AVANCE DE PROYECTO

Semana: 4 Tarea 4.2

Nombre de los estudiantes:

1 Kenia Gabriela Laínez Chávez 52153044
2 Glenda Margoth Lazo Castellanos 52153118
3 Ada Bessy Inestroza Banegas 52153049
4 Victoria Alejandra Hasbun Morales 52153128
5 Francisco Rafael Linares López 52153048

Sede de estudio:
Universidad Virtual

Docente:
Msc. Cinthya Bustillo

Sección:
V-7133

Fecha de entrega:
19 de Junio de 2022
 COOPERATIVA DE AHORRO Y CREDITO
COOPACYL
BALANCE GENERAL
AL 31 DE DICIEMBRE DE 202
2018
ACTIVO:
Activo corriente:
Caja y bancos 21,127,248
Inversiones 21,719,462
Cuentas por cobrar 19,629,799
Prestamos por cobrar 150,661,376
Intereses por cobrar -
Suma del activo corriente 213,137,885
Activo no corriente:
Propiedad planta y equipo 15,130,057
Depreciacion acumulada
Propiedad planta y equipo(neto) 15,130,057
Inversiones
Cuentas por cobrar
Prestamos por cobrar
Activos eventuales 2,172,167
otros activos 12,812,242
Suma activo no corriente 30,114,466
Total activos 243,252,351
PASIVOS Y PATRIMONIO DE LOS SOCIOS
Pasivo Corriente
Exigibilidades inmediatas por pagar 2,237,080
Exigibilidades por deposito por pagar 144,247,265
Prestamos por pagar 15,088,988
Impuestos por pagar
Creditos diferidos por pagar 550,462
Provisiones eventuales por pagar 1,966,277
Suma de pasivos corrientes 164,090,072
Pasivos no corrientes:
Prestamos por pagar
Suma del pasivo no corriente
PATRIMONIO
Aportaciones 56,205,101
Reevaluaciones
donaciones 1,626,632
reserva legal 7,997,653
Reserva patrimonial 12,403,200
Excedente o perdidas acumuladas 40,856
Excedente social del ejercicio 888,838
Total patrimonio 79,162,280.00
Total Pasivo mas Patrimonio 243,252,352
OPERATIVA DE AHORRO Y CREDITO YORO LIMITADA
COOPACYL
BALANCE GENERAL
AL 31 DE DICIEMBRE DE 2021 Y 2020
2019 2020 2021 2022

11,385,309 36,388,963 20,546,827 27,258,416

20,804,853 21,203,651 14,958,326 16,018,358
17,466,626 20,316,196 3,869,703 10,567,854
146,034,876 129,897,765 210,020,492 218,015,982
4,823,797 4,777,671 3,765,432
195,691,664 212,630,372 254,173,019 275,626,042

15,532,636 20,337,593 21,256,654 24,244,255.53

(5,568,730) (6,236,384) (7,042,172.00)
15,532,636 14,768,863 15,020,270 17,202,084
2,351,000 2,785,000 5,000,000
18,135,161 2,090,986
25,588,902 21,182,894 47,050,000
2,071,822 1,544,417 3,781,336 2,735,701
2,672,338 12,295,774 11,784,854 2,062,299
20,276,796 56,548,956 72,689,515 76,141,069
215,968,460 269,179,328 326,862,534 351,767,111

1,947,502 2,007,921 931,657 3,101,837.21

125,285,300 167,406,016 198,659,424 223,657,067.97
14,073,221 9,708,970 2,982,522 5,990,558.64
182,708 459,837
209,627 423,784 295,249 150,534.84
1,629,279 3,534,938 6,101,532 6,884,633.49
143,144,929 183,264,337 209,430,221 239,784,632

2,963,132 16,738,891 12,598,000.00

2,963,132 16,738,891 12,598,000

51,815,229 58,684,191 72,528,799 79,018,204.78

808,700 808,700 808,700
1,626,632 1,626,632 1,626,632 1,626,632
6,517,887 9,334,216 11,381,479 12,441,659.00
12,165,675 11,698,528 12,335,377 12,935,377
-6,213
 704,323 799,592 2,012,405 4,761,996.43
72,823,533 82,951,859.00 100,693,392.00 111,592,569.20
215,968,462 269,179,328 326,862,504 363,975,201
170,291,175 163,501,502 150,213,961 213,890,195
 ESTADO DE RESULTADO COOPERATIVA DE AHORRO Y CREDIT

Ingresos
Productos Financieros

Intereses
Sobre Disponibilidades
Sobre Inversiones
Sobre Cartera de Préstamos

Comisiones
Sobre Cartera Crediticia
Comisiones Varias

Otros Productos
Fluctuaciones de Tipo de Cambio
Otros Ingresos Financieros

Gastos Financieros
Intereses
Comisiones
Otros Gastos

Resultado Financiero

Productos por Servicios

Comisiones
Arrendamientos
Otros ingresos por Servicios

Gastos de Administracion
Directivos
Funcionarios y Empleados
Impuestos y Contribuciones
Honorarios Profesionales
Arrendamiento
Reparaciones, Uso y Mantenimiento
Seguridad y Vigilancia
Mercadeo
Amortización de primas de seguro
Depreciaciones y Amortizaciones
Papelería , Útiles y Suministros
Gastos Diversos

Resultado de Operación

Otros Productos
Venta de Activos Eventuales
Venta de Bienes Muebles e Inmuebles
Donaciones Recibidas
Intereses Cobrados Sobre Operaciones Refinanciadas
Otros Productos

Otros Gastos
Venta de Activos Eventuales
Venta de Bienes Muebles e Inmuebles
Multas e Indemnizaciones
Otros Gastos

Ingresos de Ejercicios Anteriores

Gastos de Ejercicios Anteriores

Excedente o Perdida del Ejercicio

RATIVA DE AHORRO Y CREDITO YORO, LIMITADA (COOPACYL)
2018 2019 2020 2021

L 32,702,048.25 L 38,396,780.74 L 39,253,243.84 L 48,648,049.95

L 32,702,048.25 L 35,266,970.35 L 36,516,889.13 L 42,962,528.95

L 2,514,856.50 L 512,409.49 L 1,360,793.86 L 1,191,340.99
L - L 1,241,961.88 L 1,393,604.59 L 991,979.18
L 30,187,191.75 L 33,512,598.98 L 33,762,490.68 L 40,779,208.78

L - L - L - L -
L - L - L - L -
L - L - L - L -

L - L 3,129,810.39 L 2,736,354.71 L 5,685,521.00

L - L - L - L -
L - L 3,129,810.39 L 2,736,354.71 L 5,685,521.00

L 11,295,747.43 L 11,846,410.16 L 12,447,932.28 L 12,188,192.35

L 11,278,115.73 L 11,728,115.59 L 12,176,005.73 L 11,769,309.35
L - L 118,294.57 L 271,926.55 L 418,883.00
L 17,631.70 L - L - L -

L 21,406,300.82 L 26,550,370.58 L 26,805,311.56 L 36,459,857.60

L 2,587,057.81 L - L - L -
L - L - L - L -
L - L - L - L -
L 2,587,057.81 L - L - L -

L 23,289,035.29 L 25,661,533.02 L 26,005,719.67 L 34,447,452.69

L 1,554,160.22 L 1,329,000.14 L 881,392.77 L 1,403,730.86
L 9,963,925.59 L 11,064,966.96 L 12,387,233.58 L 15,139,258.12
L 153,577.12 L 252,766.38 L 111,382.28 L 803,125.99
L 263,789.18 L 378,355.98 L 375,309.05 L 980,690.91
L 90,443.00 L 90,000.00 L 102,000.00 L 131,500.00
L 696,739.20 L 1,174,779.43 L 1,175,367.25 L 1,595,127.34
L - L - L - L -
L 649,632.41 L 469,621.64 L 557,868.47 L 649,048.11
L 337,209.32 L 346,853.36 L 294,511.99 L 394,977.73
L 6,306,267.29 L 7,304,005.29 L 8,050,740.12 L 10,912,782.50
L 706,999.60 L 722,331.58 L 499,785.02 L 655,088.75
L 2,566,292.36 L 2,528,852.26 L 1,570,129.14 L 1,782,122.38

L 704,323.34 L 888,837.56 L 799,591.89 L 2,012,404.91

L - L - L - L -
L - L - L - L -
L - L - L -
L - L - L - L -
L - L - L - L -
L - L - L - L -

L - L - L - L -
L - L - L - L -
L - L - L - L -
L - L - L - L -
L - L - L - L -

L - L - L - L -
L - L - L - L -

L 704,323.34 L 888,837.56 L 799,591.89 L 2,012,404.91

 Ventas Historicas
Tasa
Crecimiento
Año Ventas Anual
2018 32,702,048.25
2019 38,396,780.74 17.41%
2020 39,253,243.84 2.23%
2021 48,648,049.95 23.93%
14.53% Promedio
 2018 2019 2020 2021
Costo a Ventas
Depreciacion a Planta y Equipo 42% 47% 40% 51%
Efectivo a Ventas 65% 30% 93% 42%
Cuentas por Cobrar a Ventas 60% 45% 52% 8%
Inventario a Ventas 66% 54% 54% 31%
Planta y Equipo Netos a Ventas 46% 40% 52% 44%
Cuentas por Pagar a Ventas 46% 37% 25% 6%
Ventas 32702048.3 38396780.7 39253243.8 48648050
CxC 19629799 17466626 20316196 3869703
Inventario 21719462 20804853 21203651 14958326
PPE Neto 15130057 15532636 20337593 21256654
CxP 15088988 14073221 9708970 2982522
 Estado de Resultado Proyectado
2022
Ventas 48,648,049.95 14.51% 55,706,882.00
Costo de Ventas 75% 41780161.498
UAIIDA 13,926,720.50
Depreciacion
Amortizacion
Depreciacion y Amortizacion 51% 7,102,627.45
Utilidad Antes de Impuestos 6,824,093.04
Impuestos 18% 1,228,336.75
Utilidad Neta 5,595,756.30
 FLUJO DE EFECTIVO LIBRE COOPERATIVA DE AHORRO Y CRED
2018
Capital de Operación neto 49,047,813.00
Planta y Equipo Neto Requerido 15,130,057.00
Total Capital de Operación Neto Requerido 64,177,870.00
Nueva Inversion Neta Requerida en Capital de Operación
Utilidad antes de Impuestos e Intereses 12,153,647.89
Depreciaciones y Amortizaciones 6,306,267.29
Impuestos 153,577.12
Inversión Requerida en Capital de Operación
Flujo de Efectivo Libre 18,306,338.06
A DE AHORRO Y CREDITO YORO, LIMITADA (COOPACYL)
2019 2020 2021
52,546,735.00 29,366,035.00 44,742,798.00
15,532,636.00 14,768,863.00 15,020,270.00
68,079,371.00 44,134,898.00 59,763,068.00
3,901,501.00 (23,944,473.00) 15,628,170.00
12,988,014.10 13,358,906.45 15,003,723.25
7,304,005.29 8,050,740.12 10,912,782.50
252,766.38 111,382.28 803,125.99
3,901,501.00 (23,944,473.00) 15,628,170.00
16,137,752.01 45,242,737.29 9,485,209.76
TPM 3% 8% 0.08
Tasa de inflación 5.32%
Tasa de crecimiento 7.32% 0.0732

Valor de la empresa a partir del periodo N 2,718,665.58

Valor 51,089,603.86
Meses 0 1 2
Credi Emprende -12500000 497000 497000
Pescando Oportunidades -5,000,000 185818 185818
Total -17500000 682818 682818

Ingresos Credi Emprende Individual 994.00 994.00

Costo de Credi Emprende Individual 473.16 483.02
Intereses Individual 520.83 510.98

Ingresos Pescando Individual 3716.36 3716.36

Costo de Pescando Individual 2049.69 2083.85
Intereses Individual 1666.67 1632.51

Ingresos Totales Proyecto 682815.74 682815.74

Costos Totales Proyecto 339,065.74 345,702.59
Intereses Totales Proyecto 343,750.00 337,113.15
Salarios Proyecto 12,250.00 12,250.00
Pauta Comercial Proyecto 2,000.00 2,000.00
Capacitacion Proyecto 8,333.33 8,333.33
Depreciacion Equipo Proyecto 2,665.60 2,665.60
Depreciacion Mobiliario Proyecto 166.67 166.67
Comisiones CE Proyecto 7,454.97 7,454.97
Comisiones Pescando Proyecto 2,787.27 2,787.27
Meses 0 1 2
Utilidad Bruta L343,750.00 L337,113.15
Gastos Operativos L35,657.84 L35,657.84
Utilidad Operativa 308,092.16 301,455.31
Impuesto (18%) 55456.59 54261.96
Utilidad Neta 252,635.57 247,193.36

1 2
Utilidad Bruta L3,656,778.37 L2,465,847.84
Gastos Operativos L427,894.03 L427,894.03
Utilidad Operativa L3,228,884.34 L2,037,953.80
Impuesto (18%) L581,199.18 L366,831.68
Utilidad Neta L2,647,685.16 L1,671,122.12
 3 4 5 6 7 8
497000 497000 497000 497000 497000 497000
185818 185818 185818 185818 185818 185818
682818 682818 682818 682818 682818 682818

994.00 994.00 994.00 994.00 994.00 994.00

493.08 503.36 513.84 524.55 535.48 546.63
500.91 490.64 480.15 469.45 458.52 447.36

3716.36 3716.36 3716.36 3716.36 3716.36 3716.36

2118.58 2153.89 2189.79 2226.29 2263.39 2301.12
1597.77 1562.46 1526.57 1490.07 1452.96 1415.24

682815.74 682815.74 682815.74 682815.74 682815.74 682815.74

352,470.59 359,372.36 366,410.55 373,587.90 380,907.17 388,371.20
330,345.15 323,443.38 316,405.19 309,227.84 301,908.57 294,444.54
12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60
166.67 166.67 166.67 166.67 166.67 166.67
7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97
2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27
3 4 5 6 7 8
L330,345.15 L323,443.38 L316,405.19 L309,227.84 L301,908.57 L294,444.54
L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84
294,687.31 287,785.55 280,747.35 273,570.00 266,250.73 258,786.71
53043.72 51801.40 50534.52 49242.60 47925.13 46581.61
241,643.60 235,984.15 230,212.83 224,327.40 218,325.60 212,205.10

3 Proyecto
L958,740.45 L7,081,366.66 Ingreso por 3 años 24,581,366.66
L427,894.03 L1,283,682.10 Ingreso Annual 8,193,788.89
L530,846.42 L5,797,684.56
L95,552.36 L1,043,583.22 Costos Totales 17,500,000.00
L435,294.06 L4,754,101.34
 9 10 11 12 13 14
497000 497000 497000 497000 497000 497000
185818 185818 185818 185818 185818 185818
682818 682818 682818 682818 682818 682818

994.00 994.00 994.00 994.00 994.00 994.00

558.02 569.64 581.51 593.63 605.99 618.62
435.98 424.35 412.48 400.37 388.00 375.38

3716.36 3716.36 3716.36 3716.36 3716.36 3716.36

2339.47 2378.46 2418.10 2458.40 2499.38 2541.03
1376.89 1337.90 1298.26 1257.96 1216.98 1175.33

682815.74 682815.74 682815.74 682815.74 682815.74 682815.74

395,982.86 403,745.12 411,660.96 419,733.46 427,965.74 436,360.99
286,832.88 279,070.62 271,154.78 263,082.28 254,850.00 246,454.75
12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60
166.67 166.67 166.67 166.67 166.67 166.67
7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97
2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27
9 10 11 12 13 14
L286,832.88 L279,070.62 L271,154.78 L263,082.28 L254,850.00 L246,454.75
L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84
251,175.04 243,412.79 235,496.94 227,424.44 219,192.16 210,796.91
45211.51 43814.30 42389.45 40936.40 39454.59 37943.44
205,963.53 199,598.48 193,107.49 186,488.04 179,737.57 172,853.47
 15 16 17 18 19 20 21
497000 497000 497000 497000 497000 497000 497000
185818 185818 185818 185818 185818 185818 185818
682818 682818 682818 682818 682818 682818 682818

994.00 994.00 994.00 994.00 994.00 994.00 994.00

631.51 644.66 658.09 671.80 685.80 700.09 714.67
362.49 349.33 335.90 322.19 308.20 293.91 279.32

3716.36 3716.36 3716.36 3716.36 3716.36 3716.36 3716.36

2583.38 2626.44 2670.21 2714.72 2759.96 2805.96 2852.73
1132.98 1089.92 1046.15 1001.64 956.40 910.40 863.63

682815.74 682815.74 682815.74 682815.74 682815.74 682815.74 682815.74

444,922.46 453,653.48 462,557.42 471,637.74 480,897.96 490,341.67 499,972.55
237,893.28 229,162.26 220,258.32 211,178.01 201,917.79 192,474.07 182,843.19
12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60
166.67 166.67 166.67 166.67 166.67 166.67 166.67
7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97
2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27
15 16 17 18 19 20 21
L237,893.28 L229,162.26 L220,258.32 L211,178.01 L201,917.79 L192,474.07 L182,843.19
L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84
202,235.44 193,504.43 184,600.49 175,520.17 166,259.95 156,816.23 147,185.36
36402.38 34830.80 33228.09 31593.63 29926.79 28226.92 26493.36
165,833.06 158,673.63 151,372.40 143,926.54 136,333.16 128,589.31 120,691.99
 22 23 24 25 26 27 28
497000 497000 497000 497000 497000 497000 497000
185818 185818 185818 185818 185818 185818 185818
682818 682818 682818 682818 682818 682818 682818

994.00 994.00 994.00 994.00 994.00 994.00 994.00

729.56 744.76 760.28 776.12 792.28 808.79 825.64
264.43 249.24 233.72 217.88 201.71 185.21 168.36

3716.36 3716.36 3716.36 3716.36 3716.36 3716.36 3716.36

2900.27 2948.61 2997.75 3047.72 3098.51 3150.15 3202.66
816.09 767.75 718.60 668.64 617.85 566.20 513.70

682815.74 682815.74 682815.74 682815.74 682815.74 682815.74 682815.74

509,794.32 519,810.82 530,025.91 540,443.59 551,067.89 561,902.95 572,952.98
173,021.42 163,004.93 152,789.83 142,372.15 131,747.85 120,912.79 109,862.77
12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60
166.67 166.67 166.67 166.67 166.67 166.67 166.67
7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97
2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27
22 23 24 25 26 27 28
L173,021.42 L163,004.93 L152,789.83 L142,372.15 L131,747.85 L120,912.79 L109,862.77
L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84
137,363.58 127,347.09 117,131.99 106,714.32 96,090.02 85,254.96 74,204.93
24725.44 22922.48 21083.76 19208.58 17296.20 15345.89 13356.89
112,638.14 104,424.61 96,048.23 87,505.74 78,793.81 69,909.07 60,848.04
 29 30 31 32 33 34 35
497000 497000 497000 497000 497000 497000 497000
185818 185818 185818 185818 185818 185818 185818
682818 682818 682818 682818 682818 682818 682818

994.00 994.00 994.00 994.00 994.00 994.00 994.00

842.84 860.40 878.33 896.62 915.30 934.37 953.84
151.15 133.60 115.67 97.37 78.69 59.62 40.16

3716.36 3716.36 3716.36 3716.36 3716.36 3716.36 3716.36

3256.03 3310.30 3365.47 3421.56 3478.59 3536.57 3595.51
460.32 406.06 350.89 294.79 237.77 179.79 120.85

682815.74 682815.74 682815.74 682815.74 682815.74 682815.74 682815.74

584,222.28 595,715.23 607,436.32 619,390.10 631,581.24 644,014.47 656,694.66
98,593.46 87,100.51 75,379.42 63,425.64 51,234.50 38,801.27 26,121.08
12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00 12,250.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33 8,333.33
2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60 2,665.60
166.67 166.67 166.67 166.67 166.67 166.67 166.67
7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97 7,454.97
2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27 2,787.27
29 30 31 32 33 34 35
L98,593.46 L87,100.51 L75,379.42 L63,425.64 L51,234.50 L38,801.27 L26,121.08
L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84 L35,657.84
62,935.63 51,442.67 39,721.58 27,767.80 15,576.67 3,143.43 -9,536.75
11328.41 9259.68 7149.89 4998.20 2803.80 565.82 -1716.62
51,607.22 42,182.99 32,571.70 22,769.60 12,772.87 2,577.61 -7,820.14
 36
497000
185818
682818 24581448

994.00 17891921.66
973.71
20.29

3716.36 6689445.00
3655.43
60.92

682815.74
669,626.73
13,189.01
12,250.00
2,000.00
8,333.33
2,665.60
166.67
7,454.97
2,787.27
36
L13,189.01
L35,657.84
-22,468.83
-4044.39
-18,424.44
 MONTO 25,000.00
TASA 25.00%
PLAZO 36.00
CUOTA MENS 994.00

No. cuota mensuacapital interes saldo

0 0.00 0.00 0.00 25,000.00

1 994.00 473.16 520.83 24,526.84

2 994.00 483.02 510.98 24,043.82
3 994.00 493.08 500.91 23,550.74
4 994.00 503.36 490.64 23,047.38
5 994.00 513.84 480.15 22,533.54
6 994.00 524.55 469.45 22,008.99
7 994.00 535.48 458.52 21,473.52
8 994.00 546.63 447.36 20,926.89
9 994.00 558.02 435.98 20,368.87
10 994.00 569.64 424.35 19,799.22
11 994.00 581.51 412.48 19,217.71
12 994.00 593.63 400.37 18,624.08
13 994.00 605.99 388.00 18,018.09
14 994.00 618.62 375.38 17,399.47
15 994.00 631.51 362.49 16,767.96
16 994.00 644.66 349.33 16,123.30
17 994.00 658.09 335.90 15,465.21
18 994.00 671.80 322.19 14,793.40
19 994.00 685.80 308.20 14,107.60
20 994.00 700.09 293.91 13,407.52
21 994.00 714.67 279.32 12,692.84
22 994.00 729.56 264.43 11,963.28
23 994.00 744.76 249.24 11,218.52
24 994.00 760.28 233.72 10,458.25
25 994.00 776.12 217.88 9,682.13
26 994.00 792.28 201.71 8,889.85
27 994.00 808.79 185.21 8,081.06
28 994.00 825.64 168.36 7,255.41
29 994.00 842.84 151.15 6,412.57
30 994.00 860.40 133.60 5,552.17
31 994.00 878.33 115.67 4,673.85
32 994.00 896.62 97.37 3,777.22
33 994.00 915.30 78.69 2,861.92
34 994.00 934.37 59.62 1,927.55
35 994.00 953.84 40.16 973.71
36 994.00 973.71 20.29 0.00
10,783.84
 MONTO 100,000.00 1,800,000.00
TASA 20.00%
PLAZO 36.00
CUOTA MENS 3,716.36

No. cuota mensuacapital interes

0 0.00 0.00 0.00

1 3,716.36 2,049.69 1,666.67

2 3,716.36 2,083.85 1,632.51
3 3,716.36 2,118.58 1,597.77
4 3,716.36 2,153.89 1,562.46
5 3,716.36 2,189.79 1,526.57
6 3,716.36 2,226.29 1,490.07
7 3,716.36 2,263.39 1,452.96
8 3,716.36 2,301.12 1,415.24
9 3,716.36 2,339.47 1,376.89
10 3,716.36 2,378.46 1,337.90
11 3,716.36 2,418.10 1,298.26
12 3,716.36 2,458.40 1,257.96
13 3,716.36 2,499.38 1,216.98
14 3,716.36 2,541.03 1,175.33
15 3,716.36 2,583.38 1,132.98
16 3,716.36 2,626.44 1,089.92
17 3,716.36 2,670.21 1,046.15
18 3,716.36 2,714.72 1,001.64
19 3,716.36 2,759.96 956.40
20 3,716.36 2,805.96 910.40
21 3,716.36 2,852.73 863.63
22 3,716.36 2,900.27 816.09
23 3,716.36 2,948.61 767.75
24 3,716.36 2,997.75 718.60
25 3,716.36 3,047.72 668.64
26 3,716.36 3,098.51 617.85
27 3,716.36 3,150.15 566.20
28 3,716.36 3,202.66 513.70
29 3,716.36 3,256.03 460.32
30 3,716.36 3,310.30 406.06
31 3,716.36 3,365.47 350.89
32 3,716.36 3,421.56 294.79
33 3,716.36 3,478.59 237.77
34 3,716.36 3,536.57 179.79
35 3,716.36 3,595.51 120.85
36 3,716.36 3,655.43 60.92
33,788.90
saldo
100,000.00

97,950.31
95,866.46
93,747.87
91,593.98
89,404.19
87,177.90
84,914.50
82,613.39
80,273.92
77,895.46
75,477.36
73,018.96
70,519.58
67,978.55
65,395.16
62,768.73
60,098.51
57,383.80
54,623.83
51,817.87
48,965.15
46,064.87
43,116.26
40,118.51
37,070.79
33,972.28
30,822.13
27,619.47
24,363.44
21,053.14
17,687.66
14,266.10
10,787.51
7,250.94
3,655.43
(0.00)
 RENDIMIENTO ESPERADO
TASA DE RENDIMIENT
ESTADO DE LA ECONOMÍA PROBABILIDAD DE OCURRENCIA PRODUCTO CREDI-
EMPRENDE
Pesimista 25% 7%
Normal 40% 8%
Optimista 35% 11%
100% Rendimiento Esperado r
Min. Probabilidad
Max. Probabilidad

DESVIACIÓN ESTANDAR
INVERSIÓN "A"
ESTADO DE LA ECONOMÍA Desviación Varianza
(ri-r) (ri-r)^2
Pesimista 7.000% 0.4900%
Normal 8.000% 0.6400%
Optimista 11.000% 1.2100%

COEFICIENTE DE VARIACIÓN
DESVEST RENDIMIENTO ESPERADO
PRODUCTO CREDI-EMPRENDE 8.96% 8.80%
PRODUCTO PESCANDO OPOR. 23.43% 11.75%

RESUMEN
REND. ESPERADO MIN. PROBABLE
PRODUCTO CREDI-EMPRENDE 8.80% -0.16%
PRODUCTO PESCANDO OPOR. 11.75% -11.68%
MIENTO ESPERADO
TASA DE RENDIMIENTO EN CADA ESTADO
PRODUCTO PESCANDO
RENDIMIENTO POND. "A" OPORTUNIDADES RENDIMIENTO POND. "B"
1.75% -20% -5.00%
3.20% 13% 5.20%
3.85% 33% 11.55%
8.80% Rendimiento Esperado r 11.75%
-0.16% Min. Probabilidad -11.68%
17.76% Max. Probabilidad 35.18%

DESVIACIÓN ESTANDAR
"A" INVERSIÓN "B"
Varianza Probable Desviación Varianza Varianza Probable
(ri-r)^2*P (ri-r) (ri-r)^2 (ri-r)^2*P
0.1225% -20.00% 4.00% 1.000%
0.2560% 13.00% 1.69% 0.6760%
0.4235% 33.00% 10.89% 3.8115%

Varianza 0.802% Varianza 5.488%

Desviación Estandar "A" 8.96% Desviación Estandar "B" 23.43%

COEFICIENTE DE VARIACIÓN
COEFICIENTE DE VARIACIÓN
1.02
1.99

MAX. PROBABLE DESVEST

17.76% 8.96%
35.18% 23.43%