645.989990,3279.739990,3621.629883,3621.629883,100977880000
2020-12-01,3645.870117,3760.199951,3633.399902,3756.070068,3756.070068,96056410000
2021-01-01,3764.610107,3870.899902,3662.709961,3714.239990,3714.239990,105548790000
2021-02-01,3731.169922,3937.229980,3725.620117,3934.830078,3934.830078,48124750000
2021-02-19,3921.159912,3930.409912,3903.070068,3906.709961,3906.709961,2302434831
000&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true/
S&P 500
Precio de cierre
ajustado
Date Open High Low Close Adj Close Volume
3/1/2016 1937.08997 2072.20996 1937.08997 2059.73999 2059.73999 92639420000
4/1/2016 2056.62012 2111.05005 2033.80005 2065.30005 2065.300049 81124990000
5/1/2016 2067.16992 2103.47998 2025.91003 2096.94995 2096.949951 78883600000
6/1/2016 2093.93994 2120.55005 1991.68005 2098.86011 2098.860107 86852700000
7/1/2016 2099.34009 2177.09009 2074.02002 2173.6001 2173.600098 69530250000
8/1/2016 2173.1499 2193.81006 2147.58008 2170.94995 2170.949951 75610310000
9/1/2016 2171.33008 2187.87012 2119.12012 2168.27002 2168.27002 77270240000
10/1/2016 2164.33008 2169.6001 2114.71997 2126.1499 2126.149902 73196630000
11/1/2016 2128.67993 2214.1001 2083.79004 2198.81006 2198.810059 88299760000
12/1/2016 2200.16992 2277.53003 2187.43994 2238.83008 2238.830078 75251240000
1/1/2017 2251.57007 2300.98999 2245.12988 2278.87012 2278.870117 70483180000
2/1/2017 2285.59009 2371.54004 2271.6499 2363.63989 2363.639893 69162420000
3/1/2017 2380.12988 2400.97998 2322.25 2362.71997 2362.719971 81547770000
4/1/2017 2362.34009 2398.15991 2328.94995 2384.19995 2384.199951 65265670000
5/1/2017 2388.5 2418.70996 2352.71997 2411.80005 2411.800049 79607170000
6/1/2017 2415.6499 2453.82007 2405.69995 2423.40991 2423.409912 81002490000
7/1/2017 2431.38989 2484.04004 2407.69995 2470.30005 2470.300049 63169400000
8/1/2017 2477.1001 2490.87012 2417.3501 2471.6499 2471.649902 70616030000
9/1/2017 2474.41992 2519.43994 2446.55005 2519.36011 2519.360107 66337980000
10/1/2017 2521.19995 2582.97998 2520.3999 2575.26001 2575.26001 70871570000
11/1/2017 2583.20996 2657.73999 2557.44995 2647.58008 2647.580078 73173260000
12/1/2017 2645.1001 2694.96997 2605.52002 2673.61011 2673.610107 65251190000
1/1/2018 2683.72998 2872.87012 2682.36011 2823.81006 2823.810059 76860120000
2/1/2018 2816.44995 2835.95996 2532.68994 2713.83008 2713.830078 79579410000
3/1/2018 2715.21997 2801.8999 2585.88989 2640.87012 2640.870117 76369800000
4/1/2018 2633.44995 2717.48999 2553.80005 2648.05005 2648.050049 69648590000
5/1/2018 2642.95996 2742.23999 2594.62012 2705.27002 2705.27002 75617280000
6/1/2018 2718.69995 2791.46997 2691.98999 2718.37012 2718.370117 77439710000
7/1/2018 2704.94995 2848.03003 2698.94995 2816.29004 2816.290039 64542170000
8/1/2018 2821.16992 2916.5 2796.34009 2901.52002 2901.52002 69238220000
9/1/2018 2896.95996 2940.90991 2864.12012 2913.97998 2913.97998 62492080000
10/1/2018 2926.29004 2939.86011 2603.54004 2711.73999 2711.73999 91327930000
11/1/2018 2717.58008 2815.1499 2631.09009 2760.16992 2760.169922 80080110000
12/1/2018 2790.5 2800.17993 2346.58008 2506.8501 2506.850098 83522570000
1/1/2019 2476.95996 2708.94995 2443.95996 2704.1001 2704.100098 80401630000
2/1/2019 2702.32007 2813.48999 2681.83008 2784.48999 2784.48999 70183430000
3/1/2019 2798.21997 2860.31006 2722.27002 2834.3999 2834.399902 78596280000
4/1/2019 2848.62988 2949.52002 2848.62988 2945.83008 2945.830078 69604840000
5/1/2019 2952.33008 2954.12988 2750.52002 2752.06006 2752.060059 76860120000
6/1/2019 2751.53003 2964.1499 2728.81006 2941.76001 2941.76001 70904280000
7/1/2019 2971.40991 3027.97998 2952.21997 2980.37988 2980.379883 70349470000
8/1/2019 2980.32007 3013.59009 2822.12012 2926.45996 2926.459961 79599440000
9/1/2019 2909.01001 3021.98999 2891.8501 2976.73999 2976.73999 73992330000
10/1/2019 2983.68994 3050.1001 2855.93994 3037.56006 3037.560059 77564550000
11/1/2019 3050.71997 3154.26001 3050.71997 3140.97998 3140.97998 72179920000
12/1/2019 3143.8501 3247.92993 3070.33008 3230.78003 3230.780029 72054000000
1/1/2020 3244.66992 3337.77002 3214.63989 3225.52002 3225.52002 77104420000
2/1/2020 3235.65991 3393.52002 2855.84009 2954.21997 2954.219971 84292270000
3/1/2020 2974.28003 3136.71997 2191.86011 2584.59009 2584.590088161801100000
4/1/2020 2498.08008 2954.86011 2447.48999 2912.42993 2912.429932123163450000
5/1/2020 2869.09009 3068.66992 2766.63989 3044.31006 3044.310059106799100000
6/1/2020 3038.78003 3233.12988 2965.65991 3100.29004 3100.290039131044000000
7/1/2020 3105.91992 3279.98999 3101.16992 3271.12012 3271.120117 97197020000
8/1/2020 3288.26001 3514.77002 3284.53003 3500.31006 3500.310059 84402300000
9/1/2020 3507.43994 3588.11011 3209.44995 3363 3363 92084120000
10/1/2020 3385.87012 3549.8501 3233.93994 3269.95996 3269.959961 89737600000
11/1/2020 3296.19995 3645.98999 3279.73999 3621.62988 3621.629883100977880000
12/1/2020 3645.87012 3760.19995 3633.3999 3756.07007 3756.070068 96056410000
1/1/2021 3764.61011 3870.8999 3662.70996 3714.23999 3714.23999105548790000
2/1/2021 3731.16992 3937.22998 3725.62012 3934.83008 3934.830078 48124750000
2/19/2021 3921.15991 3930.40991 3903.07007 3906.70996 3906.709961 2302434831
Montos a pagar

Banco A:
MONTO 40000000
INTERES 1.5% MENSUAL
SEGURO 150000
CUOTAS IGUALES
n°MESES 60

PAGO S/ 1,165,737.10 mensual #NAME?


interes 2.05% mensual
interes 27.6% anual

Banco B:
Por ser pagos desiguales, hacemos el cuadro de amortizacion

MONTO 20000000
INTERES 2.1% MENSUAL
INTERES 27.6% ANUAL
SEGURO 30000 MENSUAL
CUOTAS VARIABLES
n°MESES 60

interes 2.30% MENSUAL


interes 31.32% ANUAL

INTERES INTERES PONDERADO Costo Deuda Costo Deuda


ACREEDOR MONTO MENSUAL ANUAL DEUDA Mensual Anual
BANCO A 40000000 2.05% 27.6% 66.7% 1.4% 18.4%
BANCO B 20000000 2.3% 31.32% 33.3% 0.8% 10.4%
60000000 2.1% 28.9%
Rendim Rendim
Mensual Anual

W
Equity o Capital 90000000 60%
Deuda o Debt 60000000 40%
Tc o Tasa de Impues 32%
Retorno Esperado Mensual 2.4% WACC 2.00% Mensual
Retorno Esperado Anual 32.3% WACC 27.21% Anual
Costo Deuda Mensual 2.1%
Costo Deuda Anual 28.9% WACC es la rentabilidad minima que tiene
que tener el proyecto
Metodo Aleman de Credito

N° Cuota Interes SobreCosto Abono Saldo Flujos de Caja


0 20000000 20000000
1 774133.333 410800 30000 333333.333 19666666.7 -774133
2 767286.667 403953.334 30000 333333.333 19333333.4 -767287
3 760440.001 397106.668 30000 333333.333 19000000.1 -760440
4 753593.335 390260.002 30000 333333.333 18666666.8 -753593
5 746746.669 383413.336 30000 333333.333 18333333.5 -746747
6 739900.003 376566.67 30000 333333.333 18000000.2 -739900
7 733053.337 369720.004 30000 333333.333 17666666.9 -733053
8 726206.671 362873.338 30000 333333.333 17333333.6 -726207
9 719360.005 356026.672 30000 333333.333 17000000.3 -719360
10 712513.339 349180.006 30000 333333.333 16666667 -712513
11 705666.674 342333.34 30000 333333.333 16333333.7 -705667
12 698820.008 335486.674 30000 333333.333 16000000.4 -698820
13 691973.342 328640.008 30000 333333.333 15666667.1 -691973
14 685126.676 321793.342 30000 333333.333 15333333.8 -685127
15 678280.01 314946.676 30000 333333.333 15000000.5 -678280
16 671433.344 308100.01 30000 333333.333 14666667.2 -671433
17 664586.678 301253.344 30000 333333.333 14333333.9 -664587
18 657740.012 294406.678 30000 333333.333 14000000.6 -657740
19 650893.346 287560.012 30000 333333.333 13666667.3 -650893
20 644046.68 280713.346 30000 333333.333 13333334 -644047
21 637200.014 273866.68 30000 333333.333 13000000.7 -637200
22 630353.348 267020.014 30000 333333.333 12666667.4 -630353
23 623506.682 260173.348 30000 333333.333 12333334.1 -623507
24 616660.016 253326.682 30000 333333.333 12000000.8 -616660
25 609813.35 246480.016 30000 333333.333 11666667.5 -609813
26 602966.684 239633.35 30000 333333.333 11333334.2 -602967
27 596120.018 232786.684 30000 333333.333 11000000.9 -596120
28 589273.352 225940.018 30000 333333.333 10666667.6 -589273
29 582426.686 219093.353 30000 333333.333 10333334.3 -582427
30 575580.02 212246.687 30000 333333.333 10000001 -575580
31 568733.354 205400.021 30000 333333.333 9666667.7 -568733
32 561886.688 198553.355 30000 333333.333 9333334.4 -561887
33 555040.022 191706.689 30000 333333.333 9000001.1 -555040
34 548193.356 184860.023 30000 333333.333 8666667.8 -548193
35 541346.69 178013.357 30000 333333.333 8333334.5 -541347
36 534500.024 171166.691 30000 333333.333 8000001.2 -534500
37 527653.358 164320.025 30000 333333.333 7666667.9 -527653
38 520806.692 157473.359 30000 333333.333 7333334.6 -520807
39 513960.026 150626.693 30000 333333.333 7000001.3 -513960
40 507113.36 143780.027 30000 333333.333 6666668 -507113
41 500266.694 136933.361 30000 333333.333 6333334.7 -500267
42 493420.028 130086.695 30000 333333.333 6000001.4 -493420
43 486573.362 123240.029 30000 333333.333 5666668.1 -486573
44 479726.696 116393.363 30000 333333.333 5333334.8 -479727
45 472880.03 109546.697 30000 333333.333 5000001.5 -472880
46 466033.364 102700.031 30000 333333.333 4666668.2 -466033
47 459186.698 95853.3648 30000 333333.333 4333334.9 -459187
48 452340.032 89006.6988 30000 333333.333 4000001.6 -452340
49 445493.366 82160.0329 30000 333333.333 3666668.3 -445493
50 438646.7 75313.3669 30000 333333.333 3333335 -438647
51 431800.034 68466.7009 30000 333333.333 3000001.7 -431800
52 424953.368 61620.0349 30000 333333.333 2666668.4 -424953
53 418106.702 54773.3689 30000 333333.333 2333335.1 -418107
54 411260.036 47926.703 30000 333333.333 2000001.8 -411260
55 404413.37 41080.037 30000 333333.333 1666668.5 -404413
56 397566.704 34233.371 30000 333333.333 1333335.2 -397567
57 390720.038 27386.705 30000 333333.333 1000001.9 -390720
58 383873.372 20540.039 30000 333333.333 666668.6 -383873
59 377026.706 13693.373 30000 333333.333 333335.3 -377027
60 370180.04 6846.70706 30000 333333.333 2 -370180
ujos de Caja

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