Documente Academic
Documente Profesional
Documente Cultură
MATEMATICA FINANCIERA
Presentado por:
JIMMY RAUL DELGADO LEYVA
C.C. 7.691.929
Presentado a:
Tutor
AL UNIDAD 1 y 2
Y A DISTANCIA
LOGIA E INGENIERIA
DUSTRIAL
INTRODUCCION
El presente trabajo se refiere a los contenidos requeridos y contenidos complementarios que se encuentran
conocimiento, de la Unidad 1: El inters, el crdito y sus implicaciones en la utilidad empresarial; Unidad
alternativas de inversin con el apoyo de hojas de clculo y simuladores como herramienta para la toma de decisio
efectivas.
TABLA DE
MODALIDAD DE CREDITO OFRECIDA POR LA ENTIDAD
BANCARIA
Amortizacion fija a capital
Amortizacion pago cuota fija
Cuota fija con periodo de gracia
Cuota fiija con periodo muerto
PLAZO
PERIODO DE
GRACIA
$
$
$
600,000,000.00
600,000,000.00
600,000,000.00
0.99%
1.20%
1.28%
36
18
24
No aplica
No aplica
12
600,000,000.00
1.30%
12
No aplica
PERIODO
MUERTO
TOTAL
PERIODOS
No aplica
No aplica
No aplica
36
18
36
18
PERIODO
$600,000,000
0.99%
36
SALDO INICIAL
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
$600,000,000
583,333,333.33
566,666,666.67
550,000,000.00
533,333,333.33
516,666,666.67
500,000,000.00
483,333,333.33
466,666,666.67
450,000,000.00
433,333,333.33
416,666,666.67
400,000,000.00
383,333,333.33
366,666,666.67
350,000,000.00
333,333,333.33
316,666,666.67
300,000,000.00
283,333,333.33
266,666,666.67
250,000,000.00
233,333,333.33
216,666,666.67
200,000,000.00
183,333,333.33
166,666,666.67
150,000,000.00
133,333,333.33
116,666,666.67
100,000,000.00
83,333,333.33
66,666,666.67
50,000,000.00
33,333,333.33
16,666,666.67
CUOTA
22,606,666.67
22,441,666.67
22,276,666.67
22,111,666.67
21,946,666.67
21,781,666.67
21,616,666.67
21,451,666.67
21,286,666.67
21,121,666.67
20,956,666.67
20,791,666.67
20,626,666.67
20,461,666.67
20,296,666.67
20,131,666.67
19,966,666.67
19,801,666.67
19,636,666.67
19,471,666.67
19,306,666.67
19,141,666.67
18,976,666.67
18,811,666.67
18,646,666.67
18,481,666.67
18,316,666.67
18,151,666.67
17,986,666.67
17,821,666.67
17,656,666.67
17,491,666.67
17,326,666.67
17,161,666.67
16,996,666.67
16,831,666.67
INTERESES
5,940,000.00
5,775,000.00
5,610,000.00
5,445,000.00
5,280,000.00
5,115,000.00
4,950,000.00
4,785,000.00
4,620,000.00
4,455,000.00
4,290,000.00
4,125,000.00
3,960,000.00
3,795,000.00
3,630,000.00
3,465,000.00
3,300,000.00
3,135,000.00
2,970,000.00
2,805,000.00
2,640,000.00
2,475,000.00
2,310,000.00
2,145,000.00
1,980,000.00
1,815,000.00
1,650,000.00
1,485,000.00
1,320,000.00
1,155,000.00
990,000.00
825,000.00
660,000.00
495,000.00
330,000.00
165,000.00
AMORTIZACIN
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
16,666,666.67
SALDO FINAL
$583,333,333
$566,666,667
$550,000,000
$533,333,333
$516,666,667
$500,000,000
$483,333,333
$466,666,667
$450,000,000
$433,333,333
$416,666,667
$400,000,000
$383,333,333
$366,666,667
$350,000,000
$333,333,333
$316,666,667
$300,000,000
$283,333,333
$266,666,667
$250,000,000
$233,333,333
$216,666,667
$200,000,000
$183,333,333
$166,666,667
$150,000,000
$133,333,333
$116,666,667
$100,000,000
$83,333,333
$66,666,667
$50,000,000
$33,333,333
$16,666,667
-$0
60,390,000.00
109,890,000.00
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
600,000,000.00
569,938,334.60
539,515,929.21
508,728,454.96
477,571,531.02
446,040,723.99
414,131,547.28
381,839,460.45
349,159,868.57
316,088,121.59
282,619,513.65
248,749,282.41
214,472,608.40
179,784,614.30
144,680,364.27
109,154,863.24
73,203,056.20
36,819,827.47
$600,000,000
1.20%
18
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
CUOTA
$37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
37,261,665.40
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
INTERESES
7,200,000.00
6,839,260.02
6,474,191.15
6,104,741.46
5,730,858.37
5,352,488.69
4,969,578.57
4,582,073.53
4,189,918.42
3,793,057.46
3,391,434.16
2,984,991.39
2,573,671.30
2,157,415.37
1,736,164.37
1,309,858.36
878,436.67
441,837.93
61,612,593.21
70,709,977.22
GO A CUOTA FIJA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
30,061,665.40
30,422,405.39
30,787,474.25
31,156,923.94
31,530,807.03
31,909,176.71
32,292,086.83
32,679,591.88
33,071,746.98
33,468,607.94
33,870,231.24
34,276,674.01
34,687,994.10
35,104,250.03
35,525,501.03
35,951,807.04
36,383,228.73
36,819,827.47
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
569,938,334.60
539,515,929.21
508,728,454.96
477,571,531.02
446,040,723.99
414,131,547.28
381,839,460.45
349,159,868.57
316,088,121.59
282,619,513.65
248,749,282.41
214,472,608.40
179,784,614.30
144,680,364.27
109,154,863.24
73,203,056.20
36,819,827.47
-
ba Snchez
tica Financiera
bierta y a Distancia UNAD
PERIODO
$600,000,000
1.28%
24
SALDO INICIAL
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$600,000,000
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
578,485,281.54
556,695,174.68
534,626,154.45
512,274,650.77
489,637,047.84
466,709,683.59
443,488,849.08
419,970,787.88
396,151,695.51
372,027,718.75
347,594,955.09
322,849,452.05
297,787,206.57
272,404,164.36
246,696,219.20
220,659,212.34
194,288,931.80
167,581,111.67
140,531,431.43
113,135,515.29
85,388,931.43
57,287,191.29
28,825,748.88
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
29,194,718.46
INTERESES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,680,000.00
7,404,611.60
7,125,698.24
6,843,214.78
6,557,115.53
6,267,354.21
5,973,883.95
5,676,657.27
5,375,626.08
5,070,741.70
4,761,954.80
4,449,215.43
4,132,472.99
3,811,676.24
3,486,773.30
3,157,711.61
2,824,437.92
2,486,898.33
2,145,038.23
1,798,802.32
1,448,134.60
1,092,978.32
733,276.05
368,969.59
PERIODO DE GRACIA
PERIODOS TOTALES
AMORTIZACIN
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
21,514,718.46
21,790,106.86
22,069,020.23
22,351,503.68
22,637,602.93
22,927,364.25
23,220,834.51
23,518,061.19
23,819,092.38
24,123,976.76
24,432,763.66
24,745,503.04
25,062,245.48
25,383,042.22
25,707,945.16
26,037,006.86
26,370,280.54
26,707,820.13
27,049,680.23
27,395,916.14
27,746,583.87
28,101,740.14
28,461,442.41
28,825,748.88
SALDO FINAL
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$600,000,000
$578,485,282
$556,695,175
$534,626,154
$512,274,651
$489,637,048
$466,709,684
$443,488,849
$419,970,788
$396,151,696
$372,027,719
$347,594,955
$322,849,452
$297,787,207
$272,404,164
$246,696,219
$220,659,212
$194,288,932
$167,581,112
$140,531,431
$113,135,515
$85,388,931
$57,287,191
$28,825,749
-$0
92,160,000.00
192,833,243.08
PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
SALDO INICIAL
$
600,000,000.00
$
607,800,000.00
$
615,701,400.00
$
623,705,518.20
$
631,813,689.94
$
640,027,267.91
$
648,347,622.39
$
598,073,660.02
$
547,146,136.14
$
495,556,554.45
$
443,296,308.20
$
390,356,678.75
$
336,728,834.11
$
282,403,827.50
$
227,372,595.80
$
171,625,958.08
$
115,154,614.08
$
57,949,142.60
$600,000,000
1.30%
12
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
INTERESES
7,800,000.00
7,901,400.00
8,004,118.20
8,108,171.74
8,213,577.97
8,320,354.48
8,428,519.09
7,774,957.58
7,112,899.77
6,442,235.21
5,762,852.01
5,074,636.82
4,377,474.84
3,671,249.76
2,955,843.75
2,231,137.46
1,497,009.98
753,338.85
88,943,722.87
104,429,777.51
AMORTIZACIN
-$
7,800,000.00
-$
7,901,400.00
-$
8,004,118.20
-$
8,108,171.74
-$
8,213,577.97
-$
8,320,354.48
$
50,273,962.37
$
50,927,523.88
$
51,589,581.69
$
52,260,246.25
$
52,939,629.45
$
53,627,844.64
$
54,325,006.62
$
55,031,231.70
$
55,746,637.71
$
56,471,344.00
$
57,205,471.48
$
57,949,142.60
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
607,800,000.00
615,701,400.00
623,705,518.20
631,813,689.94
640,027,267.91
648,347,622.39
598,073,660.02
547,146,136.14
495,556,554.45
443,296,308.20
390,356,678.75
336,728,834.11
282,403,827.50
227,372,595.80
171,625,958.08
115,154,614.08
57,949,142.60
-
6
18 Autora: Doris Amalia Alba Snchez
648,347,622.39 Directora curso Matemtica Financiera
Universidad Nacional Abierta y a Distanci
2015
INCREMENTO
$6,750,000,000
$3,240,000,000
$3,037,500,000 $
486,000,000.00
$3,712,500,000
$556,874,000
$122,512,280
$3,155,626,000
60,390,000.00
$
$
$
3,095,236,000.00
1,052,380,240.00
2,042,855,760.00
al
$
$
$
$
60,390,000.00
5,849,236,000.00
1,462,309,000.00
4,386,927,000.00
ba Snchez
tica Financiera
bierta y a Distancia UNAD
2015
$6,750,000,000
Costo de ventas
$3,037,500,000
Utilidad bruta
$3,712,500,000
Gastos operacionales
$556,874,000
Utilidad operacional
$3,155,626,000
61,612,593.21
$3,094,013,406.79
Impuestos
$1,051,964,558.31
Utilidad neta
$2,042,048,848.48
$3,240,000,000
$9,990,000,000
$486,000,000
$3,523,500,000
$6,466,500,000
$122,512,280
$556,874,000
$5,909,626,000
61,612,593.21
$5,848,013,407
$1,462,003,352
$4,386,010,055
2015
$
$
$
$
$
6,750,000,000.00
3,037,500,000.00
3,712,500,000.00
556,874,000.00
3,155,626,000.00
$
$
$
$
92,160,000.00
3,063,466,000.00
1,041,578,440.00
2,021,887,560.00
INCREMENTO
$3,240,000,000.00 $
$486,000,000.00 $
$
122,512,280.00 $
$
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
556,874,000.00
5,909,626,000.00
$
$
$
$
92,160,000.00
5,817,466,000.00
1,454,366,500.00
4,363,099,500.00
2015
$
$
$
$
$
6,750,000,000.00 $
3,037,500,000.00 $
3,712,500,000.00
556,874,000.00 $
3,155,626,000.00
88,943,722.87
$
$
$
3,066,682,277.13
1,042,671,974.22
2,024,010,302.91
INCREMENTO
3,240,000,000.00
486,000,000.00
122,512,280.00
uerto
ESTADO DE RESULTADOS AJUSTADO
$
$
$
$
$
$
$
$
$
9,990,000,000.00
3,523,500,000.00
6,466,500,000.00
556,874,000.00
5,909,626,000.00
88,943,722.87
5,820,682,277.13
1,455,170,569.28
4,365,511,707.85
, resultados obtenidos en la tabla de amortizaciones y utilidad neta que arroja cada estado de re
ciacin ofrecida por las entidades crediticias a la compaa, para desarrollar su proyecto de amp
ortizacin fija a capital porque se logra mayor utilidad neta que el resto de las opciones de financiacin.
a para el primer ao, si decidiera escoger la modalidad de crdito Amortizacin fija a capital, a
El incremento de las ventas representado por el 45% es bastante significativo para que las utili
otales, si la compaa optara por financiar su proyecto bajo la modalidad de crdito Amortizaci
la compaa y proyecciones esperadas, construya el Flujo de fondos de la compaa para los cinco aos pro
nes de financiacin.
acin fija a capital, a partir de que su incremento en ventas sea del 45% de las ventas al 31 de
tivo para que las utilidades se aumenten en un 49,91% en relacin al ao 2015
crdito Amortizacin pago cuota fija, a partir de que la tasa de inters efectiva mensual ofrec
para los cinco aos propuestos, debe desarrollar cuatro (4) flujos de fondos para cada uno de los casos prop
respuesta.
% de las ventas al 31 de diciembre de 2015 y que su incremento del costo de ventas sea del 20%
s efectiva mensual ofrecida por la entidad crediticia sea del 1,15 % a un plazo de 24 meses? Es
a cada uno de los casos propuestos, para lo cual deben utilizar el simulador disponible en el entorno de apren
sto de ventas sea del 20% y del 23 % en sus gastos operacionales? Argumente su respuesta.
n plazo de 24 meses? Esta nueva opcin de crdito ofrecida por la entidad crediticia, represent
onible en el entorno de aprendizaje practico, los indicadores financieros VPN, TIR y RB/C se estiman de mane
mente su respuesta.
dad crediticia, representara para la compaa una mejor opcin o no, respecto de la oferta de c
y RB/C se estiman de manera automtica una vez usted ingrese los datos del flujo de fondos.
su respuesta.
Caso 1
Caso 2
Caso 3
Caso 4
Ao 1: 1.173.000,00 Ao 2:
1.231.650,00 Ao 3:
1.354.815,00 Ao 4:
1.558.037,25 Ao 5:
1.838.483,96
Precio Unitario
Costo Unitario
Ao 1: 6.725
Ao 2:
Ao 1: 2.467
6.859
Ao 2: 2.504
Ao 3:
Ao 3: 2.566
7.133
Ao 4:
Ao 4:
2.682
7.561
Ao 5: 2.816
Ao 5:
8.166
Ao 1: 1.173.000,00 Ao 2:
1.208.190,00 Ao 3:
1.268.599,50 Ao 4:
1.357.401,47 Ao 5:
1.479.567,60
Ao 1: 6.725
Ao 2:
Ao 1: 2.467
6.792
Ao 2: 2.516
Ao 3:
Ao 3: 2.579
6.928
Ao 4:
Ao 4:
2.656
7.101
Ao 5: 2.762
Ao 5:
7.314
Ao 1: 1.173.000,00 Ao 2:
1.219.920,00 Ao 3:
1.305.314,40 Ao 4:
1.409.739,55 Ao 5:
1.550.713,51
Ao 1: 6.725
Ao 2: Ao 1: 2.467
6.994
Ao 2: 2.565
Ao 3: 7.343
Ao 3: 2.706
Ao 4:
Ao 4: 7.784
2.869
Ao Ao 5: 3.070
5: 8.329
Ao 1: 1.173.000,00 Ao 2:
1.255.110,00 Ao 3:
1.355,518,80 Ao 4:
1.477.515,20 Ao 5:
1.640.042,20
Ao 1: 6.725
Ao 2: Ao 1: 2.467
6.994
Ao 2: 2.615
Ao 3: 7.483
Ao 3: 2.824
Ao 4:
Ao 4: 8.082
3.078
Ao Ao 5: 3.386
5: 8.809
TIR
RB/C
TASA
DESCUENTO
23,839,312,547.27
821.30%
40.73
10%
19,351,202,005.63
816.56%
33.25
12%
20,196,701,233.24
803%
34.7
12%
20,892,981,470.81
2372%
105.46
13%
CONCLUSIONES
Con la realizacin de este trabajo colaborativo de las unidades 1 y 2 pudimos desarrollar Unidad 1:
El inters, el crdito y sus implicaciones en la utilidad empresarial, Unidad 2: Evaluacin de alternativas de
inversin con el apoyo de hojas de clculo y simuladores como herramienta para la toma de decisiones
empresariales efectivas.
BIBLIOGRAFIA
Alba
Snchez,
Doris
Amalia,
2014.
Compilacin
Conceptos
http://datateca.unad.edu.co/contenidos/102007/CONCEPTOS_BASICOS_DE_MATEMATI CA_FINANCIERA1
Serrano Rodrguez, Javier. Matemticas financieras y evaluacin de proyectos (2a. ed.). Resumen
Serrano Rodrguez, Javier. Matemticas financieras y evaluacin de proyectos (2a. ed.). Indicadores para m
ProQuest ebrary. Web. 13 June 2015, Recuperado de http://datateca.unad.edu.co/contenidos/102007/2015- 2/Indic
Snchez, Doris Amalia 2014. Tips para la construccin de flujo de fondos. Primera Edicin, Recup