Gerencia de Finanzas 1. Usted tiene la posibilidad de realizar una ahorro mensual de S/.

Carlos Maquieira mensual de 2,0%. ¿Cuánto tendría a fines del mes 12? Suponga que c
extiende por 12 meses. (20,520.5)
Problema 1
Ahorro mensual= 1,500
T= 12 meses
Tasa mensual= 2.00%
Valor Final= $20,520.50

0 1 2 3
1500 1500 1500 1500
0 1902.36269184
1 1865.06146259
2 1828.49162999
3 1792.63885293
4 1757.4890715
5 1723.02850147
6 1689.2436289
7 1656.1212048
8 1623.64824
9 1591.812
10 1560.6
11 1530
12 0
20520.50

Problema 2

Inversión= 17,500
Tasa mensual= 1.20%
N meses=
Valor Final Objetivo= 23,301
Numéro de Meses= 24
Valor Final= 23,301

Problema 3
en 6 meses 36,100
en 10 meses 52,430
VP(t=6) 28,258
VP(t=10) 34,857
Valor Total 63,115
TAN 50% Capitalizable mensualmente
TME 4%
Contado 25,000
 Segundo Pago 55,000
Valor por pagar 38,115
n 8.98
Valor total 38,115

Problema 4

Banco A
TNM 0.50%
TNA 6.00%
T 1 año
Infla. 7% 6.0%

Monto Inicial= 100,000

Valor Final Nominal= 106,167.78
Valor Final Real= 99,222.23

Problema 5

Banco B
TRM 0.20%
T 1 año
Infla. 5%

Monto Inicial= 100,000

Valor Final Real= 102,426.58
nto de poder asquisitivo= 2,426.58
realizar una ahorro mensual de S/. 1,500 durante 12 meses a una tasa
a a fines del mes 12? Suponga que comienza a ahorrar de inmediato y eso se

4 5 6 7 8 9 10 11
1500 1500 1500 1500 1500 1500 1500 1500
12
 Gerencia de Finanzas
Carlos Maquieira

Problema 06

Mes Precio Acción Retorno Nominal IPC x Inflación Retorno Real

0 990 100
1 1000 1.01% 100.5 0.500% 0.5076%
2 1006 0.60% 100.7 0.199% 0.4002%
3 1010 0.40% 100.9 0.199% 0.1986%
4 1020 0.99% 101.1 0.198% 0.7903%
5 1015 -0.49% 101.3 0.198% -0.6867%
6 1013 -0.20% 101.5 0.197% -0.3937%
7 1015 0.20% 101.7 0.197% 0.0004%
8 1020 0.49% 101.9 0.197% 0.2954%
9 1025 0.49% 102.5 0.589% -0.0980%
10 1030 0.49% 102.8 0.293% 0.1946%
11 1035 0.49% 103.1 0.292% 0.1930%
12 1050 1.45% 103.5 0.388% 1.0572%
0 3.500%
Nominal Anual= 6.06%
flación Esperada= 3.50%
orno Real Anual= 2.474%

Problema 07

Monto Inicial 200,000

TNA 20%
Valor Compue 3
trimestral 359,171
mensual 362,626
semanal 364,005
continuamen 364,424

Problema 08
Valor Inicial 935,000
Tiempo 11
Valor Final D 3,258,000
Valor Final 3,258,000
Tasa continu 11.34838% solver
0.113483841806664 solución ecuación

Problema 09

TNM= 5% capitalización diaria

 TDE= 0.16667%
Valor Final= 5,452.61
15-Apr 5-May
Depósito (-Retiros) 5,000 -400
20
Valor Neto 4,769.33

Problema 10
Principal= 100,000
Plazo= 4 meses
TEM= 2.50%
Modalidad= Amorización uniforme

Saldo por Amortizar Amort. Intereses Cuota Cuota

0 100,000 - 100,000 - 100,000
1 75,000 25,000 2,500.00 27,500.00 27,500
2 50,000 25,000 1,875.00 26,875.00 26,875
3 25,000 25,000 1,250.00 26,250.00 26,750
4 0 25,000 625.00 25,625.00 25,875
TCEM 2.500% 2.789%
TCEA 34.49% 39.11%
Retorno Real Acumulado

0.5076%
0.9078%
1.1064%
1.8967%
1.2100%
0.8163%
0.8167%
1.1121%
1.0140%
1.2086%
1.4016%
2.4737%
 26-May 10-Jun 25-Jul
-200 200
21 15 45
4,739.07 5,058.94 5,452.61

Nueva TEM 3.50%

Nueva TEM 3.50%
Gerencia de Finanzas
Carlos Maquieira

Problema 11
Principal= 100,000
Plazo= 4 meses
TNA= 30.76%
Período de Gracia= 1 no hay ningún desdembolso
Modalidad= Amorización uniforme
TEM= 2.563%

Saldo por Amor

Amort. Intereses Cuota Cuota
0 100,000 - 100,000 - 100,000
1 102,563 0 0 0 -
2 68,376 34,188 2,629 36,817 36,817
3 34,188 34,188 1,753 35,940 35,213
4 0 34,188 876 35,064 34,701
2.563% 2.215%
Saldar deuda a 34,188 TCEA 35.49% 30.07%
Nueva TEM 1.50%
Nueva TEM 1.50%
Gerencia de Finanzas
Carlos Maquieira

Problema 12

Préstamo= 5,000,000
T= 36 meses

BANCO A

a)
Gracia 3 meses (principal e intereses) Pedir Prestado
Seguros 3,500 mensuales Cuota
tasa 2.50%

Saldo por Amortizar Amort Intereses Cuota Seguros

0 5,000,000.0
1 5,125,000.0 - - - 3,500.0
2 5,253,125.0 - - - 3,500.0
3 5,384,453.1 - - - 3,500.0
4 5,277,521.2 106,931.9 134,611.3 241,543.2 3,500.0
5 5,167,916.0 109,605.2 131,938.0 241,543.2 3,500.0
6 5,055,570.7 112,345.3 129,197.9 241,543.2 3,500.0
7 4,940,416.7 115,154.0 126,389.3 241,543.2 3,500.0
8 4,822,383.9 118,032.8 123,510.4 241,543.2 3,500.0
9 4,701,400.2 120,983.6 120,559.6 241,543.2 3,500.0
10 4,577,392.0 124,008.2 117,535.0 241,543.2 3,500.0
11 4,450,283.6 127,108.4 114,434.8 241,543.2 3,500.0
12 4,319,997.4 130,286.2 111,257.1 241,543.2 3,500.0
13 4,186,454.1 133,543.3 107,999.9 241,543.2 3,500.0
14 4,049,572.2 136,881.9 104,661.4 241,543.2 3,500.0
15 3,909,268.3 140,303.9 101,239.3 241,543.2 3,500.0
16 3,765,456.8 143,811.5 97,731.7 241,543.2 3,500.0
17 3,618,049.9 147,406.8 94,136.4 241,543.2 3,500.0
18 3,466,957.9 151,092.0 90,451.2 241,543.2 3,500.0
19 3,312,088.7 154,869.3 86,673.9 241,543.2 3,500.0
20 3,153,347.6 158,741.0 82,802.2 241,543.2 3,500.0
21 2,990,638.1 162,709.5 78,833.7 241,543.2 3,500.0
22 2,823,860.8 166,777.3 74,766.0 241,543.2 3,500.0
23 2,652,914.1 170,946.7 70,596.5 241,543.2 3,500.0
24 2,477,693.7 175,220.4 66,322.9 241,543.2 3,500.0
25 2,298,092.8 179,600.9 61,942.3 241,543.2 3,500.0
26 2,114,001.9 184,090.9 57,452.3 241,543.2 3,500.0
27 1,925,308.7 188,693.2 52,850.0 241,543.2 3,500.0
28 1,731,898.2 193,410.5 48,132.7 241,543.2 3,500.0
29 1,533,652.4 198,245.8 43,297.5 241,543.2 3,500.0
30 1,330,450.4 203,201.9 38,341.3 241,543.2 3,500.0
31 1,122,168.5 208,282.0 33,261.3 241,543.2 3,500.0
 32 908,679.4 213,489.0 28,054.2 241,543.2 3,500.0
33 689,853.2 218,826.3 22,717.0 241,543.2 3,500.0
34 465,556.3 224,296.9 17,246.3 241,543.2 3,500.0
35 235,651.9 229,904.3 11,638.9 241,543.2 3,500.0
36 0.0 235,651.9 5,891.3 241,543.2 3,500.0

TCEM

BANCO B
TMN= 1.95%
Seguros 3000
Préstamo= 5,000,000
T= 36
Cuota 194,593
Saldo por Amortizar Amort Intereses Cuota Seguros
0 5,000,000
1 4,902,907.44 97,092.56 97,500.00 194,592.56 3,000
2 4,803,921.58 98,985.86 95,606.70 194,592.56 3,000
3 4,703,005.49 100,916.09 93,676.47 194,592.56 3,000
4 4,600,121.54 102,883.95 91,708.61 194,592.56 3,000
5 4,495,231.35 104,890.19 89,702.37 194,592.56 3,000
6 4,388,295.81 106,935.55 87,657.01 194,592.56 3,000
7 4,279,275.02 109,020.79 85,571.77 194,592.56 3,000
8 4,168,128.32 111,146.70 83,445.86 194,592.56 3,000
9 4,054,814.27 113,314.06 81,278.50 194,592.56 3,000
10 3,939,290.59 115,523.68 79,068.88 194,592.56 3,000
11 3,821,514.20 117,776.39 76,816.17 194,592.56 3,000
12 3,701,441.16 120,073.03 74,519.53 194,592.56 3,000
13 3,579,026.71 122,414.46 72,178.10 194,592.56 3,000
14 3,454,225.17 124,801.54 69,791.02 194,592.56 3,000
15 3,326,990.00 127,235.17 67,357.39 194,592.56 3,000
16 3,197,273.75 129,716.25 64,876.31 194,592.56 3,000
17 3,065,028.03 132,245.72 62,346.84 194,592.56 3,000
18 2,930,203.52 134,824.51 59,768.05 194,592.56 3,000
19 2,792,749.93 137,453.59 57,138.97 194,592.56 3,000
20 2,652,616.00 140,133.93 54,458.62 194,592.56 3,000
21 2,509,749.45 142,866.55 51,726.01 194,592.56 3,000
22 2,364,097.01 145,652.44 48,940.11 194,592.56 3,000
23 2,215,604.34 148,492.67 46,099.89 194,592.56 3,000
24 2,064,216.07 151,388.27 43,204.28 194,592.56 3,000
25 1,909,875.72 154,340.34 40,252.21 194,592.56 3,000
26 1,752,525.74 157,349.98 37,242.58 194,592.56 3,000
27 1,592,107.44 160,418.31 34,174.25 194,592.56 3,000
28 1,428,560.97 163,546.46 31,046.10 194,592.56 3,000
29 1,261,825.35 166,735.62 27,856.94 194,592.56 3,000
30 1,091,838.39 169,986.96 24,605.59 194,592.56 3,000
31 918,536.68 173,301.71 21,290.85 194,592.56 3,000
32 741,855.59 176,681.09 17,911.47 194,592.56 3,000
33 561,729.22 180,126.37 14,466.18 194,592.56 3,000
34 378,090.38 183,638.84 10,953.72 194,592.56 3,000
35 190,870.58 187,219.80 7,372.76 194,592.56 3,000
36 0.00 190,870.58 3,721.98 194,592.56 3,000

TCEM
 b)
5,384,453 Gracia 4 meses (principal Pedir Prestado
241,543.2 Seguros 3,500 mensuales Cuota
tasa 2.20%

Cuota Total Saldo por AmortAmort Intereses Cuota Seguros

- 5,000,000.0 0 5,000,000
3,500.0 1 5,000,000 110,000.0 110,000.0 3,500
3,500.0 2 5,000,000 110,000.0 110,000.0 3,500
3,500.0 3 5,000,000 110,000.0 110,000.0 3,500
245,043.2 4 5,000,000 110,000.0 110,000.0 3,500
245,043.2 5 4,890,705.1 109,294.9 110,000.0 219,294.9 3,500
245,043.2 6 4,779,005.7 111,699.4 107,595.5 219,294.9 3,500
245,043.2 7 4,664,849.0 114,156.8 105,138.1 219,294.9 3,500
245,043.2 8 4,548,180.8 116,668.2 102,626.7 219,294.9 3,500
245,043.2 9 4,428,945.9 119,234.9 100,060.0 219,294.9 3,500
245,043.2 10 4,307,087.8 121,858.1 97,436.8 219,294.9 3,500
245,043.2 11 4,182,548.8 124,539.0 94,755.9 219,294.9 3,500
245,043.2 12 4,055,270.0 127,278.8 92,016.1 219,294.9 3,500
245,043.2 13 3,925,191.1 130,078.9 89,215.9 219,294.9 3,500
245,043.2 14 3,792,250.4 132,940.7 86,354.2 219,294.9 3,500
245,043.2 15 3,656,385.0 135,865.4 83,429.5 219,294.9 3,500
245,043.2 16 3,517,530.6 138,854.4 80,440.5 219,294.9 3,500
245,043.2 17 3,375,621.4 141,909.2 77,385.7 219,294.9 3,500
245,043.2 18 3,230,590.2 145,031.2 74,263.7 219,294.9 3,500
245,043.2 19 3,082,368.3 148,221.9 71,073.0 219,294.9 3,500
245,043.2 20 2,930,885.5 151,482.8 67,812.1 219,294.9 3,500
245,043.2 21 2,776,070.1 154,815.4 64,479.5 219,294.9 3,500
245,043.2 22 2,617,848.8 158,221.3 61,073.5 219,294.9 3,500
245,043.2 23 2,456,146.6 161,702.2 57,592.7 219,294.9 3,500
245,043.2 24 2,290,886.9 165,259.7 54,035.2 219,294.9 3,500
245,043.2 25 2,121,991.5 168,895.4 50,399.5 219,294.9 3,500
245,043.2 26 1,949,380.5 172,611.1 46,683.8 219,294.9 3,500
245,043.2 27 1,772,971.9 176,408.5 42,886.4 219,294.9 3,500
245,043.2 28 1,592,682.4 180,289.5 39,005.4 219,294.9 3,500
245,043.2 29 1,408,426.6 184,255.9 35,039.0 219,294.9 3,500
245,043.2 30 1,220,117.1 188,309.5 30,985.4 219,294.9 3,500
245,043.2 31 1,027,664.8 192,452.3 26,842.6 219,294.9 3,500
 245,043.2 32 830,978.5 196,686.3 22,608.6 219,294.9 3,500
245,043.2 33 629,965.1 201,013.4 18,281.5 219,294.9 3,500
245,043.2 34 424,529.5 205,435.7 13,859.2 219,294.9 3,500
245,043.2 35 214,574.3 209,955.2 9,339.6 219,294.9 3,500
245,043.2 36 - 214,574.3 4,720.6 219,294.9 3,500

2.59% TCEM

Cuota Total

197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56
197,592.56

2.045%
 5,000,000
219,294.9

Cuota Total
- 5,000,000
113,500.0
113,500.0
113,500.0
113,500.0
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9
222,794.9

2.30%