Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2. Con base a lo desarrollado por cada participante en la Actividad 3 Trabajo individual unidad 1 y 2, cada uno
siguientes modificaciones al ejercicio planteado inicialmente, con la siguiente informacin
MONTO PRESTAMO
TASA INTERS
SOLICITADO
EFECTIVA ANUAL
AMORITZACIN FIJA A
CAPITAL
$700,000,000
1.0%
$700,000,000
1.2%
$700,000,000
1.3%
$700,000,000
1.3%
EJERCICIO
ndividual unidad 1 y 2, cada uno de los integrantes del grupo colaborativo debe plantear las
informacin
DE OFERTA CREDITICIA
PLAZO (MESES)
PERIODO DE GRACIA
PERIODO MUERTO
36
N.A
N.A
18
N.A
N.A
24
12
N.A
12
N.A
2015
$6,750,000,000
$3,037,500,000
$3,712,500,000
$556,874,000
$3,155,626,000
a de amortizacin)
$353,624,035
a de amortizacin)
$353,624,035
$700,500,491
$2,101,501,473
PERIODO
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
0
SALDO INICIAL
$700,000,000
$680,555,556
$661,111,111
$641,666,667
$622,222,222
$602,777,778
$583,333,333
$563,888,889
$544,444,444
$525,000,000
$505,555,556
$486,111,111
$466,666,667
$447,222,222
$427,777,778
$408,333,333
$388,888,889
$369,444,444
$350,000,000
$330,555,556
$311,111,111
$291,666,667
$272,222,222
$252,777,778
$233,333,333
$213,888,889
$194,444,444
$175,000,000
$155,555,556
$136,111,111
$116,666,667
$97,222,222
$77,777,778
$58,333,333
$38,888,889
$19,444,444
$0
CUOTA
$26,374,444
$26,181,944
$25,989,444
$25,796,944
$25,604,444
$25,411,944
$25,219,444
$25,026,944
$24,834,444
$24,641,944
$24,449,444
$24,256,944
$24,064,444
$23,871,944
$23,679,444
$23,486,944
$23,294,444
$23,101,944
$22,909,444
$22,716,944
$22,524,444
$22,331,944
$22,139,444
$21,946,944
$21,754,444
$21,561,944
$21,369,444
$21,176,944
$20,984,444
$20,791,944
$20,599,444
$20,406,944
$20,214,444
$20,021,944
$19,829,444
$19,636,944
$0
700,000,000
1.0%
36
INTERESES
$6,930,000
$6,737,500
$6,545,000
$6,352,500
$6,160,000
$5,967,500
$5,775,000
$5,582,500
$5,390,000
$5,197,500
$5,005,000
$4,812,500
$4,620,000
$4,427,500
$4,235,000
$4,042,500
$3,850,000
$3,657,500
$3,465,000
$3,272,500
$3,080,000
$2,887,500
$2,695,000
$2,502,500
$2,310,000
$2,117,500
$1,925,000
$1,732,500
$1,540,000
$1,347,500
$1,155,000
$962,500
$770,000
$577,500
$385,000
$192,500
$0
SUMATORIA INTERESES
PRIMER AO
$70,455,000
SUMATORIA INTERESES
TOTALES
$70,455,000
AMORTIZACIN
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$19,444,444
$0
SALDO FINAL
$680,555,556
$661,111,111
$641,666,667
$622,222,222
$602,777,778
$583,333,333
$563,888,889
$544,444,444
$525,000,000
$505,555,556
$486,111,111
$466,666,667
$447,222,222
$427,777,778
$408,333,333
$388,888,889
$369,444,444
$350,000,000
$330,555,556
$311,111,111
$291,666,667
$272,222,222
$252,777,778
$233,333,333
$213,888,889
$194,444,444
$175,000,000
$155,555,556
$136,111,111
$116,666,667
$97,222,222
$77,777,778
$58,333,333
$38,888,889
$19,444,444
$0
$0
CUOTA DECRECIENTE
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$192,500
$19,636,944
$0
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
700,000,000
664,928,057
629,435,251
593,516,531
557,166,786
520,380,845
483,153,472
445,479,371
407,353,180
368,769,475
329,722,766
290,207,496
250,218,043
209,748,717
168,793,758
127,347,340
85,403,566
42,956,465
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
700,000,000
1.2%
18
INTERESES
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
43,471,943
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
8,400,000
7,979,137
7,553,223
7,122,198
6,686,001
6,244,570
5,797,842
5,345,752
4,888,238
4,425,234
3,956,673
3,482,490
3,002,617
2,516,985
2,025,525
1,528,168
1,024,843
515,478
SUMATORIA INTERESES
PRIMER AO
71,881,359
SUMATORIA INTERESES
TOTALES
82,494,973
Cuota Fija
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
35,071,943
35,492,806
35,918,720
36,349,745
36,785,942
37,227,373
37,674,101
38,126,191
38,583,705
39,046,709
39,515,270
39,989,453
40,469,326
40,954,958
41,446,418
41,943,775
42,447,100
42,956,465
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-$
SALDO FINAL
664,928,057
629,435,251
593,516,531
557,166,786
520,380,845
483,153,472
445,479,371
407,353,180
368,769,475
329,722,766
290,207,496
250,218,043
209,748,717
168,793,758
127,347,340
85,403,566
42,956,465
0
PERIODO
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
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
674,899,495
649,477,704
623,730,514
597,653,759
571,243,222
544,494,631
517,403,657
489,965,919
462,176,978
434,032,339
405,527,448
376,657,694
347,418,408
317,804,858
287,812,256
257,435,748
226,670,420
195,511,297
163,953,337
131,991,435
99,620,420
66,835,057
33,630,040
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
34,060,505
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
700,000,000
1.3%
24
INTERESES
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,960,000
8,638,714
8,313,315
7,983,751
7,649,968
7,311,913
6,969,531
6,622,767
6,271,564
5,915,865
5,555,614
5,190,751
4,821,218
4,446,956
4,067,902
3,683,997
3,295,178
2,901,381
2,502,545
2,098,603
1,689,490
1,275,141
855,489
430,465
SUMATORIA INTERESES
PRIMER AO
107,520,000
SUMATORIA INTERESES
TOTALES
216,120,385
12
36
AMORTIZACIN
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
25,100,505
25,421,791
25,747,190
26,076,754
26,410,537
26,748,592
27,090,974
27,437,738
27,788,941
28,144,640
28,504,891
28,869,754
29,239,286
29,613,549
29,992,603
30,376,508
30,765,327
31,159,123
31,557,960
31,961,902
32,371,015
32,785,363
33,205,016
33,630,040
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
700,000,000
674,899,495
649,477,704
623,730,514
597,653,759
571,243,222
544,494,631
517,403,657
489,965,919
462,176,978
434,032,339
405,527,448
376,657,694
347,418,408
317,804,858
287,812,256
257,435,748
226,670,420
195,511,297
163,953,337
131,991,435
99,620,420
66,835,057
33,630,040
0
PERIODO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO INICIAL
700,000,000
709,100,000
718,318,300
727,656,438
737,115,972
746,698,479
756,405,559
697,752,603
638,337,159
578,149,314
517,179,026
455,416,125
392,850,306
329,471,132
265,268,028
200,230,284
134,347,050
67,607,333
CUOTA
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
68,486,228
SUMATORIA INTERESES
PRIMER AO
SUMATORIA INTERESES
TOTALES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
INTERESES
9,100,000
9,218,300
9,338,138
9,459,534
9,582,508
9,707,080
9,833,272
9,070,784
8,298,383
7,515,941
6,723,327
5,920,410
5,107,054
4,283,125
3,448,484
2,602,994
1,746,512
878,895
103,767,676.68
121,834,740.42
-$
-$
-$
-$
-$
-$
$
$
$
$
$
$
$
$
$
$
$
$
AMORTIZACIN
9,100,000
9,218,300
9,338,138
9,459,534
9,582,508
9,707,080
58,652,956
59,415,445
60,187,845
60,970,287
61,762,901
62,565,819
63,379,174
64,203,104
65,037,744
65,883,235
66,739,717
67,607,333
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SALDO FINAL
709,100,000
718,318,300
727,656,438
737,115,972
746,698,479
756,405,559
697,752,603
638,337,159
578,149,314
517,179,026
455,416,125
392,850,306
329,471,132
265,268,028
200,230,284
134,347,050
67,607,333
0
6
18
$756,405,559.45
CUENTA
Ingresos por Ventas
Costo de ventas
Utilidad bruta
Gastos operacionales
Utilidad operacional
2015
$
$
$
$
$
6,750,000,000
3,037,500,000
3,712,500,000
556,874,000
3,155,626,000
$
$
$
353,624,035.43
2,802,001,965
700,500,491
2,101,501,473
Estado de resultados
ESTADO DE RESULTADOS AJUSTADO
FIJA A CAPITAL
$
$
$
INCREMENTO
3,510,000,000.00 $
607,500,000.00 $
$
139,218,500 $
$
10,260,000,000
3,645,000,000
6,615,000,000
696,092,500
5,918,907,500
70,455,000
$
$
$
5,848,452,500
1,462,113,125
4,386,339,375
ultados
ESTADO DE RESULTADOS AJUSTADO
AMORTIZACIN CUOTA FIJA
$
$
$
$
$
$
$
$
$
$
10,260,000,000
3,645,000,000
6,615,000,000
696,092,500
5,918,907,500
71,881,359 $
107,520,000
$
$
$
5,847,026,141 $
1,461,756,535 $
4,385,269,606 $
5,811,387,500
1,452,846,875
4,358,540,625
10,260,000,000
3,645,000,000
6,615,000,000
696,092,500
5,918,907,500
10,260,000,000
3,645,000,000
6,615,000,000
696,092,500
5,918,907,500
103,767,677
$
$
$
5,815,139,823
1,453,784,956
4,361,354,867
ba Snchez
tica Financiera
bierta y a Distancia UNAD
TABLA RESUM
Nombres y apellidos integrante del grupo (Diligencie en el cuadro
siguiente el nombre completo de quien comparte la tabla)
MONTO SOLICITADO
TASA INTERES
EFECTIVA
MENSUAL
PERIODO DE
GRACIA
PERIODO
MUERTO
AMORTIZACION FIJA A
$
CAPITAL
700,000,000
1.0%
AMORTIZACION PAGO
$
CUOTA FIJA
700,000,000
1.2%
700,000,000
1.3%
12
700,000,000
1.3%
TOTAL
PERIODOS
36
18
36
18
CUOTA MENSUAL
INTERESES TOTALES
Inicia
26,374,444
Termina
19,636,944
Inicia
43,471,943
Termina
43,471,943
Inicia
8,960,000
Termina
34,060,505
Inicia
Termina
68,486,228
INTERESES PRIMER
AO
70,455,000 $
70,455,000
82,494,973 $
71,881,359
216,120,385 $
107,520,000
121,834,740 $
103,767,677
IMPUESTOS
UTILIDAD
1,462,113,125 $
4,386,339,375
1,461,756,535 $
4,385,269,606
1,452,846,875 $
4,358,540,625
1,453,784,956 $
4,361,354,867
FLUJO D
CA
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Esperado
$
$
$
$
1,173,000
6,725
2,467
$117,956,000
7,950,000
500,000,000
0.100
Rubros
Ingresos
0
$
Ventas
Valor residual
Egresos
500,000,000
Costo fijo
Costo variable
Inversin
500,000,000
-$
500,000,000
Flujo Neto
Indicadores de evaluacin
VAN
TIR
RB/C=
18,139,728,094
981%
37.28
FLUJO DE FONDOS
CASO 1
AO 1
$
$
AO 2
1,173,000
6,725 $
2,467 $
AO 3
1,231,650
6,860 $
2,504 $
1,108,485
6,585
2,567
0.1 %
1
7,888,425,000 $
8,448,503,175 $
7,299,506,743
7,888,425,000 $
8,448,503,175 $
7,299,506,743
3,011,747,000 $
3,213,809,358 $
2,987,770,042
$
$
117,956,000 $
2,893,791,000 $
129,751,600 $
3,084,057,758 $
142,726,760
2,845,043,282
4,876,678,000 $
5,234,693,817 $
4,311,736,701
AO 4
$
$
AO 5
1,274,758
6,980 $
2,682 $
1,045,301
6,422
2,810
8,898,098,720 $
7,896,375,000
8,898,098,720 $
$
6,712,725,674
7,950,000
3,576,030,200 $
3,055,705,017
$
$
156,999,436 $
3,419,030,764 $
117,956,000
2,937,749,017
5,322,068,520 $
4,840,669,983
FLUJO D
CA
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Esperado
$
$
$
$
1,173,000
6,725
2,467
$117,956,000
7,950,000
500,000,000
0.115
Rubros
Ingresos
0
$
Ventas
Valor residual
Egresos
500,000,000
Costo fijo
Costo variable
Inversin
500,000,000
-$
500,000,000
Flujo Neto
Indicadores de evaluacin
VAN
TIR
RB/C=
16,986,065,673.98
977%
34.97
FLUJO DE FONDOS
CASO 2
AO 1
$
$
AO 2
1,173,000
6,725 $
2,467 $
AO 3
1,208,190
6,792 $
2,516 $
1,147,781
6,656
2,579
12 %
1
7,888,425,000 $
8,206,328,528 $
7,640,091,859
7,888,425,000 $
8,206,328,528 $
7,640,091,859
3,011,747,000 $
3,169,968,425 $
3,303,137,893
$
$
117,956,000 $
2,893,791,000 $
129,751,600 $
3,040,216,825 $
$
142,726,760
2,960,411,133
200,000,000
4,876,678,000 $
5,036,360,103 $
4,336,953,966
AO 4
$
$
AO 5
1,228,125
6,823 $
2,657 $
1,117,594
6,618
2,760
8,379,270,746 $
7,896,375,000
8,379,270,746 $
$
7,396,382,288
7,950,000
3,419,668,546 $
3,202,286,983
$
$
156,999,436 $
3,262,669,110 $
117,956,000
3,084,330,983
4,959,602,201 $
4,694,088,017
FLUJO D
CA
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Esperado
$
$
$
$
1,173,000
6,725
2,467
$117,956,000
7,950,000
500,000,000
0.120
Rubros
Ingresos
0
$
Ventas
Valor residual
Egresos
500,000,000
Costo fijo
Costo variable
Inversin
500,000,000
-$
500,000,000
Flujo Neto
Indicadores de evaluacin
VAN
TIR
RB/C=
15,891,169,804.19
940%
32.78
FLUJO DE FONDOS
CASO 3
AO 1
$
$
AO 2
1,173,000
6,725 $
2,467 $
AO 3
1,219,920
6,994 $
2,566 $
1,134,526
6,644
2,694
12.0 %
1
7,888,425,000 $
8,532,120,480 $
7,538,128,444
7,888,425,000 $
8,532,120,480 $
7,538,128,444
3,211,747,000 $
3,509,675,946 $
3,549,097,883
$
$
$
117,956,000 $
2,893,791,000 $
200,000,000 $
129,751,600 $
3,129,924,346 $
250,000,000 $
142,726,760
3,056,371,123
350,000,000
4,676,678,000 $
5,022,444,534 $
3,989,030,561
AO 4
$
$
AO 5
1,225,288
7,043 $
2,856 $
1,102,759
6,550
3,044
8,629,649,443 $
7,896,375,000
8,629,649,443 $
$
7,223,016,584
7,950,000
3,855,933,098 $
3,774,951,787
$
$
$
156,999,436 $
3,498,933,662 $
200,000,000 $
117,956,000
3,356,995,787
300,000,000
4,773,716,345 $
4,121,423,213
FLUJO D
CA
Datos
Volumen de ventas en unidades
Precio Unitario
Costo Unitario
Costo fijo
Valor residual
Inversin
Tasa de descuento
Esperado
$
$
$
$
1,173,000
6,725
2,467
$117,956,000
7,950,000
500,000,000
0.130
Rubros
Ingresos
0
$
Ventas
Valor residual
Egresos
500,000,000
Costo fijo
Costo variable
Inversin
500,000,000
-$
500,000,000
Flujo Neto
Indicadores de evaluacin
VAN
TIR
RB/C=
15,775,941,989.13
982%
32.55
FLUJO DE FONDOS
CASO 4
AO 1
$
$
AO 2
1,173,000
6,725 $
2,467 $
AO 3
1,255,110
6,994 $
2,615 $
1,154,701
6,504
2,824
13.0 %
1
7,888,425,000 $
8,778,239,340 $
7,510,661,579
7,888,425,000 $
8,778,239,340 $
7,510,661,579
3,011,747,000 $
3,411,889,352 $
3,403,858,831
$
$
117,956,000 $
2,893,791,000 $
129,751,600 $
3,282,137,752 $
142,726,760
3,261,132,071
4,876,678,000 $
5,366,349,988 $
4,106,802,749
AO 4
$
$
AO 5
1,258,624
7,025 $
3,078 $
1,120,176
6,393
3,361
8,841,550,811 $
7,896,375,000
8,841,550,811 $
$
7,160,772,002
7,950,000
4,031,550,449 $
4,282,668,824
$
$
156,999,436 $
3,874,551,013 $
$
117,956,000
3,764,712,824
400,000,000
4,810,000,362 $
3,613,706,176
Volumen de ventas en
unidades
CASOS
Caso 1
Caso 2
Caso 3
Caso 4
Precio Unitario
Ao 1
1,173,000 $
6,725
Ao 2
1,231,650 $
6,860
Ao 3
1,108,485 $
6,585
Ao 4
1,274,758 $
6,980
Ao 1
1,173,000 $
6,725
Ao 2
1,208,190 $
6,792
Ao 3
1,147,781 $
6,656
Ao 4
1,228,125 $
6,823
Ao 1
1,173,000 $
6,725
Ao 2
1,219,920 $
6,994
Ao 3
1,134,526 $
6,644
Ao 4
1,225,288 $
7,043
Ao 1
1,173,000 $
6,725
Ao 2
1,255,110 $
6,994
Ao 3
1,154,701 $
6,504
Ao 4
1,258,624 $
7,025
Costo Unitario
2,467
2,504
2,567
2,682
2,467
2,516
2,579
2,657
2,467
2,516
2,579
2,657
2,467
2,615
2,824
3,078
VAN
TIR
RB/C
TASA DESCUENTO
18,139,728,094
981%
37.28
10.0%
16,986,065,674
977%
34.97
12%
15,891,169,804
940%
32.78
12.0%
15,775,941,989
982%
32.6
13%