BANCO A FINANCIAR

Comprar nueva maquina

Inversión 525000
Tiempo vida útil 12 años

Banco de Comercio ofrece una tasa de interés del 12% capitalizable mensual, CAJA MUNICIPA
trimestralmente y el SCOTIA BANK 12.3 % capitalizable semestral, deberán determinar con que ban

CRITERIO: MENOR VF Y MENOR INTERÉS

MAQUINA NUEVA
Banco Comercio Caja Municipal
DATOS DATOS
VP= 525000 VP=
TIEMPO 12 AÑOS n=6 n= 6 TIEMPO 12 AÑOS
TAS 12% CAP MENSUAL iequiva i=0.12682503 TAS 12.2% CAP TRI
VF=VP*(1+i)^n = 1074727.14 VF=VP*(1+i)^n =
I= 549727.139 I=

VF menor=

Interés menor=

MAQUINA USADA
Banco Comercio Caja Municipal
DATOS DATOS
VP= 355000 VP=
TIEMPO 8 AÑOS n=4 n4 TIEMPO 8 AÑOS
TAS 12% CAP MENSUAL iequiva i=0.12682503 TAS 12.2% CAP TRI
VF=VP*(1+i)^n = 572340.258 VF=VP*(1+i)^n=
I= 217340.258 I=

VF menor=

Interés menor=

OVER HOLD
 Banco Comercio Caja Municipal
DATOS DATOS
VP= 140000 VP=
TIEMPO 6 AÑOS n=3 n3 TIEMPO 6 AÑOS
TAS 12% CAP MENSUAL iequiva i=0.12682503 TAS 12.2% CAP TRI
VF=VP*(1+i)^n = 200307.63 VF=VP*(1+i)^n =
I= 60307.6297 I=

VF menor=

Interés menor=
 Realizar un OVER HOLD
mprar nueva maquina Comprar una maquina usada
completo
nversión 525000 Inversión 355000 Inversión 140000
empo vida útil 12 años 8 años 6 años

lizable mensual, CAJA MUNICIPAL una tasa de interés del 12.2 % capitalizable
deberán determinar con que banco se debe financiar (probarlo matemáticamente).

MAQUINA NUEVA
Caja Municipal Scotiabank
DATOS
525000 VP= 525000
n=6 n= 6 TIEMPO 12 AÑOS n=6 6
i equival i= 0.12769586 TAS 12.3% CAP SEM i anual 0.12678225
1079720.15948237 VF=VP*(1+i)^n = 1074482.35
554720.159482374 I= 549482.349

1074482.34873514

549482.348735143 SCOTIABANK

MAQUINA USADA
Caja Municipal Scotiabank
DATOS
355000 VP= 355000
n=4 n= 4 TIEMPO 8 AÑOS n=4 n4
i equival i= 0.12769586 TAS 12.3% CAP SEM i anual 0.12678225
574111.558974489 VF=VP*(1+i)^n = 572253.346
219111.558974489 I= 217253.346

572253.346488947

217253.346488946 SCOTIABANK

OVER HOLD
Caja Municipal Scotiabank
DATOS
140000 VP= 140000
n=3 n= 3 TIEMPO 6 AÑOS n=6 n3
i equival i= 0.12769586 TAS 12.3% CAP SEM i anual 0.12678225
200772.390085577 VF=VP*(1+i)^n = 200284.816
60772.3900855775 I= 60284.8164

200284.816414305

60284.8164143053 SCOTIABANK
 MÁQUINA NUEVA
Periodo 6 años TAS 12.3% CAP SEMESTRAL
Pagos mensuales tiempo 6 años =
tasa interes 12.3% cp. Semestral VP =
desarrollo la tabla de amortizacion
TABLA DE AMORTIZACION METODO FRANCES
PERIODOS CAPITAL INTERES
0
1 525000 5248.32238375522
2 519985.5181739 5198.1935890683
3 514920.9075532 5147.56366661906
4 509805.66701 5096.42760673119
5 504639.2904069 5044.78034964764
6 499421.2665468 4992.61678502999
7 494151.079122 4939.93175145271
8 488828.2066636 4886.72003589255
9 483452.1224897 4832.97637321268
10 478022.2946531 4778.6954456417
11 472538.1858889 4723.87188224752
12 466999.2535614 4668.50025840588
13 461404.94961 4612.5750952636
14 455754.7204954 4556.09085919649
15 450048.0071448 4499.04196126181
16 444284.2448962 4441.42275664522
17 438462.8634431 4383.22754410229
18 432583.2867774 4324.45056539439
19 426644.9331329 4265.08600471886
20 420647.2149279 4205.12798813363
21 414589.5387062 4144.57058297596
22 408471.3050793 4083.40779727544
23 402291.9086668 4021.63357916113
24 396050.7380362 3959.24181626269
25 389747.1756426 3896.22633510562
26 383380.5977679 3832.58090050039
27 376950.3744586 3768.29921492553
28 370455.8694637 3703.37491790443
29 363896.4401718 3637.80158537609
30 357271.4375474 3571.5727290594
31 350580.2060666 3504.68179581116
32 343822.0836526 3437.12216697772
33 336996.4016098 3368.88715773999
34 330102.4845577 3299.9700164521
35 323139.6503643 3230.36392397327
36 316107.2100785 3160.0619929931
 37 309004.4678617 3089.0572673501
38 301830.7209192 3017.34272134339
39 294585.2594307 2944.91125903755
40 287267.36648 2871.75571356046
41 279876.3179837 2797.86884639417
42 272411.3826203 2723.24334665872
43 264871.8217571 2647.87183038868
44 257256.8893777 2571.74683980256
45 249565.8320077 2494.86084256491
46 241797.8886405 2417.20623104097
47 233952.2906617 2338.77532154396
48 226028.2617734 2259.56035357478
49 218025.0179172 2179.55348905413
50 209941.7671964 2098.74681154697
51 201777.7097982 2017.1323254792
52 193532.0379138 1934.70195534654
53 185203.9356594 1851.44754491547
54 176792.5789945 1767.36085641618
55 168297.1356411 1682.43356972751
56 159716.765001 1596.65728155365
57 151050.6180727 1510.02350459272
58 142297.8373675 1422.5236666969
59 133457.5568244 1334.14911002431
60 124528.9017246 1244.89109018232
61 115510.988605 1154.7407753623
62 106402.9251705 1063.68924546575
63 97203.81020618 971.727491221718
64 87912.73348759 878.846413295307
65 78528.77569108 785.036821387357
66 69051.00830265 690.28943332508
67 59478.49352616 594.594874143623
68 49810.28419049 497.943675158441
69 40045.42365584 400.326273028401
70 30182.94571906 301.733008809516
71 20221.87451805 202.154126999227
72 10161.22443524 101.57977457112
probando

MÁQUINA USADA
Periodo 4 años
Pagos mensuales
tasa interes 12.3% cap. Semestral
desarrollo la tabla de amortizacion
PERIODOS CAPITAL
0
1 355000
2 349201.022388952
3 343344.073532191
4 337428.573902505
5 331453.938179263
6 325419.575190494
7 319324.887854401
8 313169.273120273
9 306952.121908821
10 300672.81905191
11 294330.743231688
12 287925.26691911
13 281455.756311847
14 274921.57127157
15 268322.065260614
16 261656.585278003
17 254924.471794837
18 248125.058689036
19 241257.673179426
20 234321.635759172
21 227316.260128542
22 220240.853127
23 213094.71466462
24 205877.137652812
25 198587.407934361
26 191224.804212761
27 183788.597980848
28 176278.053448711
29 168692.427470894
30 161030.96947286
31 153292.921376724
32 145477.517526246
33 137583.98461107
34 129611.541590208
35 121559.399614755
36 113426.761949841
37 105212.823895793
38 96916.772708511
39 88537.7875190517
40 80075.0392524057
41 71527.6905454627
42 62894.895664157
43 54175.8004197849
 44 45369.5420844848
45 36475.2493058737
46 27492.042020829
47 18419.0313684091
48 9255.31960190309

OVERHOLD
Periodo 3 años
Pagos mensuales
tasa interes 12.3% cap. Semestral
desarrollo la tabla de amortizacion

PERIODOS CAPITAL
0
1 140000
2 136749.805661728
3 133467.119765938
4 130151.61750088
5 126802.970807725
6 123420.848348103
7 120004.91547132
8 116554.834181245
9 113070.263102863
10 109550.857448504
11 105996.26898372
12 102406.145992831
13 98780.1332441261
14 95117.871954711
15 91418.9997550094
16 87683.1506529072
17 83909.9549975385
18 80099.0394427101
19 76250.0269099598
20 72362.5365512456
21 68436.1837112624
22 64470.5798893809
23 60465.3327012071
24 56420.0458397567
25 52334.3190362422
26 48207.7480204672
27 44039.924480825
28 39830.4360238978
29 35578.8661336512
30 31284.7941302216
31 26947.795128291
32 22567.4399950458
33 18143.2953077156
34 13674.9233106874
35 9161.88187219067
36 4603.72444055019
probando
 0.00999680454048613 ((1+i)^n) 2.04663304520981
72 ((1+i)^n)-1= 1.04663304520981
525000 i *((1+i)^n)= 0.020459791 Cuota=
probando
RTIZACION METODO FRANCES
CUOTA AMORTIZACION SALDO
525000
S/ 10,262.804210 5014.48182605699 519985.518173943
S/ 10,262.804210 5064.6106207439 514920.907553199
S/ 10,262.804210 5115.24054319314 509805.667010006
S/ 10,262.804210 5166.37660308102 504639.290406925
S/ 10,262.804210 5218.02386016456 499421.266546761
S/ 10,262.804210 5270.18742478222 494151.079121978
S/ 10,262.804210 5322.87245835949 488828.206663619
S/ 10,262.804210 5376.08417391965 483452.122489699
S/ 10,262.804210 5429.82783659952 478022.2946531
S/ 10,262.804210 5484.1087641705 472538.185888929
S/ 10,262.804210 5538.93232756468 466999.253561364
S/ 10,262.804210 5594.30395140632 461404.949609958 59558.600127705
S/ 10,262.804210 5650.2291145486 455754.720495409
S/ 10,262.804210 5706.71335061571 450048.007144794
S/ 10,262.804210 5763.7622485504 444284.244896243
S/ 10,262.804210 5821.38145316699 438462.863443076
S/ 10,262.804210 5879.57666570991 432583.286777366
S/ 10,262.804210 5938.35364441781 426644.933132949
S/ 10,262.804210 5997.71820509334 420647.214927855
S/ 10,262.804210 6057.67622167858 414589.538706177
S/ 10,262.804210 6118.23362683625 408471.305079341
S/ 10,262.804210 6179.39641253676 402291.908666804
S/ 10,262.804210 6241.17063065107 396050.738036153
S/ 10,262.804210 6303.56239354951 389747.175642603 51495.876550392
S/ 10,262.804210 6366.57787470658 383380.597767897
S/ 10,262.804210 6430.22330931181 376950.374458585
S/ 10,262.804210 6494.50499488668 370455.869463698
S/ 10,262.804210 6559.42929190777 363896.44017179
S/ 10,262.804210 6625.00262443611 357271.437547354
S/ 10,262.804210 6691.23148075281 350580.206066601
S/ 10,262.804210 6758.12241400104 343822.0836526
S/ 10,262.804210 6825.68204283449 336996.401609766
S/ 10,262.804210 6893.91705207221 330102.484557694
S/ 10,262.804210 6962.8341933601 323139.650364334
S/ 10,262.804210 7032.44028583893 316107.210078495
S/ 10,262.804210 7102.7422168191 309004.467861676 42410.942736819
 S/ 10,262.804210 7173.7469424621 301830.720919214
S/ 10,262.804210 7245.46148846881 294585.259430745
S/ 10,262.804210 7317.89295077465 287267.36647997
S/ 10,262.804210 7391.04849625175 279876.317983718
S/ 10,262.804210 7464.93536341803 272411.3826203
S/ 10,262.804210 7539.56086315348 264871.821757147
S/ 10,262.804210 7614.93237942352 257256.889377723
S/ 10,262.804210 7691.05737000964 249565.832007714
S/ 10,262.804210 7767.94336724729 241797.888640466
S/ 10,262.804210 7845.59797877123 233952.290661695
S/ 10,262.804210 7924.02888826824 226028.261773427
S/ 10,262.804210 8003.24385623742 218025.01791719 32174.20057326
S/ 10,262.804210 8083.25072075807 209941.767196431
S/ 10,262.804210 8164.05739826524 201777.709798166
S/ 10,262.804210 8245.671884333 193532.037913833
S/ 10,262.804210 8328.10225446566 185203.935659368
S/ 10,262.804210 8411.35666489673 176792.578994471
S/ 10,262.804210 8495.44335339602 168297.135641075
S/ 10,262.804210 8580.3706400847 159716.76500099
S/ 10,262.804210 8666.14692825855 151050.618072732
S/ 10,262.804210 8752.78070521948 142297.837367512
S/ 10,262.804210 8840.2805431153 133457.556824397
S/ 10,262.804210 8928.65509978789 124528.901724609
S/ 10,262.804210 9017.91311962988 115510.988604979 20639.621205536
S/ 10,262.804210 9108.06343444991 106402.925170529
S/ 10,262.804210 9199.11496434645 97203.8102061826
S/ 10,262.804210 9291.07671859048 87912.7334875921
S/ 10,262.804210 9383.9577965169 78528.7756910752
S/ 10,262.804210 9477.76738842484 69051.0083026504
S/ 10,262.804210 9572.51477648712 59478.4935261632
S/ 10,262.804210 9668.20933566858 49810.2841904947
S/ 10,262.804210 9764.86053465376 40045.4236558409
S/ 10,262.804210 9862.4779367838 30182.9457190571
S/ 10,262.804210 9961.07120100269 20221.8745180544
S/ 10,262.804210 10060.650082813 10161.2244352414
S/ 10,262.804210 10161.2244352411 3.492459654808E-10 7642.6619127678
S/ 525,000.000000

TAS 12.3% CAP SEMESTRAL0.00999680454048613 ((1+i)^n) 1.6119812577154

tiempo 4 años = 48 ((1+i)^n)-1= 0.6119812577153
VP = 355000 i *((1+i)^n)= 0.016114662

TABLA DE AMORTIZACION METODO FRANCES

 INTERES CUOTA AMORTIZACION SALDO
355000
3548.86561187257 9347.84322292103 5798.97761104845 349201.02238895
3490.89436616027 9347.84322292103 5856.94885676076 343344.07353219
3432.34359323561 9347.84322292103 5915.49962968542 337428.57390251
3373.20749967832 9347.84322292103 5974.6357232427 331453.93817926
3313.48023415246 9347.84322292103 6034.36298876857 325419.5751905
3253.1558868274 9347.84322292103 6094.68733609363 319324.8878544
3192.22848879309 9347.84322292103 6155.61473412793 313169.27312027
3130.69201146948 9347.84322292103 6217.15121145155 306952.12190882
3068.54036600995 9347.84322292103 6279.30285691108 300672.81905191
3005.7674026989 9347.84322292103 6342.07582022213 294330.74323169
2942.36691034319 9347.84322292103 6405.47631257784 287925.26691911
2878.33261565764 9347.84322292103 6469.51060726339 281455.75631185
2813.65818264422 9347.84322292103 6534.1850402768 274921.57127157
2748.33721196521 9347.84322292103 6599.50601095582 268322.06526061
2682.36324030992 9347.84322292103 6665.47998261111 261656.585278
2615.72973975523 9347.84322292103 6732.11348316579 254924.47179484
2548.43011711965 9347.84322292103 6799.41310580137 248125.05868904
2480.45771331094 9347.84322292103 6867.38550961009 241257.67317943
2411.8058026672 9347.84322292103 6936.03742025383 234321.63575917
2342.46759229142 9347.84322292103 7005.3756306296 227316.26012854
2272.43622137934 9347.84322292103 7075.40700154169 220240.853127
2201.70476054054 9347.84322292103 7146.13846238049 213094.71466462
2130.26621111287 9347.84322292103 7217.57701180816 205877.13765281
2058.11350446992 9347.84322292103 7289.72971845111 198587.40793436
1985.23950132159 9347.84322292103 7362.60372159944 191224.80421276
1911.6369910077 9347.84322292103 7436.20623191333 183788.59798085
1837.29869078452 9347.84322292103 7510.54453213651 176278.05344871
1762.21724510413 9347.84322292103 7585.6259778169 168692.4274709
1686.38522488666 9347.84322292103 7661.45799803436 161030.96947286
1609.79512678517 9347.84322292103 7738.04809613586 153292.92137673
1532.43937244322 9347.84322292103 7815.40385047781 145477.51752625
1454.31030774503 9347.84322292103 7893.532915176 137583.98461107
1375.40020205812 9347.84322292103 7972.44302086291 129611.54159021
1295.70124746839 9347.84322292103 8052.14197545264 121559.39961476
1215.20555800755 9347.84322292103 8132.63766491348 113426.76194984
1133.90516887281 9347.84322292103 8213.93805404821 105212.82389579
1051.79203563883 9347.84322292103 8296.0511872822 96916.772708511
968.858033461704 9347.84322292103 8378.98518945933 88537.787519052
885.094956275051 9347.84322292103 8462.74826664598 80075.039252406
800.494515978054 9347.84322292103 8547.34870694297 71527.690545463
715.048341615368 9347.84322292103 8632.79488130566 62894.895664157
628.747978548846 9347.84322292103 8719.09524437218 54175.800419785
541.584887620975 9347.84322292103 8806.25833530005 45369.542084485
 453.550444309954 9347.84322292103 8894.29277861107 36475.249305874
364.635937876322 9347.84322292103 8983.20728504471 27492.042020829
274.832570501059 9347.84322292103 9073.01065241997 18419.031368409
184.131456415068 9347.84322292103 9163.71176650596 9255.3196019031
92.5236210199551 9347.84322292103 9255.31960190107 2.020897227E-09
probando $355,000.00

TAS 12.3% CAP SEMESTRAL0.00999680454048613 ((1+i)^n) 1.4306058315308

tiempo 3 años = 36 ((1+i)^n)-1= 0.4306058315308
VP = 140000 i *((1+i)^n)= 0.014301487

TABLA DE AMORTIZACION METODO FRANCES

INTERES CUOTA AMORTIZACION SALDO
140000
1399.55263566806 4649.7469739398 3250.19433827174 136749.80566173
1367.06107814976 4649.7469739398 3282.68589579004 133467.11976594
1334.24470888174 4649.7469739398 3315.50226505806 130151.61750088
1301.10028078441 4649.7469739398 3348.64669315538 126802.97080773
1267.62451431779 4649.7469739398 3382.122459622 123420.8483481
1233.81409715696 4649.7469739398 3415.93287678283 120004.91547132
1199.66568386435 4649.7469739398 3450.08129007545 116554.83418125
1165.17589555867 4649.7469739398 3484.57107838112 113070.26310286
1130.34131958067 4649.7469739398 3519.40565435913 109550.85744851
1095.15850915536 4649.7469739398 3554.58846478444 105996.26898372
1059.62398305104 4649.7469739398 3590.12299088876 102406.14599283
1023.73422523482 4649.7469739398 3626.01274870498 98780.133244126
987.485684524704 4649.7469739398 3662.26128941509 95117.871954711
950.874774238233 4649.7469739398 3698.87219970156 91418.999755009
913.897871837578 4649.7469739398 3735.84910210222 87683.150652907
876.551318571112 4649.7469739398 3773.19565536869 83909.954997539
838.831419111379 4649.7469739398 3810.91555482842 80099.03944271
800.734441189461 4649.7469739398 3849.01253275034 76250.02690996
762.256615225675 4649.7469739398 3887.49035871412 72362.536551246
723.394133956586 4649.7469739398 3926.35283998321 68436.183711263
684.143152058291 4649.7469739398 3965.60382188151 64470.579889381
644.499785765937 4649.7469739398 4005.24718817386 60465.332701207
604.460112489431 4649.7469739398 4045.28686145037 56420.045839757
564.020170425315 4649.7469739398 4085.72680351448 52334.319036242
523.175958164756 4649.7469739398 4126.57101577504 48207.748020467
481.923434297617 4649.7469739398 4167.82353964218 44039.924480825
440.258517012577 4649.7469739398 4209.48845692722 39830.436023898
398.177083693243 4649.7469739398 4251.56989024655 35578.866133651
355.674970510232 4649.7469739398 4294.07200342957 31284.794130222
312.747972009173 4649.7469739398 4336.99900193062 26947.795128291
269.39184069459 4649.7469739398 4380.35513324521 22567.439995046
225.602286609622 4649.7469739398 4424.14468733018 18143.295307716
181.374976911552 4649.7469739398 4468.37199702825 13674.923310687
136.705535443079 4649.7469739398 4513.04143849672 9161.8818721907
91.5895422993132 4649.7469739398 4558.15743164048 4603.7244405502
46.0225333904391 4649.7469739398 4603.72444054936 8.29459168E-10
$140,000.00
10262.8042098122
S/ 10,262.804210

Tabla de pagos
Año 1 59558.6001
Año 2 51495.8766
Año 3 42410.9427
Año 4 32174.2006
Año 5 20639.6212
Año 6 7642.66191
 Cuota= 9347.843222921
probando S/ 9,347.843223
 Tabla de pagos
Año 1 38629.875
Año 2 29305.7703
Año 3 18799.5346
Año 4 6961.29478

38629.8749868989

29305.7702975665

18799.5346364849
6961.29477926119

Cuota= 4649.7469739398
probando S/ 4,649.746974

Tabla de pagos
Año 1 14577.0969
Año 2 9351.14948
Año 3 3462.64465

14577.0969314036

9351.1494793937
3462.6446510362
Así mismo la depreciación fue autorizada por el SUNAT mediante el método de fondo de amortización q

INTERES cap. Mensualmente 0.05

INTERES anual 0.0511619

NUEVA MÁQUINA

Inversión 525000 (1+i)^n 1.81984887 A=

Valor recuper 157500 (1+i)^n -1 0.81984887
DT 367500
Vida útil 12 años

Periodo Depósito Intereses Depr. Anual Depr. AcumulValor en libros

0 525000
1 22933.49185 0 22933.4919 22933.4919 502066.508
2 22933.49185 1173.32097 24106.8128 47040.3047 477959.695
3 22933.49185 2406.67126 25340.1631 72380.4678 452619.532
4 22933.49185 3703.1221 26636.614 99017.0817 425982.918
5 22933.49185 5065.90182 27999.3937 127016.475 397983.525
6 22933.49185 6498.40394 29431.8958 156448.371 368551.629
7 22933.49185 8004.19559 30937.6874 187386.059 337613.941
8 22933.49185 9587.0264 32520.5182 219906.577 305093.423
9 22933.49185 11250.8378 34184.3297 254090.907 270909.093
10 22933.49185 12999.773 35933.2649 290024.171 234975.829
11 22933.49185 14838.187 37771.6789 327795.85 197204.15
12 22933.49185 16770.6578 39704.1497 367500 157500

MÁQUINA USADA

i 0.0511618979
Inversión 355000 (1+i)^n 1.49058547 A=
Valor recuper 71000 (1+i)^n -1 0.49058547
DT 284000
Vida útil 8 años

Periodo Depósito Intereses Depr. Anual Depr. AcumulValor en libros

 0 355000
1 29617.630257 0 29617.6303 29617.6303 325382.37
2 29617.630257 1515.29417 31132.9244 60750.5547 294249.445
3 29617.630257 3108.11368 32725.7439 93476.2986 261523.701
4 29617.630257 4782.42484 34400.0551 127876.354 227123.646
5 29617.630257 6542.39695 36160.0272 164036.381 190963.619
6 29617.630257 8392.41257 38010.0428 202046.424 152953.576
7 29617.630257 10337.0785 39954.7088 242001.133 112998.867
8 29617.630257 12381.2372 41998.8675 284000 71000

OVERHOLD

i 0.0511618979
Inversión 140000 (1+i)^n 1.34901774 A=
Valor recuper 11200 (1+i)^n -1 0.34901774
DT 128800
Vida útil 6 años

Periodo Depósito Intereses Depr. Anual Depr. AcumulValor en libros

0 140000
1 18880.565695 0 18880.5657 18880.5657 121119.434
2 18880.565695 965.965574 19846.5313 38727.097 101272.903
3 18880.565695 1981.35178 20861.9175 59589.0144 80410.9856
4 18880.565695 3048.68707 21929.2528 81518.2672 58481.7328
5 18880.565695 4170.62926 23051.195 104569.462 35430.5378
6 18880.565695 5349.97214 24230.5378 128800 11200
de fondo de amortización que paga el 5% capitalizable mensualmente.

22933.4918502

29617.630257
18880.5656946
HALLAR TREMA
RPS= 0.32 Rentabilidad del sector industrial
inf= 0.055 Inflacion promedio anual
TLR= 0.08 Tasa libre de riesgo o bonos USA
TpB= 0.075 Tasa pasiva del banco o tasa que paga por depositos a plazo fijo

Rentabilidad promedio del sector TREMA fp= 0.22204167

RPS= 0.3926
TLR= 0.1394
TpB= 0.134125

Determine la TREMA de fondos externos

Ki = Kd x (1 - t)
TaB= 0.18 Tasa activa bancario o tasa de interes que cobra el banco por los prestam
Iren= 0.295 Impuesto a la renta
Tre fond ex 0.1269

CCPP o WALL= (% de capital deuda x costo deuda) + (% capital propio x costo capital propio)
CCPP o WALL= 0.16019958
r depositos a plazo fijo

e cobra el banco por los prestamos

io x costo capital propio)

 Sus ventas anuales son de 60 000 unidades por año que se proyecta que se incrementen de
acuerdo al cuadro abajo detallado por cada opción por año, su VVu es de 80 soles, los costos de
materia prima son de 30 soles por unidad, sus costos unitarios de mano de obra son de 10 soles
unidad, sus otros costos son de 10 soles unidad variables y sus costos fijos son de 100 000 soles
anuales.

Vvu= 80 Vvu-Costos= 30 "=Ingreso x unidad vendida"

Cmat.prima 30
Cu mano obr 10
Otros costos 10

COMPRAR NUEVA MÁQUINA n= 12

Unid. Vendid PERIODOS INVERSION INGRESOS COST. FIJO GAS MAN DEPRECIACIÓ
0 525000
60000 1 1800000 100000 10000 22933.4919
61200 2 1836000 100000 10500 24106.8128
62424 3 1872720 100000 11000 25340.1631
63672.48 4 1910174.4 100000 11500 26636.614
64945.9296 5 1948377.89 100000 12000 27999.3937
66244.8482 6 1987345.45 100000 12500 29431.8958
67569.7452 7 2027092.35 100000 13000 30937.6874
68921.1401 8 2067634.2 100000 13500 32520.5182
70299.5629 9 2108986.89 100000 14000 34184.3297
71705.5541 10 2151166.62 100000 14500 35933.2649
73139.6652 11 2194189.96 100000 15000 37771.6789
74602.4585 12 525000 2238073.76 100000 15500 39704.1497
60000 13 1800000 100000 10000 22933.4919
61200 14 1836000 100000 10500 24106.8128
62424 15 1872720 100000 11000 25340.1631
63672.48 16 1910174.4 100000 11500 26636.614
64945.9296 17 1948377.89 100000 12000 27999.3937
66244.8482 18 1987345.45 100000 12500 29431.8958
67569.7452 19 2027092.35 100000 13000 30937.6874
68921.1401 20 2067634.2 100000 13500 32520.5182
70299.5629 21 2108986.89 100000 14000 34184.3297
71705.5541 22 2151166.62 100000 14500 35933.2649
73139.6652 23 2194189.96 100000 15000 37771.6789
74602.4585 24 2238073.76 100000 15500 39704.1497

COMPRAR MÁQUINA USADA n= 8

Unid. Vendid PERIODOS INVERSION INGRESOS COST. FIJO GAS MAN DEPRECIACIÓ
0 355000
60000 1 1800000 100000 12000 29617.6303
60900 2 1827000 100000 12480 31132.9244
61813.5 3 1854405 100000 12979.2 32725.7439
62740.7025 4 1882221.08 100000 13498.368 34400.0551
63681.813 5 1910454.39 100000 14038.3027 36160.0272
64637.0402 6 1939111.21 100000 14599.8348 38010.0428
65606.5958 7 1968197.88 100000 15183.8282 39954.7088
66590.6948 8 355000 1997720.84 100000 15791.1814 41998.8675
60000 9 1800000 100000 12000 29617.6303
60900 10 1827000 100000 12480 31132.9244
61813.5 11 1854405 100000 12979.2 32725.7439
62740.7025 12 1882221.08 100000 13498.368 34400.0551
63681.813 13 1910454.39 100000 14038.3027 36160.0272
64637.0402 14 1939111.21 100000 14599.8348 38010.0428
65606.5958 15 1968197.88 100000 15183.8282 39954.7088
66590.6948 16 355000 1997720.84 100000 15791.1814 41998.8675
60000 17 1800000 100000 12000 29617.6303
60900 18 1827000 100000 12480 31132.9244
61813.5 19 1854405 100000 12979.2 32725.7439
62740.7025 20 1882221.08 100000 13498.368 34400.0551
63681.813 21 1910454.39 100000 14038.3027 36160.0272
64637.0402 22 1939111.21 100000 14599.8348 38010.0428
65606.5958 23 1968197.88 100000 15183.8282 39954.7088
66590.6948 24 1997720.84 100000 15791.1814 41998.8675

OVERHOLD n= 6

Unid. Vendid PERIODOS INVERSION INGRESOS COST. FIJO GAS MAN DEPRECIACIÓ
0 140000
60000 1 1800000 100000 14000 18880.5657
60900 2 1827000 100000 18000 19846.5313
61813.5 3 1854405 100000 22000 20861.9175
62740.7025 4 1882221.08 100000 26000 21929.2528
63681.813 5 1910454.39 100000 30000 23051.195
64637.0402 6 140000 1939111.21 100000 34000 24230.5378
60000 7 1800000 100000 14000 18880.5657
60900 8 1827000 100000 18000 19846.5313
61813.5 9 1854405 100000 22000 20861.9175
62740.7025 10 1882221.08 100000 26000 21929.2528
63681.813 11 1910454.39 100000 30000 23051.195
64637.0402 12 140000 1939111.21 100000 34000 24230.5378
60000 13 1800000 100000 14000 18880.5657
60900 14 1827000 100000 18000 19846.5313
61813.5 15 1854405 100000 22000 20861.9175
62740.7025 16 1882221.08 100000 26000 21929.2528
63681.813 17 1910454.39 100000 30000 23051.195
64637.0402 18 140000 1939111.21 100000 34000 24230.5378
60000 19 1800000 100000 14000 18880.5657
60900 20 1827000 100000 18000 19846.5313
61813.5 21 1854405 100000 22000 20861.9175
62740.7025 22 1882221.08 100000 26000 21929.2528
63681.813 23 1910454.39 100000 30000 23051.195
64637.0402 24 1939111.21 100000 34000 24230.5378
a que se incrementen de
es de 80 soles, los costos de
mano de obra son de 10 soles
os fijos son de 100 000 soles

=Ingreso x unidad vendida"

TREMA= 0.1601995833333

INTERES VALOR RESCAFCN FCN - TIR

-525000
59558.6001 1607507.9080221 1607507.91 1082507.908022
51495.8766 1649897.3106313 1649897.31
42410.9427 1693968.8941492 1693968.89
32174.2006 1739863.5854752 1739863.59
20639.6212 1787738.8731201 1787738.87
7642.66191 1837770.8880529 1837770.89
1883154.6672338 1883154.67
1921613.6835217 1921613.68
1960802.5561235 1960802.56
2000733.3586553 2000733.36
2041418.2770981 2041418.28
157500 1715369.6054396 2240369.61
59558.6001 1607507.9080221 TIR 309%
51495.8766 1649897.3106313 B/C S/ 17.63
42410.9427 1693968.8941492 VNA S/ 9,253,381.58
32174.2006 1739863.5854752 PRI 0.326592483546
20639.6212 1787738.8731201
7642.66191 1837770.8880529
1883154.6672338
1921613.6835217
 1960802.5561235
2000733.3586553
2041418.2770981
157500 2240369.6054396
VNA= S/ 10,720,757.07
VAN S/ 10,195,757.07

INTERES VALOR RESCAFCN FCN TIR

-355000
38629.875 1619752.4947561 1619752.49 1264752.494756
29305.7703 1654081.3052707 1654081.31
18799.5346 1689900.5214312 1689900.52
6961.29478 1727361.3571193 1727361.36
1760256.0611973 1760256.06
1786501.329336 1786501.33
1813059.3381181 1813059.34
71000 1555930.7943864 1910930.79
38629.875 1619752.4947561 TIR 458%
29305.7703 1654081.3052707 B/C S/ 20.99
18799.5346 1689900.5214312 VNA S/ 7,453,048.29
6961.29478 1727361.3571193 PRI 0.219169287375
1760256.0611973
1786501.329336
1813059.3381181
71000 1555930.7943864
38629.875 1619752.4947561
29305.7703 1654081.3052707
18799.5346 1689900.5214312
6961.29478 1727361.3571193
1760256.0611973
1786501.329336
1813059.3381181
71000 1910930.7943864
VNA= S/ 10,273,746.72
VAN S/ 9,918,746.72

INTERES VALOR RESCAFCN FCN TIR

-140000
14577.0969 1652542.337374 1652542.34 1512542.337374
9351.14948 1679802.319252 1679802.32
3462.64465 1708080.4378743 1708080.44
 1734291.8222339 1734291.82
1757403.1961682 1757403.2
11200 1652080.6691527 1792080.67
14577.0969 1652542.337374 TIR 1182%
9351.14948 1679802.319252 B/C S/ 44.96
3462.64465 1708080.4378743 VNA S/ 6,293,992.77
1734291.8222339 PRI 0.084717950538
1757403.1961682
11200 1652080.6691527
14577.0969 1652542.337374
9351.14948 1679802.319252
3462.64465 1708080.4378743
1734291.8222339
1757403.1961682
11200 1652080.6691527
14577.0969 1652542.337374
9351.14948 1679802.319252
3462.64465 1708080.4378743
1734291.8222339
1757403.1961682
11200 1792080.6691527
VNA= S/ 10,276,024.23
VAN S/ 10,136,024.23
 FLUJO DE CAJA NETO AL 15%

Periodos FCN*0.15 FCN TIR

0 -525000
1 241126.186203315 241126.186 -283873.8137967
2 247484.596594695 247484.597 -36389.21720199
3 254095.334122381 254095.334 217706.1169204
4 260979.537821284 260979.538
5 268160.830968007 268160.831
6 275665.633207934 275665.633
7 282473.200085065 282473.2
8 288242.052528254 288242.053
9 294120.383418518 294120.383
10 300110.003798289 300110.004
11 306212.741564713 306212.742
12 257305.440815937 336055.441
13 241126.186203315 TIR 48%
14 247484.596594695 B/C 2.643823307765
15 254095.334122381 VNA S/ 1,388,007.24
16 260979.537821284 PRI 2.143210883142
17 268160.830968007
18 275665.633207934
19 282473.200085065
20 288242.052528254
 21 294120.383418518
22 300110.003798289
23 306212.741564713
24 336055.440815937
VNA= S/ 1,608,113.56
VAN S/ 1,083,113.56

Periodos FCN*0.15 FCN TIR

0 -355000
1 242962.874213408 242962.874 -112037.1257866
2 248112.195790602 248112.196 136075.070004
3 253485.078214683 253485.078
4 259104.203567892 259104.204
5 264038.409179597 264038.409
6 267975.199400398 267975.199
7 271958.900717717 271958.901
8 233389.619157957 286639.619
9 242962.874213408 TIR 69%
10 248112.195790602 B/C 3.149175333368
11 253485.078214683 VNA S/ 1,117,957.24
12 259104.203567892 PRI 1.45155831792
13 264038.409179597
14 267975.199400398
15 271958.900717717
16 233389.619157957
17 242962.874213408
18 248112.195790602
19 253485.078214683
20 259104.203567892
21 264038.409179597
22 267975.199400398
23 271958.900717717
24 286639.619157957
VNA= S/ 1,541,062.01
VAN S/ 1,186,062.01

Periodos FCN*0.15 FCN TIR

0 -140000
1 247881.350606101 247881.351 107881.3506061
2 251970.3478878 251970.348
3 256212.065681143 256212.066
 4 260143.77333508 260143.773
5 263610.479425233 263610.479
6 247812.1003729 268812.1
7 247881.350606101 TIR 178%
8 251970.3478878 B/C 6.743563687095
9 256212.065681143 VNA S/ 944,098.92
10 260143.77333508 PRI 0.564786336922
11 263610.479425233
12 247812.1003729
13 247881.350606101
14 251970.3478878
15 256212.065681143
16 260143.77333508
17 263610.479425233
18 247812.1003729
19 247881.350606101
20 251970.3478878
21 256212.065681143
22 260143.77333508
23 263610.479425233
24 268812.1003729
VNA= S/ 1,541,403.63
VAN S/ 1,401,403.63
INDICADORES VAN TIR B/C PRI
Máquina nueva S/ 1,083,113.56 48% 2.64 2.14 (2 años 1 mes y 20 días)
Máquina usada S/ 1,186,062.01 69% 3.15 1.45 (1 año 5 meses y 12 días)
Overhold S/ 1,401,403.63 178% 6.74 0.56 (6 meses y 21 días)

DECISIÓN:
La mejor opción es el OVERHOLD ya que:
Es la opción que posee el mayor VAN, es decir el proyecto de inversión con mayor utilidad
Posee la mayor tasa de Interna de retorno
Por cada sol invertido en el proyecto se obtiene 6.74 soles, más que las otras opciones
El menor periodo de recuperación de la inversión, poco mas de 6 meses
2 años 1 mes y 20 días)
1 año 5 meses y 12 días)
6 meses y 21 días)