Desarrollo de Exanen

F=?
F=P+I
F =100 + 50
P= 100.00
I= 50.00
F= 150.00
I=?
I = F -I
I =300 - 200
F= 300.00
P= 200.00
I= 100.00
P=?
P=F-I
P =8000 - 500
F= 8000.00
I= 500.00
P= 7,500.00
0.26824179
CALCULADORA FINANCIER
S.1 F=? P=?

F=P+I
F =10000 + 500
P= S/. 10,000.00 F=
I= S/. 500.00 I=
F= S/. 10,500.00 P=
S.2 I=? P=?

I=P*i
F =10000 * 0,05
P= S/. 10,000.00 I=
i= 5.0000% i=
I= S/. 500.00 P=
S.3 I=? P=
I=P*i *n
I=10000 * 0,05 * 5
P= 10 000.00 I=
i= 5.0000% I=
n= 5.00 n=
I= 2 500.00 P=
S.4 F=? P=?

F =P (1 + i *n )
F=10000 * ( 1 + 0,05 * 5)
P= S/. 10,000.00 F=
i= 5.0000% i=
n= 5.00 n=
F= S/. 12,500.00 P=
CALCULADORA FINANCIERA DE INTERS SIMPLE
I=?
P=F-I I = F -P
P =12000 - 2000 I =12000 - 10000
S/. 12,000.00 F= S/. 12,000.00
S/. 2,000.00 P= S/. 10,000.00
S/. 10,000.00 I= S/. 2,000.00
i=?
P=I/i i=I/P
P =500 / 0,05 P =500 / 10000
S/. 500.00 I= S/. 500.00
5.0000% P= S/. 10,000.00
S/. 10,000.00 i= 5.0000%
i=? n=?
P=I/(i*n) i=I/(P*n)
I=2500 / ( 0,05 * 5) i=2500 /( 10000 * 5)
2 500.00 I= 2 500.00 I=
5.0000% P= 10 000.00 P=
5.00 n= 5.00 i=
10 000.00 I= 5.0000% n =
i=? n=?
P=F/(1+i*n ) i = ( F / P - 1) / n
P=12500 / ( 0,05 * 5) i= (12500 / 10000 - 1) / 5
S/. 12,500.00 P= S/. 10,000.00 P=
5.0000% F= S/. 12,500.00 F=
5.00 n= 5.00 i=
S/. 10,000.00 i= 5.0000% n=
n=I/(P*i)
n=2500 / ( 10000 * 0,05)
2 500.00
10 000.00
5.0000%
5.00
n=(F/P-1)/i
n= (12500 / 10000 -1) / 0,05
S/. 10,000.00
S/. 12,500.00
5.0000%
5.00
1
3 4 7
2
3 1 2
3
3 9
4
9 3
5.
27 3
6
3 5 2 8 4 11
7
3 5 2 4 2 3
8
3 5 2 4 2 3
9
1,000 1 0.04 4 12 1013.33
10
0.05 1 0.05 4 1 0.05
11
100 1 0.04 12 1 0.04
12
23 0.08 1 0.08 103 1
13
3 3 2 3 3.375
14
8 2 3 262144
15
8 2 0.015625
16
3 12 1 4 27
17
1.05 1 3 1.05 6 1.362068327
18
1 0.25 2 6 2 1
19
2000 0.04 1 0.04 8 1
20.
500 0.05 1 0.05 6 1
16 24
2 16 3.36
4 1 0.282011833
12 1750.48
0.04 2 1 0.23795926
0.25 3 8 0.000022301
0.04 8 1 297.06
0.05 1 0.05 6 6 1 0.05

6 5984
1
100 4.605170186 56
2
4.605170186 100 4.025351691
3
1 2.718281828
11
DATO VALOR
1 2,670
2 45,765
3 12,678
4 890,765
5 79,654
SUMA 1031532
12
DATO VALOR
1 2,670
2 45,765
3 12,678
4 890,765
5 79,654
Promedio 206,306.40
13
Ao 2014
Impuesto 30%
ESTADO DE RESULTADOS
Ingresos 6,000.00
Egresos 5,000.00
Utilidad antes de impuesto 1,000.00
Impuesto de 30% 300.00
utilidad / prdida 700.00
Los ingresos son mayores que los egresos.

La empresa paga impuestos.
La empresa obtiene utilidades
La empresa en el ao 2014 resgistr ingresos de S/ 6000, egresos de S/ 5000 y un resultado de

4.025351691 1200 7.090076836 1200000 13.99783211
56 7.090076836 1200 13.99783211 1200000

esos de S/ 5000 y un resultado despus de impuestos de S/ 700
A) B)
A= 1000 P= S/5000
0 1 2 3 0 1 2 3 4 5 0
P= S/3000
D) F = 180000
i = 6%
0 1 2 3 4 5 100
P=?
G) F5 = 5000
F4 = 4000
F3 = 3000
F2 = 2000
F1 = 1000
0 1 2 3 4 5
i = 4%
P=?
H)
P=? i = 4% F5 = 10000
F4 = 8000
F3 = 6000
F2 = 4000
F1 = 2000
0 1 2 3 4 5
F1 = 1000
F2 = 2000
F3 = 3000
F4 = 4000
F5 = 5000
C)
P= S/5000 P= S/ 10000
i=?
i=5%
0 1 2 3 4 5 6 0 1 2 3 5
A= S/ 900 A A
E)
P= ?
i = 40% / 2 = 20%
6 0 1 2 3 4 5 6 7 0
A F = 35000 F= 40000 F = 50000 F = 55000

F)
F=?
i = 12%
0 1 2 3 4 5
A = 10000
F=? I=?
F= P + I I=F-P
F = 100 + 50 I = 300 - 200
P= 100.00 F= 300.00
I= 50.00 P= 200.00
F= 150.00 I= 100.00
a)
0
1
0
b)
1 I=?
I=F-P
I = 1250 - 1000
F= 1,250.00
P= 1,000.00
I= 250.00
2
a) I=? b)
I=P*i
I = 1850 * 0,3
P= 1,850.00
i= 30.0000%
I= 555.00
3
I=? i=?
I=F-P i = I/P
I = 750 - 500 i = 250 / 500
F= 750.00 I = 250.00
P= 500.00 P= 500.00
I= 250.00 i= 50.00%
4
P=?
P = I/i
P = 7289 / 0,37
I = 7,289.00
i = 37.0000%
P= 19,700.00
5
I=?
I=F-P
I = 5560 - 5000
F= 5,560.00
P= 5,000.00
I= 560.00
6
F=?
F= P + I
F = 2000 + 400
P= 2,000.00
I= 400.00
F= 2,400.00
7
P=?
P = F- I
P = 9400 - 1200
F= 9,400.00
I= 1,200.00
P= 8,200.00
8
i=?
i = I/P
i = 1200 / 8200
I = 1,200.00
P= 8,200.00
i= 14.63%
9
P=?
P = I/i
P = 950 / 0,1
I = 950.00
i = 10.0000%
P= 9,500.00
10
I=?
I=P*i
I = 3200 * 0,15
P= 3,200.00
i= 15.0000%
I= 480.00
11
a) b)
F=? i=?
F = P(1 + i * n)
F =35000 (1 +0,05 * 2
P= 35,000.00 P=
i= 5.0000% F=
n= 2.00 n=
F= 38,500.00 i=
12
a) b)
F=? i=?
F = P(1 + i * n)
F =850 (1 +0,2 * 3
P= 850.00 P=
i= 20.0000% F=
n= 3.00 n=
F= 1,360.00 i=
13
F=?
F = P(1+i*n)
F = 95000 ( 1 + 0,45 * 2
P= 95,000.00
i= 45.0000%
n= 2.00
F= 180,500.00
14
I=?
I = P*i *n
I = 105000 * 0,3 * 1,5
P= 105,000.00
i= 30.0000%
n= 1.50
I= 47,250.00
F=?
F= P + I
F = 105000 + 47250
P= 105,000.00
I= 47,250.00
F= 152,250.00
15
i=?
i = (F/P-1)/n
P =(15600/ 20542-1)/ 1
P= 15,600.00
F= 20,542.00
n= 1.00
i= 32%
La tasa de inters simple es de0,32
16
1 Mes: 1 12 55.00% 4.58%
2MESES: 2 12 55.00% 9.17%
3MESES: 3 12 55.00% 13.75%
6MESES: 6 12 55.00% 27.50%
8MESES: 8 12 55.00% 36.67%
10MESES: 10 12 55.00% 45.83%
11MESES: 11 12 55.00% 50.42%
12MESES: 12 12 55.00% 55.00%
17
Grafica 17
P=?
P = F/(1+i*n)
P = 95000/ ( 1 + 0,12 * 12
F= 95,000.00
i= 12.0000%
n= 12.00
P= 38,934.43
18
i=?
i = (F/P-1)/n
P =(10000/ 11600-1)/ 4
P= 10,000.00
F= 11,600.00
n= 4.00
i= 4.0000%
i mensual: 4%
i anual: 4% 12 48%
19
Grafica 19
P=?
P = F/(1+i*n)
P = 210000/ ( 1 + 0,5 * 2
F= 210,000.00
i= 50.0000%
n= 2.00
P= 105,000.00
20
n=?
n = (F/P-1)/i
n =(6/ 1-1)/ 0,4
P= 1.00
F= 6.00
i= 40.0000%
n= 12.5
21
Grafica 21
F=? I=?
F = P(1+i*n)
F = 320000 ( 1 + 0,04 * 36
P= 320,000.00 F=
i= 4.0000% P=
n= 36.00 I=
F= 780,800.00
22
23
F=? F=?
F = P(1+i*n) F = P(1+i*n)
F = 2000 ( 1 + 0,04 * 2 F = 3000 ( 1 + 0,04 * 5
P= 2,000.00 P= 3,000.00
i= 3.5000% i= 3.5000%
n= 2.00 n= 5.00
F= 2,140.00 F= 3,525.00
24
a) b)
F=? P=?
F = P(1+i*n)
F = 10000 ( 1 + 0,04 * 4
P= 10,000.00 F=
i= 4.0000% i=
n= 4.00 n=
F= 11,600.00 P=
d)
F=? F=?
F = P(1+i*n) F = P(1+i*n)
F = 2000 ( 1 + 0,04 * 2 F = 3000 ( 1 + 0,04 * 5
P= 2,000.00 P= 3,000.00
i= 3.5000% i= 3.5000%
n= 2.00 n= 5.00
F= 2,140.00 F= 3,525.00
e)
F=?
F = P(1+i*n) I=?
F = 3000 ( 1 + 0,25 * 6 I=F-P
P= 3,000.00 I = 7500 - 3000
i= 25.0000% F= 7,500.00
n= 6.00 P= 3,000.00
F= 7,500.00 I= 4,500.00
f)
F=?
F = P(1+i*n)
F = 9100 ( 1 + 0,06 * 1
P= 9,100.00
i= 6.0000%
n= 1.00
F= 9,646.00
g)
F=? F=?
F = P(1+i*n) F = P(1+i*n)
F = 2000 ( 1 + 0,03 * 4 F = 2000 ( 1 + 0,03 * 5
P= 2,000.00 P= 2,000.00
i= 2.5000% i= 2.5000%
n= 4.00 n= 5.00
F= 2,200.00 F= 2,250.00
h)
F=? F=?
F = P(1+i*n) F = P(1+i*n)
F = 2000 ( 1 + 0,05 * 2 F = 3000 ( 1 + 0,05 * 5
P= 2,000.00 P= 3,000.00
i= 5.0000% i= 5.0000%
n= 2.00 n= 5.00
F= 2,200.00 F= 3,750.00
i)
F=?
F = P(1+i*n)
F = 30000 ( 1 + 0,45 * 2
P= 30,000.00
i= 45.0000%
n= 2.00
F= 57,000.00
j)
i=?
i = (F/P-1)/n
P =(14000/ 18000-1)/ 1
P= 14,000.00
F= 18,000.00
n= 1.00
i= 28.5714%
k)
P=?
P = F/(1+i*n)
P = 92000/ ( 1 + 0,14 * 12
F= 92,000.00
i= 14.0000%
n= 12.00
P= 34,328.36
l)
i=?
i = (F/P-1)/n
P =(6800/ 14100-1)/ 4
P= 6,800.00
F= 14,100.00
n= 4.00
i= 26.8382%
m)
P=?
P = F/(1+i*n)
P = 155000/ ( 1 + 0,5 * 2
F= 155,000.00
i= 50.0000%
n= 2.00
P= 77,500.00
n)
n=?
n = (F/P-1)/i
n =(9/ 1-1)/ 0,35
P= 1.00
F= 9.00
i= 35.0000%
n= 22.86
o)
F=?
F = P(1+i*n)
F = 540000 ( 1 + 0,05 * 40
P= 540,000.00
i= 5.0000%
n= 40.00
F= 1,620,000.00
p)
P=?
P = F/(1+i*n)
P = 108000/ ( 1 + 0,06 * 100
F= 108,000.00
i= 6.0000%
n= 100.00
P= 15,428.57
q)
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
P = 1000/ ( 1 + 0,04 * 1 P = 2000/ ( 1 + 0,04 * 2
F= 1,000.00 F= 2,000.00
i= 4.0000% i= 4.0000%
n= 1.00 n= 2.00
P= 961.54 P= 1,851.85
r)
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
P = 1000/ ( 1 + 0,07 * 1 P = 2000/ ( 1 + 0,07 * 2
F= 1,000.00 F= 2,000.00
i= 7.0000% i= 7.0000%
n= 1.00 n= 2.00
P= 934.58 P= 1,754.39
s)
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
P = 1000/ ( 1 + 0,04 * 1 P = 2000/ ( 1 + 0,04 * 2
F= 1,000.00 F= 2,000.00
i= 4.0000% i= 4.0000%
n= 1.00 n= 2.00
P= 961.54 P= 1,851.85
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
P = 2000/ ( 1 + 0,04 * 1 P = 4000/ ( 1 + 0,04 * 2
F= 2,000.00 F= 4,000.00
i= 4.0000% i= 4.0000%
n= 1.00 n= 2.00
P= 1,923.08 P= 3,703.70
25
a) F=? b) P=?
F = P(1+i*n)
F = 10000 ( 1 + 0,04 * 4
P= 10,000.00 F=
i= 4.0000% i=
n= 4.00 n=
F= 11,600.00 P=
26
a) F=? b)
F = P(1+i*n)
F = 25000 ( 1 + 0,11 * 12
P= 25,000.00
i= 11.0000%
n= 12.00
F= 58,000.00
29
a) I=? I=?
P= 12,000.00 I = P*i *n
i mensual = 6.0000% I = 12000 * 0 * 71
i diario = 0.2000% P= 12,000.00
n inicial = 6/5/2015 i= 0.2000%
n final = 8/15/2015 n= 71.00
n= 71.00 I= 1,704.00
I= 1,704.00
b)
F=?
F= P + I
F = 12000 + 1704
P= 12,000.00
I= 1,704.00
F= 13,704.00
30
a)
I=?
P= 10,000.00
Fechas i anual i diario n por periodo i*n

A B C = B/360 D = An-An-1 E = C*D
7/1/2015
7/20/2015 38.00% 0.11% 19.00 0.0201
9/26/2015 30.00% 0.08% 68.00 0.0567
10/15/2015 22.00% 0.06% 19.00 0.0116
Total 106.00 0.0883
b)
I=?
P= 10,000.00
Fechas i anual i diario n por periodo i*n

A B C = B/360 D = An-An-1 E = C*D
7/1/2015
7/20/2015 38.00% 0.11% 19.00 0.0201
7/31/2015 30.00% 0.08% 11.00 0.0092
8/31/2015 30.00% 0.08% 31.00 0.0258
9/26/2015 30.00% 0.08% 26.00 0.0217
10/15/2015 22.00% 0.06% 19.00 0.0116
Total 106.00
31
Saldo al 01/02/2015 3,500.00
Depositos Retiros
2/15/2015 350.00 2/11/2015 300.00
2/17/2015 250.00 2/20/2015 400.00
2/23/2015 120.00 2/27/2015 700.00
2/25/2015 600.00
2/28/2015 200.00
i mensual = 3.00%
i diario = 0.10%
Movimiento
Da D/R Importe
debe Haber
2/1/2015 Saldo 3,500.00
2/11/2015 R 300.00 300.00 0.00
2/15/2015 D 350.00 0.00 350.00
2/17/2015 D 250.00 0.00 250.00
2/20/2015 R 400.00 400.00 0.00
2/23/2015 D 120.00 0.00 120.00
2/25/2015 D 600.00 0.00 600.00
2/27/2015 R 700.00 700.00 0.00
2/28/2015 D 200.00 0.00 200.00
3/1/2015 I 98.82
32
i mensual = 3.00%
i diario = 0.10%
Movimiento
Da D/R Importe
Debe Haber
2/1/2015 Saldo 3,500.00
3/1/2015 I 98.00 0.00 98.00
F=?
F = P(1+i*n)
F = 3500 ( 1 + 0 * 28
P= 3,500.00
i= 0.1000%
n= 28.00
F= 3,598.00
33
Movimiento
Da D/R Importe
debe Haber
6/1/2014 D 2,000.00 0.00 2,000.00
6/5/2014 D 600.00 0.00 600.00
6/8/2014 R 300.00 300.00 0.00
6/10/2014 D 500.00 0.00 500.00
6/15/2014 D 400.00 0.00 400.00
6/18/2014 C 0.00 0.00 0.00
6/25/2014 R 400.00 400.00 0.00
7/1/2014 I
c) d)
0 0
e)
i=?
i = I / (P*n)
I = 250 /(1000 * 100
I= 250.00
P= 1,000.00
n= 100.00
i= 0.2500%
F=?
F= P + I
F = 1850 + 555
P= 1,850.00
I= 555.00
F= 2,405.00
i = (F/P -1)/ n
i =(15000/ 12000 - 1)/ 3
12,000.00
15,000.00
3.00
8.3333%
c) d)
F=?
i = (F/P -1)/ n F=P+I
i =(11500/ 10000 - 1)/ 3 F =1850 + 555
10,000.00 P= 1,850.00
11,500.00 I= 555.00
3.00 F= 2,405.00
5.0000%
F = P(1 + i *n)
F = 1850 ( 1 + 0,3 * 6
P= 1,850.00
i= 30.0000%
n= 6.00
F= 5,180.00
I=F-P
I = 780800 - 320000
780,800.00
320,000.00
460,800.00
F=?
F = P(1+i*n)
1 + 0,04 * 5 F = 4000 ( 1 + 0,04 * 6
P= 4,000.00
i= 3.5000%
n= 6.00
F= 4,840.00
c)
F=?
P = F/(1+i*n) F = P(1+i*n)
P = 8500/ ( 1 + 0,12 * 4 F = 9200 ( 1 + 0,2 * 3
8,500.00 P= 9,200.00
12.0000% i= 20.0000%
4.00 n= 3.00
5,743.24 F= 14,720.00
F=?
F = P(1+i*n)
1 + 0,04 * 5 F = 4000 ( 1 + 0,04 * 6
P= 4,000.00
i= 3.5000%
n= 6.00
F= 4,840.00
F=?
F = P(1+i*n)
1 + 0,03 * 5 F = 2000 ( 1 + 0,03 * 6
P= 2,000.00
i= 2.5000%
n= 6.00
F= 2,300.00
1 + 0,05 * 5
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
( 1 + 0,04 * 2 P = 3000/ ( 1 + 0,04 * 3 P = 4000/ ( 1 + 0,04 * 4
F= 3,000.00 F= 4,000.00
i= 4.0000% i= 4.0000%
n= 3.00 n= 4.00
P= 2,678.57 P= 3,448.28
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
( 1 + 0,07 * 2 P = 3000/ ( 1 + 0,07 * 3 P = 4000/ ( 1 + 0,07 * 4
F= 3,000.00 F= 4,000.00
i= 7.0000% i= 7.0000%
n= 3.00 n= 4.00
P= 2,479.34 P= 3,125.00
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
( 1 + 0,04 * 2 P = 3000/ ( 1 + 0,04 * 3 P = 4000/ ( 1 + 0,04 * 4
F= 3,000.00 F= 4,000.00
i= 4.0000% i= 4.0000%
n= 3.00 n= 4.00
P= 2,678.57 P= 3,448.28
P=? P=?
P = F/(1+i*n) P = F/(1+i*n)
( 1 + 0,04 * 2 P = 6000/ ( 1 + 0,04 * 3 P = 8000/ ( 1 + 0,04 * 4
F= 6,000.00 F= 8,000.00
i= 4.0000% i= 4.0000%
n= 3.00 n= 4.00
P= 5,357.14 P= 6,896.55
c) F=?
P = F/(1+i*n) F = P(1+i*n)
P = 8500/ ( 1 + 0,12 * 4 F = 9200 ( 1 + 0,2 * 3
8,500.00 P= 9,200.00
12.0000% i= 20.0000%
4.00 n= 3.00
5,743.24 F= 14,720.00
P=? c) F=?
P = F/(1+i*n) F = P(1+i*n)
P = 34000/ ( 1 + 0,08 * 6 F = 154000 ( 1 + 0,3 * 24
F= 34,000.00 P= 154,000.00
i= 8.0000% i= 30.0000%
n= 6.00 n= 24.00
P= 22,972.97 F= ###
I Saldos
F= Gn-1 * En G= Gn-1+ In
10,000.00
200.56 10,200.56
566.67 10,767.22
116.11 10,883.33
883.33
I Saldos
F= Gn-1 * En G= Gn-1+ In
10,000.00
200.56 10,200.56
91.67 10,292.22
258.33 10,550.56
216.67 10,767.22
116.11 10,883.33
883.33
Saldo Numerales
Das
acreedor acreedores
3,500.00 10 35000
3,200.00 4 12800
3,550.00 2 7100
3,800.00 3 11400
3,400.00 3 10200
3,520.00 2 7040
4,120.00 2 8240
3,420.00 1 3420
3,620.00 1 3620
3,718.82 28 98820
Saldo Numerales
Das
Acreedor Acreedores
3,500.00 28 98000
3,598.00 28 98000
Saldo Numerales tasa Interes

Das
acreedor acreedores Diaria (en t+1)
2,000.00 4 8000
2,600.00 3 7800
2,300.00 2 4600
2,800.00 5 14000
3,200.00 3 9600
3,200.00 7 22400
2,800.00 6 16800
30
e) f)
F=? n=?
F = P(1 + i *n) n = (F/P-1)/i
F = 8000 ( 1 + 0,05 * 1 n =(7933,34/ 7000-1)/ 0
P= 8,000.00 P= 7,000.00
i= 5.0000% F= 7,933.34
n= 1.00 i= 0.0667%
F= 8,400.00 n= 200.00
24.0000%
360
0.0667%
i anual = 24.0000%
i diario = 0.0667%
P=?
P = F/(1+i*n)
P = 5000/ ( 1 + 0,04 * 5
F= 5,000.00
i= 4.0000%
n= 5.00
P= 4,166.67
P=?
P = F/(1+i*n)
P = 5000/ ( 1 + 0,07 * 5
F= 5,000.00
i= 7.0000%
n= 5.00
P= 3,703.70
P=?
P = F/(1+i*n)
P = 5000/ ( 1 + 0,04 * 5
F= 5,000.00
i= 4.0000%
n= 5.00
P= 4,166.67
P=?
P = F/(1+i*n)
P = 10000/ ( 1 + 0,04 * 5
F= 10,000.00
i= 4.0000%
n= 5.00
P= 8,333.33
i=?
i = (F/P-1)/n
P =(120/ 127,2-1)/ 1,5
P= 120.00
F= 127.20
n= 1.50
i= 4.0000%
12) F = 11500
a) b)
F = S/. X
i = 20% i=?
0 1 ### 2 3 0 1 ### 2 3
P = S/. 850
P = 10000
P = S/. 10000 i=?
0 1 2 3 4
F = 11600
19. 20.
i = 50% F = S/. 210000 i = 40% F = S/. 6
0 1 2 0
P=? P = S/. 1
n=?
21
P = S/. 320000 i = 4%
0 1 2 3 4 36
F=?
23
F=? F=?
0 1 2 3 4 5 6
F2 = 2000
F5 = 3000 i = 3,5%
F6 = 4000
P = 9000
24
a) b)
P = 10000
i=4% i = 12%
0 1 2 3 4
F=? P=?
d)
F=? F=? F=?
0 1 2 3 4 5 6
F2 = 2000
F5 = 3000 i = 3,5%
F6 = 4000
P = 9000
e)
F=?
i = 25% I=?
0 1 2 3 4 5 6
P = 3000
f)
P = 9100
i = 6%
0 1
F=?
g) h)
F=? F=? F=?
0 1 2 3 4 5 6 0
F4 = 2000 F2 = 2000
F5 = 2000 I = 2,5% F5 = 5000
F6 = 2000
P = 6000
i) j)
P = 30000 F = 18000
i = 45% i=?
0 ### 1 2 0 1
F=? P = 14000
k)
F = 92000
i = 14%
0 1 2 3 4 5 12
P=?
r)
q)
F5 = 5000
F4 = 4000
F3 = 3000
F2 = 2000
F1 = 1000
0 1 2 3 4 5
i = 4%
P=?
P=? i = 4% F3 = 10000
F3 = 8000
F3 = 6000
F2 = 4000
F1 = 2000
0 1 2 3 4 5
F1 = 1000
F2 = 2000
F3 = 3000
F4 = 4000
F5 = 5000
c)
F = S/. 2405
F = 11500
i = 30% I = S/. 555
3 0 1 2 3 4 5 6
P = S/. 1850
e) F = 7933,34 P = 7000
i = 24%/360
0 1 2 n 0
P = 7000
c)
F = 8500 F=?
i = 20%
0 1 2 3
P =9200
F=? F=?
0 1 2 3 4 5
i = 5%
l) m)
P = 6800
i=? i = 50%
0 1 2 3 4 0
F = 14100 P=?
o) p)
P = 540000
i = 5%
0 1 2 3 4 40
F=?
P=?
i = 7%
0 1 2 3 4 5
F1 = 1000
F2= 2000
F3 = 3000
F4 = 4000
F5 = 5000
d) f)
P = 120
P = S/. 8000 i = 5% i=?
0 1 0 1,5
F = S/. ?
F = 127,20
17.
i = 24%/360 i = 12%
1 2 n 0 1 2 3 4
P=?
F = 7933,34 n = 3 Aos = 36 Meses = 12 Trimestres

n)
F = 155000 F=9
i = 50% i = 35%
1 2
n=?
P=1
F = 180000
i = 6%
0 1 2 3 4 5 100
P=?
13. 15.
P = S/. 95000 i = 45%

i=?
0 1 2 0
P = S/. 15600
F=?
F = S/. 95000
12
F = S/. 20542
1
Tasa efectiva n Tas efectiva Demostracin Tasa nominal
2.00% 12 26.82% 2.00% 24.00%
3.00% 4 12.55% 3.00% 12.00%
0.10% 180 19.71% 0.10% 18.00%
0.80% 34.29 31.42% 0.80% 27.43%
Tasa efectiva n Tas efectiva Demostracin Tasa nominal

28.00% 4 6.37% 28.00% 25.46%
Semestral 25.00% 2 11.80% 25.00% 23.61%
2.54%
1.39%
CALCULADORA F
MODELO
1
FRMULA F/P,F?
F=P(1+i)^n
F/P= 39007,64 , 3,99 % , 1
VALOR FUTURO F= 39007,64 ( 1 + 3,99 % ) ^ 1
Y VALOR PRESENTE P= 39,007.64
i= 3.99%
n= 1.00
F= 40,565.77
FRMULA F/A, F?
F=A ((1+i)^n - 1)/ i
VALOR FUTURO Y F/A=10000 , 12 %, 5
ANUALIDADES F=10000 (( 1+ 12 %) ^5 - 1)/ 12 %
CIERTAS VENCIDAS A= 10,000.00
i= 12.00%
n= 5.00
F= 63,528.47
FRMULA F/AA, F?
F=A((1+i)^n-1)/i*(1+i)
VALOR FUTURO Y F/AA=10000 , 12% , 5 )
ANUALIDADES F=10000 ((1+12%)^ 5 - 1)/12%*(1+12% )
CIERTAS A A= 10,000.00
ANTICIPADAS i= 12.00%
n= 5.00
F= 71,151.89
FRMULA P/A,P?
P=A((1+i)^n-1)/((1+i)^n*i)
VALOR PRESENTE Y P/A=1000 , 40% , 5 )
ANUALIDADES P=1000*((1+40%)^5-1)/((1+40%)^5*40%)
i= 40.00%
n= 5.00
CIERTAS VENCIDAS
P= 2,035.16
FRMULA P/AA,P?
VALOR PRESENTE Y P=A((1+i)^n-1)/((1+i)^n*i)*(1+i)
ANUALIDADES P/AA=1000 , 40% , 5 )
CIERTAS P=1000*((1+40%)^5-1)/((1+40%)^5*40%) (1+40%)
ANTICIPADAS AA = 1,000.00
i= 40.00%
n= 5.00
P= 2,849.23
CALCULADORA FINANCIERA DE INETRS COMPUESTO - CON FRMULAS FINANCIERAS
FRMULAS
2 3
FRMULA P/F,P? FRMULA

P=F/(1+i)^n
P/F= 29282 , 10 % , 4
F= 29282 / ( 1 + 10 % ) ^ 4
F= 29,282.00 P=
i= 10.00% F=
n= 4.00 n=
P= 20,000.00 i=
FRMULA A/F,A? FRMULA

A=F*i/((1+i)^n)-1
A/F= 63528,47 , 12 %, 5
A=63528,4736 * 12 % / ((1+12 %)^5 ) -1
F= 63,528.47 A=
i= 12.00% F=
n= 5.00 n=
A= 10,000.00 i=
FRMULA AA/F,AA? FRMULA

AA=F*i/ (((1+i)^n-1)*(1+i))
AA/F=71151,89 , 12% , 5
AA=71151,89*12%/(((1+12% ^5 -1) (1+0,12)
F= 71,151.89 A A=
i= 12.00% F=
n= 5.00 n=
A A= 10,000.00 i=
FRMULA A/P,A? FRMULA

A=P((1+i)^n*i)/((1+i)^n-1)
A/P=2035,16 , 40% , 5
A=2035,16((1+40% 5*40%)/((1+40%)^5-1)
P= 2,035.16 A=
i= 40.00% P=
n= 5.00 n=
A= 1,000.00 i=
FRMULA AA/P,AA? FRMULA

AA=P((1+i)^n*i)/(((1+i)^n-1)*(1+i)
AA/P=2849,23 , 40% , 5
A=2849,23((1+40% 5*40%)/((1+40%)^5-1) (1+40%)
P= 2,849.23 AA =
i= 40.00% P=
n= 5.00 n=
AA = 1,000.00 i=
N FRMULAS FINANCIERAS
S
3 4
P/F,i? FRMULA
i=(F/P)^(1/n)-1
(i= 29282 /P =20000 , i = ?, 4
i= (29282 / 20000 ) ^ (1/4) - 1
20,000.00 P=
29,282.00 F=
4.00 i=
10.00% n=
A/F,i? FRMULA
10,000.00 A=
63,528.47 F=
5.00 i=
n=
AA/F,i? FRMULA
10,000.00 A A=
71,151.89 F=
5.00 i=
n=
A/P,i? FRMULA
1,000.00 A=
2,035.16 P=
5.00 i=
n=
AA/F,i? FRMULA
1,000.00 AA =
2,849.23 P=
5.00 i=
n=
4
P/F,n
n=Ln(F/P)/Ln(1+i)
(F= 29282 /P =20000 , 10 %, n = ?
n= Ln (29282 / 20000) / Ln (1+ 10 % )
20,000.00
29,282.00
10.00%
4.00
A/F,n?
n=Ln(F*i/A+1)/Ln(1+i)
A=10000 / F =63528,47 , 12 % , n = ? )
n =Ln(63528,47*12%/10000+1) / Ln(1+12% )
10,000.00
63,528.47
12.00%
5.00
AA/F,n?
n=Ln(F*i/A*(1+i))/Ln(1+i)
AA=10000 / F =71151,89 , 12%, n=?
n=Ln(71151,89 *12%/10000(1+12%))/Ln (1+12% )
10,000.00
71,151.89
12.00%
5.00
A/P,n?
n=-Ln(P*i/A*(1+i))/Ln(1+i)
AA=1000 / P =2035,16 , 40%, n=?
n=Ln(2035,16*40%/1000*(1+40%))/Ln(1+40%)
1,000.00
2,035.16
40.00%
5.00
AA/P,n?
n=-Ln(1-P*i/(A*(1+i)))/Ln(1+i)
AA=1000 / P =2849,23 , 40%, n=?
n=Ln(1-2849,23*40%/(1000*(1+40%)))/Ln(1+40%)
1,000.00
2,849.23
40.00%
5.00
CALCULADORA FINANCIERA
MODELO
1
FRMULA F/P,F?
F=P(1+i)^n
F/P= 20000 , 10 % , 4
VALOR FUTURO F= 20000 ( 1 + 10 % ) ^ 4
Y VALOR PRESENTE P= 20,000.00
i= 10.00%
n= 4.00
F= 29,282.00
FRMULA F/A, F?
F=A ((1+i)^n - 1)/ i
VALOR FUTURO Y F/A=10000 , 12 %, 5
ANUALIDADES F=10000 (( 1+ 12 %) ^5 - 1)/ 12 %
i= 12.00%
n= 5.00
F= 63,528.47
FRMULA F/AA, F?
F=A((1+i)^n-1)/i*(1+i)
VALOR FUTURO Y F/AA=10000 , 12% , 5 )
ANUALIDADES F=10000 ((1+12%)^ 5 - 1)/12%*(1+12% )
CIERTAS A A= 10,000.00
ANTICIPADAS i= 12.00%
n= 5.00
F= 71,151.89
FRMULA P/A,P?
P=A((1+i)^n-1)/((1+i)^n*i)
VALOR PRESENTE Y P/A=1000 , 40% , 5 )
ANUALIDADES P=1000*((1+40%)^5-1)/((1+40%)^5*40%)
i= 40.00%
n= 5.00
CIERTAS VENCIDAS
P= 2,035.16
FRMULA P/AA,P?
VALOR PRESENTE Y P=A((1+i)^n-1)/((1+i)^n*i)*(1+i)
ANUALIDADES P/AA=1000 , 40% , 5 )
CIERTAS P=1000*((1+40%)^5-1)/((1+40%)^5*40%) (1+40%)
ANTICIPADAS AA = 1,000.00
i= 40.00%
n= 5.00
P= 2,849.23
DORA FINANCIERA DE INETRS COMPUESTO - CON FRMULAS INTEGRADAS DEL EXCEL FINAN
FRMULAS
2 3

P=F/(1+i)^n
P/F= 29282 , 10 % , 4
F= 29282 / ( 1 + 10 % ) ^ 4
F= 29,282.00 P=
i= 10.00% F=
n= 4.00 n=
P= 20,000.00 i=
FRMULA A/F,A? FRMULA

A=F*i/((1+i)^n)-1
A/F= 63528,47 , 12 %, 5
A=63528,4736 * 12 % / ((1+12 %)^5 ) -1
F= 63,528.47 A=
i= 12.00% F=
n= 5.00 n=
A= 10,000.00 i=
FRMULA AA/F,AA? FRMULA

AA=F*i/ (((1+i)^n-1)*(1+i))
AA/F=71151,89 , 12% , 5
AA=71151,89*12%/(((1+12% ^5 -1) (1+0,12)
F= 71,151.89 A A=
i= 12.00% F=
n= 5.00 n=
A A= 10,000.00 i=
FRMULA A/P,A? FRMULA

A=P((1+i)^n*i)/((1+i)^n-1)
A/P=2035,16 , 40% , 5
A=2035,16((1+40% 5*40%)/((1+40%)^5-1)
P= 2,035.16 A=
i= 40.00% P=
n= 5.00 n=
A= 1,000.00 i=
FRMULA AA/P,AA? FRMULA

AA=P((1+i)^n*i)/(((1+i)^n-1)*(1+i)
AA/P=2849,23 , 40% , 5
A=2849,23((1+40% 5*40%)/((1+40%)^5-1) (1+40%)
P= 2,849.23 AA =
i= 40.00% P=
n= 5.00 n=
AA = 1,000.00 i=
S INTEGRADAS DEL EXCEL FINANCIERO
S
3 4
P/F,i? FRMULA
i=(F/P)^(1/n)-1
(i= 29282 /P =20000 , i = ?, 4
i= (29282 / 20000 ) ^ (1/4) - 1
20,000.00 P=
29,282.00 F=
4.00 i=
10.00% n=
A/F,i? FRMULA
10,000.00 A=
63,528.47 F=
5.00 i=
12.00% n=
AA/F,i? FRMULA
10,000.00 A A=
71,151.89 F=
5.00 i=
12.00% n=
A/P,i? FRMULA
1,000.00 A=
2,035.16 P=
5.00 i=
40.00% n=
AA/F,i? FRMULA
1,000.00 AA =
2,849.23 P=
5.00 i=
40.00% n=
4
P/F,n
n=Ln(F/P)/Ln(1+i)
(F= 29282 /P =20000 , 10 %, n = ?
n= Ln (29282 / 20000) / Ln (1+ 10 % )
20,000.00
29,282.00
10.00%
4.00
A/F,n?
A=10000 / F =63528,47 , 12 % , n = ? )
n =Ln(63528,47*12%/10000+1) / Ln(1+12% )
10,000.00
63,528.47
12.00%
5.00
AA/F,n?
n=Ln(F*i/A*(1+i))/Ln(1+i)
AA=10000 / F =71151,89 , 12%, n=?
n=Ln(71151,89 *12%/10000(1+12%))/Ln (1+12% )
10,000.00
71,151.89
12.00%
5.00
A/P,n?
n=-Ln(P*i/A*(1+i))/Ln(1+i)
AA=1000 / P =2035,16 , 40%, n=?
n=Ln(2035,16*40%/1000*(1+40%))/Ln(1+40%)
1,000.00
2,035.16
40.00%
5.00
AA/P,n?
n=-Ln(1-P*i/(A*(1+i)))/Ln(1+i)
AA=1000 / P =2849,23 , 40%, n=?
n=Ln(1-2849,23*40%/(1000*(1+40%)))/Ln(1+40%)
1,000.00
2,849.23
40.00%
5.00
FRMULA F/P,F? FRMULA
F=P(1+i)^n
F/P= 9600 , 5 % , 20
F= 9600 ( 1 + 5 % ) ^ 20
P= 9,600.00 F=
i= 5.00% i=
n= 20.00 n=
F= 25,471.66 P=
FRMULA F/A, F? FRMULA

F=A ((1+i)^n - 1)/ i
F/A=15000 , 10 %, 8
F=15000 (( 1+ 10 %) ^8 - 1)/ 10 %
A= 15,000.00 F=
i= 10.00% i=
n= 8.00 n=
F= 171,538.32 A=
FRMULA F/AA, F? FRMULA

F=A((1+i)^n-1)/i*(1+i)
F/AA=2000 , 3% , 4 )
F=2000 ((1+3%)^ 4 - 1)/3%*(1+3% )
A A= 2,000.00 F=
i= 3.00% i=
n= 4.00 n=
F= 8,618.27 A A=
AA
F
i
n
FRMULA P/F,i?
i=(F/P)^(1/n)-1
(i= 20000 /P =17000 , i = ?, 6
i= (20000 / 17000 ) ^ (1/6) - 1
P= 17,000.00
F= 20,000.00
n= 6.00 SEMESTRAL
i= 2.75% Semetral
TEM 0.45% MENSUAL
TEA 5.57%
38.41%
FRMULA F/AA, F?
F=A((1+i)^n-1)/i*(1+i)
F/AA=20000 , 216% , 5 )
F=20000 ((1+216%)^ 5 - 1)/216%*(1+216% )
A A= 20,000.00
TNM= 18.00% Mensual
TEA= 216.00% Anual
n= 5.00
unaanual
persoa va hacer pagos de 20000 con 5 cuotas anuales aparti
F= 9,190,057.57
TEM 10.06%
FRMULA AA/P,AA?
AA=P((1+i)^n*i)/(((1+i)^n-1)*(1+i)
AA/P=5000 , 15,3689732987167% , 4
A=5000((1+15,3689732987167% 4*15,3689732987167%)/((1+15,3689732987167%
P= 5,000.00
TEB= 10.00% 2 TEM=
TEA= 77.16% 3 TET=
TET= 15.37% 15.37%
n= 4.00
AA = 1,529.37
FRMULA A/P,n?
n=-Ln(P*i/A*(1+i))/Ln(1+i)
AA=1000 / P =2035,16 , 1,25521556712964%, n=?
n=Ln(2035,16*1,25521556712964%/1000*(1+1,25521556712964%))/Ln(1+1,25521
A= 1,000.00
P= 2,035.16
TNA = 5.00% TNT= 1.25%
TET= 1.26% TNM= 0.42%
n= 2.07
P/F,P? FRMULA P/F,i? FRMULA
P=F/(1+i)^n i=(F/P)^(1/n)-1
P/F= 3500 , 10 % , 6 (i= 5000 /P =3000 , i = ?, 6
F= 3500 / ( 1 + 10 % ) ^ 6 i= (5000 / 3000 ) ^ (1/6) - 1
3,500.00 P= 3,000.00 P=
10.00% F= 5,000.00 F=
6.00 n= 6.00 i=
1,975.66 i= 8.89% n=
A/F,A? FRMULA A/F,i? FRMULA

A=F*i/((1+i)^n)-1
A/F= 50000 , 10 %, 8
A=50000 * 10 % / ((1+10 %)^8 ) -1
50,000.00 A= 980.00 A=
10.00% F= 5,000.00 F=
8.00 n= 3.00 i=
4,372.20 i= 58.62% n=
AA/F,AA? FRMULA AA/F,i?

AA=F*i/ (((1+i)^n-1)*(1+i))
AA/F=6000 , 4% , 5
AA=6000*4%/(((1+4% ^5 -1) (1+0,04)
6,000.00 A A= 10,000.00
4.00% F= 71,151.89
5.00 n= 5.00
1,065.16 i= 12.00%
1,065.16 AA 1,065.16 AA
6,000.00 F 6,000.00 n
4.00% n 5.00 I
5 i 4% F
20000 con 5 cuotas anuales apartir de hoy a una tasa nominal mensual de 18%
87167%)/((1+15,3689732987167%)^4-1) (1+15,3689732987167%)
0.04880885
0.15368973
25521556712964%))/Ln(1+1,25521556712964%)
P/F,n
n=Ln(F/P)/Ln(1+i)
(F= 8000 /P =5000 , 4 %, n = ?
n= Ln (8000 / 5000) / Ln (1+ 4 % )
5,000.00
8,000.00
4.00%
11.98 MESES
0.999 AOS
A/F,n?
A=2000 / F =50000 , 10 % , n = ? )
n =Ln(50000*10%/2000+1) / Ln(1+10% )
2,000.00
50,000.00
10.00%
13.14
1,065.16
5.00
4.00%
S/.6,000.00
1
FRMULA AA/F,i?
A A= 1,500.00
F= 25,000.00
n= 20.00 mensual
TEM= -1.77% MENSUAL
TEA= -19.30%
TNA= 19.30% TNS= 9.65%
2 FRMULA A/F,n?
A=1981,13 / F =12000 , 12,4864 % , n = ? )
n =Ln(12000*12,4864%/1981,13+1) / Ln(1+12,4864% )
A= 1,981.13
F= 12,000.00
TNA= 48.00% TNM= 4.00%
TET= 12.49%
n= 4.79
3
FRMULA AA/F,AA?
AA=F*i/ (((1+i)^n-1)*(1+i))
AA/F=85000 , 3,55580763416221% , 6
AA=85000*3,55580763416221%/(((1+3,55580763416221% ^6 -1) (1+0,035558076341
F= 85,000.00
TET = 15.00% TRIMESTRAL
TEM= 3.56% MENSUAL
n= 6.00 MENSUAL
A A= 12,513.65
4
FRMULA A/F,n?
A=5796,42 / F =68000 , 3,49999999999999 % , n = ? )
n =Ln(68000*3,49999999999999%/5796,42+1) / Ln(1+3,49999999999999% )
A= 5,796.42
F= 68,000.00
TNA= 42.00% ANUAL TNM= 3.50%
TEM= 3.50% MENSUAL
n= 10.00 MENSUAL 10.87%
FRMULA P/F,P?
P=F/(1+i)^n
P/F= 3000 , 5,83 % , 5
F= 3000 / ( 1 + 5,83 % ) ^ 5
F= 3,000.00 SEMESTRAL TEA= 25.44%
TES= 12.00%
TET= 5.83% TRIMESTRAL
n= 5.00
P= 2,259.83
0
6221% ^6 -1) (1+0,0355580763416221)
+3,49999999999999% )
1.
tea= 15% tem= 1.17%
a) d) p= 155000
p= 10000 n0 15
n= 6 trimestres tes= 7.24%
tet= 3.56% f= S/.442,145.80
f= S/.12,332.38 a0 S/.17,274.94
a S/.1,880.12
b) p= 80000
n= 2 aos e) p= 200000
tea= 15% n= 3
f S/.105,800.00 tea= 15.00%
a= S/.49,209.30 f= S/.304,175.00
a= S/.87,595.39
c) p= 20000
n= 12 bimestres
teb= 2.36%
f= S/.26,450.00
a= S/.1,932.87
3.
tea 46%
tem= 3.20% tnm 38.45%
a) tnd= 0.11%
b) tnm= 3.20%
c) tns= 19.22% 25.63%
d 25.63% e) 35.24%
2. tna capitalizacion te
46% diario 360
46% m 12
46% s 2
46% 8meses
46% 11meses
4.
p= 80000
n= 6 aos
n= 24 trimestres
aa= 4500
tet= 2.81% tem= 0.93%
tes= 5.69%
teb= 1.86%
p= 80000 ted= 0.03%
n= 6 aos
n= 72 mensual
aa= 4500
tem= 5.86%
semestres
TASA NOMINAL CAPITALIZACION ANUAL PERIODOS
60.00% Mensual 12
60.00% Bimestral 6
60.00% Trimestral 4
60.00% Semestral 2
60.00% Anual 1
TASA NOMINAL POR PERIODO TASA EFECTIVA POR PERIODO
5.00% 5.00%
10.00% 10.00%
15.00% 15.00%
30.00% 30.00%
60.00% 60.00%
145
LN= 4.97673374
ANTILOG= 145
1
e= 2.71828183
1
FRMULA F/P, P?
F = P(1+i)^n
(F/P=192000 , 40% , 3)
F =192000(1+40%)^3
P= 192,000.00
i= 40.00%
n= 3.00
F= 526,848.00
2
FRMULA P/F, P?
P = F/(1+i)^n
(F/P=95000 , 35% , 2)
F =95000(1+35%)^2
F= 95,000.00
i= 35.00%
n= 2.00
P= 52,126.20
3
i= 45.00%
Fin de ao Prstamo Intereses

A B C = Dn-1 x i
0 235,000.00 0.00
1 105750.00
2 153337.50
3 222339.38
4 322392.09
FRMULA F/P, P?
F = P(1+i)^n
(F/P=235000 , 45% , 4)
F =235000(1+45%)^4
P= 235,000.00
i= 45.00%
n= 4.00
F= 1,038,818.97
4
FRMULA P/F, P?
P = F/(1+i)^n
(F/P=95000 , 35% , 1) (F/P=130000 , 35% , 3)
F =95000(1+35%)^1 F =130000(1+35%)^3
F= 95,000.00 130,000.00
i= 35.00% 35.00%
n= 1.00 3.00
P= 70,370.37 52,837.47
5
i= 35.00%
Perodo 0 1 2
Monto 185,651.62 -95,000.00 0.00
6
FRMULA P/F,i?
i=(F/P)^(1/n)-1
(i= 2848000 /P =356000 , i = ?, 3
i= (2848000 / 356000 ) ^ (1/3) - 1
P= 356,000.00
F= 2,848,000.00
n= 3.00
i= 100.00%
7
FRMULA P/F, n?
n = Ln (F/P) / Ln (1 + i)
(F=896807 / P=200000 , 35%,n=?
n=Ln(896807/200000)/Ln(1 + 0,35)
P= 200,000.00
F= 896,807.00
= 35.00%
n= 5.00
8
FRMULA F/P, P?
F = P(1+i)^n
(F/P=150000 , 30% , 8)
F =150000(1+30%)^8
Precio 150,000.00
Efectivo (%) 30.00%
Efectivo (S/) 45,000.00
P= 105,000.00
anual 48.00%
trimestral 12.00%
n= 8.00
F= 259,976.13
9
FRMULA P/F, P?
P = F/(1+i)^n
(F/P=35000 , 20% , 2) (F/P=40000 , 20% , 3)
F =35000(1+20%)^2 F =40000(1+20%)^3
F= 35,000.00 40,000.00
i= 20.00% 20.00%
n= 2.00 3.00
P= 24,305.56 23,148.15
i= 20.00%
Semestre 0 1 2
Flujo 82,897.07 0.00 35,000.00
10
Tasa Nominal Perodos
Capitalizacin
Anual m
40.00% Semestral 2
45.00% 12
60.00% Trimestral 4
60.00% Diaria
11
Tasa Efectiva Perodos

Capitalizacin
Anual m
50.06% Semestral 2
47.29% Bimestral 6
61.56% Diaria 360
80.87% Quincenal 24
12
a)
Tasa Anual Capitalizacin Tasa Anual Efectiva
Nominal
8.00% Diaria 8.32774%
b)
Tasa Efectiva Capitalizacin Tasa Mensual Efectiva Tasa Semestral Efectiva
Anual
24.00% Mensual 1.80876% 11.35529%
c)
Tasa Anual Capitalizacin Tasa Diaria Efectiva Tasa Semestral Efectiva
Nominal
48.00% Diaria 0.13151% 27.10487%
*Considerando al ao con 365 das
d)
Tasa
Semestral Capitalizacin Tasa Trimestral Efectiva Tasa Anual Efectiva
Efectiva
40.00% Trimestral 18.32160% 96.00000%
e)
Tasa Anual Capitalizacin Tasa Anual Efectiva
Nominal
12.00% Semestralmente 12.36000%
f)
Tasa Efectiva Capitalizacin Tasa Anual Efectiva Tasa Anual Nominal

Nominal
1.50% Mensual 19.56182% 18.00000%
13
VECES EN QUE SE
N/O PERODO DIVIDE UN AO
1 Anual 1
2 Semestral 2
3 Cuatrimestral 3
4 Trimestral 4
5 Bimestral 6
6 Mensual 12
7 Quincenal 24
8 Semanal 52
8 Diaria(360) 360
10 Diaria(365) 365
14
VECES EN QUE SE
N/O PERODO DIVIDE UN AO
1 Anual 1
2 Semestral 2
3 Cuatrimestral 3
4 Trimestral 4
5 Bimestral 6
6 Mensual 12
7 Quincenal 24
8 Semanal 52
8 Diaria(360) 360
10 Diaria(365) 365
15
Tasa Nominal Hallar Tasa
Preguntas Anual del perodo
a) 9.00% Anual
b) 9.00% Semestral
c) 9.00% Tretramestral
d) 9.00% Trimestral
e) 9.00% Quincenal
16
Tasa Nominal H allar Tasa
Preguntas Anual del perodo
a) 9.00% Anual
b) 9.00% Tetramestral
c) 9.00% Mensual
d) 9.00% Quincenal
e) 9.00% Diaria
Deuda Pago
D = Dn-1 + Cn E
235000.00
340750.00
494087.50
716426.88
1038818.97 1038818.97
Total
(F/P=280000 , 35% , 5)
F =280000(1+35%)^5
280,000.00
35.00%
5.00
62,443.78 185,651.62
3 4 5
-130,000.00 0.00 -280,000.00
(F/P=50000 , 20% , 5) (F/P=55000 , 20% , 7) Total
F =50000(1+20%)^5 F =55000(1+20%)^7
50,000.00 55,000.00
20.00% 20.00%
5.00 7.00
20,093.88 15,349.49 82,897.07
3 4 5 6 7
40,000.00 0.00 50,000.00 0.00 55,000.00
Perodos Tasa Tasa Efectiva

m por perodo(*) Anual
2 20.00% 44.00%
12 55.55%
4 15.00%
0.17% 82.12%
0.00%
Perodos Hallar la Respuesta

m Operacin Tasa Efect. Anual
Capitalizacin
2 2((1+0,5006)^(1/2)-1) 45.00% Semestral
6 6((1+0.4729)^(1/6)-1) 40.00% Bimestral
360 360((1+0.6156)^(1/360)-1) 48.00% Diaria
24 24((1+0.8087)^(1/24)-1) 60.00% Quincenal
TASA NOMINAL TASA EFECTIVA
POR PERODO DEL PERODO
130.00000% 208.22191%
65.00000% 75.56250%
43.33333% 45.53066%
32.50000% 32.50000%
21.66667% 20.63609%
10.83333% 9.83446%
5.41667% 4.80194%
2.50000% 2.18831%
0.36111% 0.31317%
0.35616% 0.30887%
TASA NOMINAL TASA EFECTIVA

POR PERODO DEL PERODO
123.07340% 237.50000%
61.53670% 83.71173%
41.02447% 50.00000%
30.76835% 35.54030%
20.51223% 22.47449%
10.25612% 10.66819% a
5.12806% 5.19895%
2.36680% 2.36680%
0.34187% 0.33846%
0.33719% 0.33381%
Perodos Hallar la Respuesta Respuesta

m Operacin Tasa Efect. Perodo Tasa afectiva anual
1 9%/1 9.00% 9.00%
2 9%/2 4.50% 9.20%
4 9%/4 2.25% 9.31%
4 9%/4 2.25% 9.31%
360 9%/360 0.03% 9.42%
Perodos Hallar la Respuesta Perodos

m Operacin Tasa Efect. Perodo m
1 9%/1 9.00% 0.5
3 9%/3 3.00% 1.5
12 9%/12 0.75% 6
24 9%/24 0.38% 12
360 9%/360 0.03% 180
Respuesta
Tasa afectiva anual
4.40%
4.53%
4.59%
4.59%
4.60%
1 2
F=?
= 40%
0 1 2 3
P = 192 000
3
F = 95 000 P = 235 000
= 35%
0 1 2 0 1
P=?
4
P=?
= 45%
1 2 3 4 0 1
F=? F1 = 95 000
6
= 35%
1 2 3 4 5 0
F1 = 95 000 F2 = 130 000 F3 = 280 000 P = 356 000

7
F = 2 848 000
=?
0 1 2 3
P = 356 000 P = 200 00

8
F = 896 807 P = 105 000
= 35%
n=? 0 1
P = 200 00
9
= 48% / 4 = 12%
1 2 3 4
F=?
P=?
= 40% / 2 = 20%
0 1 2 3 4 5 6
F = 35 000 F = 40 000 F = 50 000

6 7
F = 55 000
1
Valor futuro
FRMULA F/A, F?
F=A ((1+i)^n - 1)/ i
F/A=600 , 10 %, 4
F=600 (( 1+ 10 %) ^4 - 1)/ 10 %
A= 600.00
i= 10.00%
n= 4.00
F= 2,784.60
Valor presente
FRMULA P/A,P?
P=A((1+i)^n-1)/((1+i)^n*i)
P/A=600 , 10% , 4 )
P=600*((1+0,1)^4-1)/((1+0,1)^4*0,1)
A= 600.00
i= 10.00%
n= 4.00
P= 1,901.92
Para establecer que son equivalentes, a partir del valor presente se halla el valor futuro:
FRMULA F/P,F?
F=P(1+i)^n
F/P= 1901,91926780958 , 10 % , 4
F= 1901,91926780958 ( 1 + 10 % ) ^ 4
P= 1,901.92
i= 10.00%
n= 4.00
F= 2,784.60
2
Valor futuro
FRMULA F/AA, F?
F=A((1+i)^n-1)/i*(1+i)
F/AA=600 , 10% , 4 )
F=600 ((1+0,1)^ 4 - 1)/0,1*(1+0,1 )
A= 600.00
i= 10.00%
n= 4.00
F= 3,063.06
Valor presente
FRMULA P/AA,P?
P=A((1+i)^n-1)/((1+i)^n*i)*(1+i)
P/AA=600 , 10% , 4 )
P=600*((1+10%)^4-1)/((1+10%)^4*10%) (1+10%)
A= 600.00
i= 10.00%
n= 4.00
P= 2,092.11
Equivalencia financiera:
FRMULA F/P,F?
F=P(1+i)^n
F/P= 2092,11119459053 , 10 % , 4
F= 2092,11119459053 ( 1 + 10 % ) ^ 4
P= 2,092.11
i= 10.00%
n= 4.00
F= 3,063.06
Monto del prstamo 1,000,000.00

Tasa del inters anaual(nominal) 50%
Tasa de inters Semestral 25%
Plazo, en aos 3
Pagos por ao 2
Perodo Saldo inicial Inters Capital

(Amortizacin)
1,000,000.00
1 911,180.50 250,000.00 88,819.50
2 800,156.13 227,795.13 111,024.37
3 661,375.66 200,039.03 138,780.47
4 487,900.08 165,343.92 173,475.58
5 271,055.60 121,975.02 216,844.48
6 0.00 67,763.90 271,055.60
TOTAL ANUAL 1,032,917.00 1,000,000.00
4
Tasa del inters Semestral 25%
Perodo 0 1
Flujo 1,000,000.00 -338,819.50
5
FRMULA A/P,n?
n=-Ln(P*i/A*(1+i))/Ln(1+i)
AA=45000 / P =89793 , 50%, n=?
n=Ln(89793*50%/45000*(1+50%))/Ln(1+50%)
A= 45,000.00
P= 89,793.00
i= 50.00%
n= 14.98
6
Tasa de Inters efectiva trimestral
Tasa anual 48.00%
Perodos 2
Tasa semestral 24.00%
Perodos 2
Tasa trimestral 11.36%
FRMULA P/AA,P?
P=A((1+i)^n-1)/((1+i)^n*i)*(1+i)
P/AA=12000 , 11,36% , 6 )
P=12000*((1+11,36%)^6-1)/((1+11,36%)^6*11,36%) (1+11,36%)
AA = 12,000.00
i= 11.36%
n= 6.00
P= 55,957.22
FRMULA F/P,F?
F=P(1+i)^n
F/P= 55957,22 , 11,36 % , 5
F= 55957,22 ( 1 + 11,36 % ) ^ 5
P= 55,957.22
i= 11.36%
n= 5.00
F= 95,809.89
7
Tasa trimestral 11.36%
Perodo 0 1
Anualidad 12,000.00 12,000.00
VAN 55,957.22
8
FRMULA F/AA, F?
F=AA((1+i)^n-1)/i*(1+i)
F/AA=5000 , 5% , 10 )
F=5000 ((1+5%)^ 10 - 1)/5%*(1+5% )
A= 5,000.00
Tasa anual 60.00%
Tasa mensual 5.00%
n= 10.00
F= 66,033.94
Se actualiza al perodo 0: Se capitaliza al perodo 1

P=F/(1+i)^n
P/F= 66033,94 , 5 % , 12
F= 66033,94 / ( 1 + 5 % ) ^ 12
F= 66,033.94 P=
i= 5.00% i=
n= 12.00 n=
P= 36,770.17 F=
9
FRMULA F/AA, F?
F=A((1+i)^n-1)/i*(1+i)
F/AA=5000 , 60% , 10 )
F=5000 ((1+60%)^ 10 - 1)/60%*(1+60% )
A A= 5,000.00
Tasa anual 60.00%
Tasa mensual 3.99%
n= 10.00
F= 62,412.22
Se actualiza al perodo 0: Se capitaliza al perodo 1:

P=F/(1+i)^n
P/F= 62412,22 , 3,99 % , 12
F= 62412,22 / ( 1 + 3,99 % ) ^ 12
F= 62,412.22 P=
i= 3.99% i=
n= 12.00 n=
P= 39,007.64 F=
10
FRMULA P/A,P?
P=A((1+i)^n-1)/((1+i)^n*i)
P/A=2900 , 3% , 4 )
P=2900*((1+3%)^4-1)/((1+3%)^4*3%)
A= 2,900.00
i= 3.00%
n= 4.00
P= 10,779.59
FRMULA P/F,P?
P=F/(1+i)^n
P/F= 10779,59 , 3 % , 6
F= 10779,59 / ( 1 + 3 % ) ^ 6
F= 10,779.59
i= 3.00%
n= 6.00
P= 9,027.73
11
Tasa 3.00%
Perodo 0 1
Flujo -9,027.73 0.00
12
FRMULA A/F,n?
A=600 / F =2500 , 10 % , n = ? )
n =Ln(2500*10%/600+1) / Ln(1+10% )
A= 600.00
F= 2,500.00
i= 10.00%
n= 3.65
El tiempo es de3,65 AOS.
Pago
( Anualidad)
338,819.50
338,819.50
338,819.50
338,819.50
338,819.50
338,819.50
2,032,917.00
2 3 4 5 6
-338,819.50 -338,819.50 -338,819.50 -338,819.50 -338,819.50
2 3 4 5
12,000.00 12,000.00 12,000.00 12,000.00
apitaliza al perodo 1
F/P,F?
F=P(1+i)^n
F/P= 36770,17 , 5 % , 1
F= 36770,17 ( 1 + 5 % ) ^ 1
36,770.17
5.00%
1.00
38,608.67
apitaliza al perodo 1:
F/P,F?
F=P(1+i)^n
F/P= 39007,64 , 3,99 % , 1
F= 39007,64 ( 1 + 3,99 % ) ^ 1
39,007.64
3.99%
1.00
40,565.77
.6 7 8 9 10
0.00 2,900.00 2,900.00 2,900.00 2,900.00
1. 5.
P=? F=? P = 89 793
i = 40%/4 = 10% i = 50%
0 1 2 3 4 0 1 n=?
A = 600 A = 45 000
6. 8.
A = 12 000 P=?
i = 60%/12 =5%
0 1 2 3 4 5 0 1 2 3
i = 11,36%
P=? F=?
10.
F=? P=? A = 2 900
= 60%/12 =5%
3 4 5 11 12 0 1 6 7 8 9 10
i = 3%
AA = 5 000
12.
F = 2 500
i = 10 %
10 0 1 2 3 4 5 0 n=?
A = 600
1
Formula F/A,F?
F = A ((1+i)^n-1)/i
(F/A = 8000 , 5% ,60
F = 8000((1+ 5%)^60-1)/5%
A= 8,000.00
i= 5.00%
n= 60.00
F= 2,828,669.74
2
Formula F/P,F?
F = P(1+i)^n
(F/P = 4000 , 30% ,16
F = 4000(1+ 30%)^16
P= 4,000.00
i= 30.00%
n= 16.00
F= 266,166.64
3
Formula P1/A,P1?
P = A ((1+i)^n-1)/((1+i)^n*i)
(P/A = 150000 , 25% ,10
P = 150000((1+ 25%)^10-1)/(1+25%)^10*25%)
A= 150,000.00
i= 25.00%
n= 10.00
P1 = 535,575.49
Formula P2/F,P2?
P = F /(1+i)^n
(P/F = 25000 , 25% ,10)
P = 25000(1+ 25%)^10
F= 25,000.00
i= 25.00%
n= 10.00
P2 = 2,684.35
P1+P2= 538,259.85
4
Formula A/P,A?
A = P((1+i)^n*i)/((1+i)^n-1)
(A/P = 500000 , 15% ,12)
A = 500000((1+ 15%)^12*1)/(1+15%)^12-1)
P= 500,000.00
i= 15.00%
n= 12.00
A= 92,240.39
5
Formula F/A,F?
F = A ((1+i)^n-1)/i
(F/A = 2500 , 4% ,60
F = 2500((1+ 4%)^60-1)/4%
A= 2,500.00
i= 4.00%
n= 60.00
F= 594,976.71
6
Formula F/AA,F?
F = A ((1+i)^n-1)/i*(1+i)
(F/AA = 10000 , 15% ,20
F = 10000((1+ 15%)^20-1)/15%(1+15%)
A= 10,000.00
i= 15.00%
n= 20.00
F= 1,178,101.20
7
Aos Ingresos netos
0
1 250,000.00
2 340,000.00
3 450,000.00
4 500,000.00
5 550,000.00
Aos 0 1 2
Flujo 0.00 250,000.00 340,000.00
VAN=
8
a) Valor futuro al ao 25:
Formula F/A,F?
F = A ((1+i)^n-1)/i
(F/A = 6000 , 5% ,25
F = 6000((1+ 5%)^25-1)/5%
A= 6,000.00
i= 5.00%
n= 25.00
F= 286,362.59
Anualida vencida a partir del ao 25 hasta el ao 55

Formula A/P,A?
A = P((1+i)^n*i)/((1+i)^n-1)
(A/P = 286362,59 , 5% ,30)
A = 286362,59((1+ 5%)^30*1)/(1+5%)^30-1)
P= 286,362.59
i= 5.00%
n= 30.00
A= 18,628.30
b)
La renta perpetua a partir del ao 26, ascendera a:
Formula A = P*i
A= 30,000.00
i= 5.00%
P = A/i 600,000.00
Formula A/F,A?
A = F *i /((1+i)^n-1)
(A/F = 600000 , 5% ,25)
A = (600000*5%)/((1+ 5%)^25-1)
F= 600,000.00
i= 5.00%
n= 25.00
A= 12,571.47
9
Formula A = P*i
A= 20,000.00
i= 4.00%
P = A/i 500,000.00
10
Tasa efectiva anual 6.00%
Aos 0 1 2
Flujo 2,000.00 0.00 0.00
VNA= 3,167.07
Formula P/F,n?
n = Ln(F/P)/Ln(1+ i)
(F = 10000 / P =3167,07 , 6%,"n =?
n = Ln(0,06 / 3167,07)/Ln(1+10000
P= 3,167.07
i= 6.00%
F= 10,000.00
n= 19.73
11.
a)
valor futuro al ao 25:
FRMULA F/A, F?
F= VF(tasa,nper,-pago)
F/A=6000 , 5 %, 25
F=6000 (( 1+ 5 %) ^25 - 1)/ 5 %
A= 6,000.00
i= 5.00%
n= 25.00
F= 286,362.59
anualidad vencida a partir del ao 55:

FRMULA A/P, A?
A= Pago(tasa,nper,-pago)
A/P=286362,592907926 , 5 %, 30
P= 286,362.59
i= 5.00%
n= 30.00
A= 18,628.30
b)
la renta perpetua a partir del ao 26, ascenderia a :
FORMULA: A= P*i
A= 30,000.00
i= 5.00%
P= A/i 600,000.00
Hallando la anualidad
FRMULA A/F,A?
A=PAGO(tasa, nper,, -(vf))
A/F= 600000 , 5 %, 25
A=600000 * 5 % / ((1+5 %)^25 ) -1
F= 600,000.00
i= 5.00%
n= 25.00
A= 12,571.47
12.
renta perpetua
formula A = P*i
A= 20,000.00
i= 4.00%
P =A/i 500,000.00
13.
TEA= 6.00%
AOS 0 1 2
FLUJO 2000.00 0.00 0.00
VNA= 3,167.07
FRMULA P/F,n
n=NPER(tasa,, va, -(vf))
(F= 10000 /P =3167,06781438221 , 6 %, n = ?
n= Ln (10000 / 3167,06781438221) / Ln (1+ 6 % )
P= 3,167.07
F= 10,000.00
i= 6.00%
n= 19.73
14.
15.
a) Formula a1/g, a1?
a1= g*(1/i-n/i*(i/((1+i)^n-1)))
(Fc/A= 500, 4% ; 12)
a= 2,500.00
g= 500.00
i= 4.00% mensual
n= 12.00 meses
a1= 2,517.17
A = a +a1
A= 5,017.17
b)
FRMULA P/A,P?
P = VA(tasa, nper,-pago)
P/A=5017,17409709153 , 4% , 12 )
P=5017,17409709153*((1+4%)^12-1)/((1+4%)^12*4%)
A= 5,017.17
i= 4.00%
n= 12.00
P= 47,086.55
c)
Tasa= 4.00%
periodo 0 1 2
flujo 0.00 2,500.00 3,000.00
P= 47,086.55
d)
FRMULA F/A, F?
F = VF(tasa, nper, -pago)
F/A=5017,17409709153 , 4 %, 12
F=5017,17409709153 (( 1+ 4 %) ^12 - 1)/ 4 %
A= 5,017.17
i= 4.00%
n= 12.00
F= 75,387.08
TNA= 40.00%
TEA= 44.00%
3 4 5
450,000.00 500,000.00 550,000.00
3 4 5
500.00 0.00 1,000.00
3 4 5
500.00 0.00 1000.00
3 4 5 6 7 8
3,500.00 4,000.00 4,500.00 5,000.00 5,500.00 6,000.00
9 10 11 12
6,500.00 7,000.00 7,500.00 8,000.00
1) 2)
F =?
i = 60% / 12 = 5%
0 1 2 3 60 0 1
A = 8000 P = 4000
3)
3) 4)
A = 150000 V = 25000 P = 500000
0 1 2 3 10 0 1
i = 25%
P=?
F=?
i = 60% / 2 = 30%
1 2 3 16
5)
i = 60% / 4 = 15% i = 48% / 12 = 4%
1 2 3 12 0 1 2 3
A=? A = 2500
6)
F=? F=?
i = 60% / 4 = 15%
60 0 1 2 3 20
AA = 10000
7) F=?
F=?
i = 5%
0 1 2 3 25 26
A = 6000
A=?
27 28 55
i = 5%
CALCULADORA FINANCIERA - CAPITALIZACIN CONTINUA
FRMULAS
MODELO
1 2
formula i=er -1 formula
TASA EFECTIVA Y TASA
NOMINAL EN
CAPITALIZACION
CONTINUA r= 5% i=
i= 5.13% r=
formula Fc/P, Fc? formula
Fc = Per*n
Fc/P= 100000, 10% , 5
VALOR FUTURO Y
VALOR PRESENTE P= 100,000.00 F=
r= 10.00% r=
n= 5.00 n=
F= 164,872.13 P=
formula Fc/A, Fc? Formula
Fc/A= A*(er*n-1)/(er-1)
VALOR FUTURO Y Fc/A= 1000, 12% ; 5
ANUALIDADES A= 1,000.00 F=
r= 12.00% r=
n= 5.00 n=
F= 6,448.15 A=
Formula Pc/A, Pc? Formula
Pc/A =A*(1-e-r*n)/(er-1)
VALOR PRESENTE
Y ANUALIDADES Pc/A= 10000, 20% , 10
A= 10,000.00 P=
r= 20.00% r=
n= 10.00 n=
P= 39,053.93 A=
INUA
2
r= ln(1+i)
5%
5.00%
Pc/F, Pc?
Pc = F/er*n = Fe-r*n
Pc/F= 164872,13; 10% ; 5
164,872.13
10.00%
5.00
100,000.00
Ac/F, Ac?
Ac = F*(er-1)/(er*n-1)
Ac/F= 6448,15; 12% ; 5
6,448.15
12.00%
5.00
1,000.00
Ac/P, Ac?
Ac =P* (er-1)/(1-e-r*n)
Ac/P= 39053,93. 20% , 10
39,053.93
20.00%
10.00
10,000.00
CALCULADORA FINANCIERA DE UNA GRADIENTE UNIFORME
Formula a1/g, a1?
a1= g*(1/i-n/i*(i/((1+i)^n-1)))
(Fc/A= 1000, 10% ; 20)
a= 4,000.00
g= 1,000.00
ANUALIDAD DE LA GRADIENTE (a1) Y
DEL TOTAL DE LA SERIE i= 10.00%
n= 20.00
a1= 6,508.08
A = a +a1
A= 10,508.08
Formula F/g, F?
F = g/i*(((1+i)^n-1)/i-n)
(Fc/A= 1000, 10% ; 20)
VALOR FUTURO DE LA
GRADIENTE
g= 1,000.00
i= 10.00%
n= 20.00
F= 372,749.99
GRADIENTE
Formula P/g, P?
P = g/i*((((1+i)^n-1)/(i*(1+i)^n))-n/(1+i)^n)
(Fc/A= 1000, 10% ; 20)
VALOR PRESENTE DE LA
GRADIENTE
g= 1,000.00
i= 10.00%
n= 20.00
P= 55,406.91
CAPITALIZACION
TEA 46% BIMESTRAL TES= 20.83%
6.51%
TEA= 56% TEM= 3.78% TED=

TNA= 45.30%
EN LA CAPITALIZACION CONTINUA NO SE CUMPLE EL QUE LA TASA DE INTERES NOMINAL ES IGUAL A
TNA= 36.00%
TNS= 18.00%
TNM= 2.00%
TNA= 24.00%
TEM= 1.81%
formula i=er -1 formula r= ln(1-i)
r= 5% TNM i= 5%
i= 5.13% TEM r= 5.00%
2.41
formula Fc/P, Fc?
Fc = Per*n
Fc/P= 10000, 15% , 5
P= 10,000.00
r= 15.00%
n= 5.00
F= 21,170.00
I= 11,170.00
2.42.
formula r= ln(1+i)
i= 15%
r= 13.98%
formula Fc/P, Fc?
Fc = Per*n
Fc/P= 10000, 13,98% , 5
P= 10,000.00
r= 13.98%
n= 5.00
F= 20,113.57
I= 10,113.57
2.43
formula r= ln(1+i)
i= 20.00%
r= 18.23%
2.44
formula r= ln(1+i)
i= 14.00% SEMESTRAL
r= 13.10% SEMESTRAL
n= 2 semestre
r= 26.21% ANUAL
2.45
formula Fc/A, Fc?
Fc/A= A*(er*n-1)/(er-1)
Fc/A= 2500, 4% ; 36
A= 2,500.00
r= 4.00%
n= 36.00
F= 197,294.46
2.46
formula r= ln(1+i)
i= 3.00%
r= 2.96%
Formula Ac/F, Ac?
Ac = F*(er-1)/(er*n-1)
Ac/F= 12000; 2,96% ; 6
F= 12,000.00
r= 2.96% mensual
n= 6.00 meses
A= 1,855.17
2.47
0.12%
RES NOMINAL ES IGUAL A LA TASA EFECTIVA PARA EL PERIODO DE CAPITALIZACION
TEM
TNM
RENTA PERPETUA
2.49
formula A= P*i
P= 310000.00
i anual= 42.00%
i trimestral= 10.50%
A= 32550.00
GRADIENTE UNIFORME
2.50
Formula a1/g, a1?
a1= g*(1/i-n/i*(i/((1+i)^n-1)))
(Fc/A= 1000, 10% ; 20)
a= 4,000.00
g= 1,000.00
i= 10.00%
n= 20.00
a1= 6,508.08
A = a +a1
A= 10,508.08
FORMULA P/A, P?
A= 10,508.08
i= 10.00%
n= 20.00
P= 89,461.17
PERIODO 0 1 2
a= 4000 4000
g= 0 1000
a+g= 4000 5000
P= S/.89,461.17
Pg= S/.55,406.91 S/.10,508.08
FLUJO DE
i= 4%
PERIODO 0 1 2
FLUJO 200000 30000 30000
S/.579,778.91
P= 200000
i= 4% MENSUAL
A= 30000
n= 18
P= S/.579,778.91
AA= 35000
i= 4% MENSUAL
n= 25
P= S/.568,643.71
PERIODO 0 1 2
FLUJO 35000 35000 35000
P= 300000.00
i= 4%
F= 400000.00
n= 12
P= S/.549,838.82
PERIODO 0 1 2
FLUJO 300000 0 0
549,838.82
RESUMEN
ALTERNATIVA a) S/.579,778.91
ALTERNATIVA b) S/.568,643.71
ALTERNATIVA c) 549,838.82
DECISION 549,838.82 c
TASA
579,778.91 568,643.71
0% 0%
1% 1%
2% 2%
3% 3%
4% 4%
5% 5%
6% 6%
7% 7%
8% 8%
9% 9%
10% 10%
11% 11%
12% 12%
EVALUACION DE ALTERNATIVAS
12.00
10.00
8.00
6.00
4.00
2.00
0.00
0% 1% 2%Col umn
3% D 4% Col
5% umn6%
F 7% Col umn
8% H 9% 10% 11% 1
SERVICIO A LA DEUDA MTODO FRANCS
Capital del prstamo: 15,000.00

Tasa efectiva : 24% TEA
N de pago : 12 Por ao
N de peridos : 6 Aos
Tasa efectiva : 1.81% Mensual
PERIODO n SALDO DEL CAPITAL INTERES AMORTIZACION

0.00 15000.00
1.00 0.00 0.00
2.00 0.00 0.00
3.00 -12.00 0.00 12.00
4.00 -18.00 0.00 6.00
5.00 -18.02 0.00 0.02
6.00 -18.02 0.00 0.00
TOTALES


0.00 15000.00
1.00 0.00 0.00
2.00 0.00 0.00
3.00 -12.00 0.00 12.00
4.00 -18.00 0.00 6.00
5.00 -18.02 0.00 0.02
6.00 -18.02 0.00 0.00
TOTALES
SERVICIO A LA DEUDA MTODO AMERICANO

0.00 15000.00
1.00 15,271.31 0.00 0.00
2.00 15,547.53 0.00 0.00
3.00 15,828.75 0.00 2.00
4.00 16,115.06 0.00 3.00
5.00 16,406.54 0.00 4.00
6.00 16,703.29 0.00 5.00
TOTALES
P= 25000
n FLUJO
0 (25,000.00)
1 3,000.00
2 3,000.00
3 3,000.00
4 3,000.00
5 3,000.00
6 3,000.00
7 3,000.00
8 3,000.00
9 3,000.00
10 3,000.00
11 3,000.00
12 3,000.00
TIR 6.11%
A= 300.00
i= 3% SEMESTRAL
n= 30.00
F= 10,000.00
VA 5,880.13 VA DE ANUALIDAFDES
VA 4,119.87 VALOR NOMINAL DEL BONO
10,000.00
VA 10,000.00
TASA VALOR ACTUAL

10,000.00
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
12.00
10.00
8.00
6.00
4.00
2.00
-
0% 1% 2%
3 4 5 6 7 8 9
4000 4000 4000 4000 4000 4000 4000
2000 3000 4000 5000 6000 7000 8000
6000 7000 8000 9000 10000 11000 12000
3 4 5 6 7 8 9
30000 30000 30000 30000 30000 30000 30000
3 4 5 6 7 8 9
35000 35000 35000 35000 35000 35000 35000
3 4 5 6 7 8 9
0 0 0 0 0 0 0
549,838.82
0% 700,000.00 c
1% 0.00 c
2% 0.00 c
3% 0.00 c
4% 0.00 c
5% 0.00 b
6% 0.00 b
7% 0.00 b
8% 0.00 b
9% 0.00 b
10% 0.00 b
11% 0.00 b
12% 0.00 b
AS
umn
8% H 9% 10% 11% 12%
PAGO FLUJO
(15,000.00)
0.00
0.00
12.00
6.00
0.02
0.00
TIR Err:523
PAGO
0.00
0.00
12.00
6.00
0.02
0.00
PAGO
0.00
0.00
2.00
3.00
4.00
5.00
LA PERSONA QUE QUIERE GANAR MAS PAGA MENOS PO0R EL BONO
VALOR DE UN BONO SEGUN EXPECTATIVAS
12.00
10.00
8.00
6.00
4.00
2.00
-
0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10%
10 11 12 13 14 15 16 17
4000 4000 4000 4000 4000 4000 4000 4000
9000 10000 11000 12000 13000 14000 15000 16000
13000 14000 15000 16000 17000 18000 19000 20000
10 11 12 13 14 15 16 17
30000 30000 30000 30000 30000 30000 30000 30000
10 11 12
35000 35000 35000
10 11 12
0 0 400000
18 19 20
4000 4000 4000
17000 18000 19000
21000 22000 23000
18
30000
P= 60000
i= 20% ANUAL
n= 10 ANOS
A= 14,311.37
SENSIBILIZAR A
a) La tasa entre el 0% y 30%
b) el tiempo entre 1 y 15
c) La tasa y l tiempo de acuerdo a) y b)
tasa
14311.37 14,311.37
0% 1
1% 2
2% 3
3% 4
4% 5
5% 6
6% 7
7% 8
8% 9
9% 10
10% 11
11% 12
12% 13
13% 14
14% 15
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
26%
27%
28%
29%
30%
14,311.37 1 2 3 4 5 6
0%
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%
7 8 9 10 11 12 13 14
15
Capital del prstamo : 150,000.00

perido n saldo capital intereses amortizacion pago

0 150,000.00
1 147,007.43 2713.14 2,992.57 5,705.71
2 143,960.73 2659.01 3,046.70 5,705.71
3 140,858.92 2603.90 3,101.81 5,705.71
4 137,701.01 2547.80 3,157.91 5,705.71
5 134,485.98 2490.68 3,215.03 5,705.71
6 131,212.80 2432.53 3,273.18 5,705.71
7 127,880.41 2373.32 3,332.39 5,705.71
8 124,487.75 2313.05 3,392.66 5,705.71
9 121,033.72 2251.68 3,454.03 5,705.71
10 117,517.22 2189.21 3,516.50 5,705.71
11 113,937.11 2125.60 3,580.11 5,705.71
12 110,292.25 2060.85 3,644.86 5,705.71
13 106,581.46 1994.92 3,710.79 5,705.71
14 102,803.55 1927.80 3,777.91 5,705.71
15 98,957.31 1859.47 3,846.24 5,705.71
16 95,041.50 1789.90 3,915.81 5,705.71
17 91,054.86 1719.07 3,986.64 5,705.71
18 86,996.11 1646.96 4,058.75 5,705.71
19 82,863.96 1573.55 4,132.16 5,705.71
20 78,657.05 1498.81 4,206.90 5,705.71
21 74,374.06 1422.72 4,282.99 5,705.71
22 70,013.60 1345.25 4,360.46 5,705.71
23 65,574.27 1266.38 4,439.33 5,705.71
24 61,054.64 1186.08 4,519.63 5,705.71
25 56,453.26 1104.33 4,601.38 5,705.71
26 51,768.65 1021.10 4,684.61 5,705.71
27 46,999.31 936.37 4,769.34 5,705.71
28 42,143.71 850.10 4,855.61 5,705.71
29 37,200.28 762.28 4,943.43 5,705.71
30 32,167.43 672.86 5,032.85 5,705.71
31 27,043.55 581.83 5,123.88 5,705.71
32 21,827.00 489.15 5,216.56 5,705.71
33 16,516.09 394.80 5,310.91 5,705.71
34 11,109.11 298.74 5,406.97 5,705.71
35 5,604.34 200.94 5,504.77 5,705.71
36 0.00 101.37 5,604.34 5,705.71
55405.53 150,000.00 205,405.53

PERIODO n SALDO DEL CAPITAL INTERES AMORTIZACION PAGO

0.00 15000.00
1.00 271.31 102.96 374.27
2.00 0.00 0.01 0.01
3.00 -0.30 0.00 0.30 0.30
4.00 -0.45 -0.01 0.16 0.15
5.00 -0.46 -0.01 0.01 0.00
6.00 -0.47 -0.01 0.01 0.00
TOTALES
para el estado de resultados
GASTO FINANCIERO ANUAL
28760.76
PARA EL ESTADO DE SITUACION FINANCIERA
PASIVO DE CORTO PLAZO 39,707.75
PASIVO DE LARGO PLAZO 110,292.25
150,000.00

perido n saldo capital interes amortizacionpago

0 150,000.00
1 147,007.43 2713.14 2,992.57 5,705.71
2 143,960.73 2659.01 3,046.70 5,705.71
3 140,858.92 2603.90 3,101.81 5,705.71
4 137,701.01 2547.80 3,157.91 5,705.71
5 134,485.98 2490.68 3,215.03 5,705.71
6 131,212.80 2432.53 3,273.18 5,705.71
7 127,880.41 2373.32 3,332.39 5,705.71
8 124,487.75 2313.05 3,392.66 5,705.71
9 121,033.72 2251.68 3,454.03 5,705.71
10 117,517.22 2189.21 3,516.50 5,705.71
11 113,937.11 2125.60 3,580.11 5,705.71
12 110,292.25 2060.85 3,644.86 5,705.71
AO 1 110,292.25 28760.76 39707.75 68468.51
13 106,581.46 1994.92 3,710.79 5,705.71
14 102,803.55 1927.80 3,777.91 5,705.71
15 98,957.31 1859.47 3,846.24 5,705.71
16 95,041.50 1789.90 3,915.81 5,705.71
17 91,054.86 1719.07 3,986.64 5,705.71
18 86,996.11 1646.96 4,058.75 5,705.71
19 82,863.96 1573.55 4,132.16 5,705.71
20 78,657.05 1498.81 4,206.90 5,705.71
21 74,374.06 1422.72 4,282.99 5,705.71
22 70,013.60 1345.25 4,360.46 5,705.71
23 65,574.27 1266.38 4,439.33 5,705.71
24 61,054.64 1186.08 4,519.63 5,705.71
AO 2 61,054.64 19230.90 49237.61 68468.51
25 56,453.26 1104.33 4,601.38 5,705.71
26 51,768.65 1021.10 4,684.61 5,705.71
27 46,999.31 936.37 4,769.34 5,705.71
28 42,143.71 850.10 4,855.61 5,705.71
29 37,200.28 762.28 4,943.43 5,705.71
30 32,167.43 672.86 5,032.85 5,705.71
31 27,043.55 581.83 5,123.88 5,705.71
32 21,827.00 489.15 5,216.56 5,705.71
33 16,516.09 394.80 5,310.91 5,705.71
34 11,109.11 298.74 5,406.97 5,705.71
35 5,604.34 200.94 5,504.77 5,705.71
36 0.00 101.37 5,604.34 5,705.71
AO 3 0.00 7413.87 61054.64 68468.51
103397.19 238,945.36 342,342.55

para el estado de resultados
GASTO FINANCIERO ANUAL
28760.76
PARA EL ESTADO DE SITUACION FINANCIERA
PASIVO DE CORTO PLAZO 39,707.75
PASIVO DE LARGO PLAZO 110,292.25
150,000.00
FORMULA DE INTERES
I = F*b / c = F * i
F= 1000.00
b= 4.00% ANYUAL
c= 2.00 SEMESTRAL
i= 2.00%
FV = 20.00
INTERES 20 SEMESTRAL
COBRO FINAL 1000.00
n 0 1
FLUJO (772.17) 100.00
TIR = 5.00%
VAN = 772.17
TIR = TASA INTERNA DEL RETORNO

VAN= VALOR ACTUAL NETO
P= 25000
n FLUJO
0 (25,000.00)
1 100.00
2 200.00
3 (500.00)
4 3,000.00
5 3,000.00
6 3,000.00
7 3,000.00
8 3,000.00
9 3,000.00
10 3,000.00
11 3,000.00
12 3,000.00
TIR 0.87% 0.87%
VAN = 25,000.00
periodo flujo
0 (5,000.00)
1 1,200.00
2 1,200.00
3 1,200.00
4 1,200.00
5 1,200.00
CUANTO PAGA DE TIR 6.40%
TASA VAN
0.00
0.00%
0.64%
1.28%
2.56%
3.20%
3.84%
4.48%
5.12%
5.76%
6.40%
7.04%
7.68%
8.32%
DESDE EL PUNTO DE VISTA DE BANCOLA MAXIMA TASA PARA NO GGANAR NI PERDER SERIA 6.40
PUNTO DE VISTA
VAN NO PERIDICO
i= 6.40%
PERIODO FLUJO
1/1/2017 (5,000.00)
2/12/2017 800.00
3/23/2017 1,000.00
5/4/2017 500.00
5/26/2017 100.00
6/30/2017 900.00
VAN = (1,759.28)
TIR (0.74)
VAN = (1,759.28)
FECHA DE DUDA 6/30/2017
FECHA DE PAGO 8/29/2017
n= 2.00
VALOR FUTURO PARA LA CANCELACION 1,991.76
FECHA DE DEUDA 6/30/2017

PLAZO 6
PERIODO FLUJO
0 (1,759.28)
1 362.31
2 362.31
3 362.31
4 362.31
5 362.31
6 362.31
TIR 6.40%
VAN = 0.00
i= 6.40%
periodo flujo VALORES PRESENTES
0 (5,000.00)
1 1,200.00
2 1,200.00
3 1,200.00
4 1,200.00
5 1,200.00
CUANTO PAGA DE TIR 6.40%
VAN
i= 15%
periodo flujo neto VALORES PRESENTE

0 (25,000.00) (25,000.00)
1 200.00 173.91
2 500.00 378.07
3 1,000.00 657.52
4 5,000.00 2,858.77
5 7,000.00 3,480.24
6 7,000.00 3,026.29
7 6,000.00 2,255.62
8 2,000.00 653.80
9 500.00 142.13
10 200.00 49.44
11 (500.00) (107.47)
12 (2,000.00) (373.81)
VAN (11,805.49) (11,805.49)

tir 1.45%
periodo flujo
0 (5,000.00)
1 1,200.00
2 1,200.00
3 1,200.00
4 1,200.00
5 1,200.00
ACTUALIZAR VAN =
FORMULA DE INTERES
I = F*b / c = F * i
F= 5000.00
b= 6.00% ANUAL
c= 4.00 TRIMESTRAL
i= 1.50%
FV = 10.00
INTERES 75 TRIMESTRAL
COBRO FINAL 5000.00
A= 100.00
I= 5.00%
n= 10.00
P= 772.17
A= 100.00
fin de periodo
2 3 4 5
100.00 100.00 100.00 100.00
ES EL VALOR ACTUALIZADO DE LOS FLUJOS DEL FUTURO

i= 6.4026%
periodo flujo
0 (5,000.00)
1 1,200.00
2 1,200.00
3 1,200.00
4 1,200.00
5 1,200.00
ACTUALIZAR VAN = 0.00
SENSIBILIZACION DEL VAN

12.00
10.00
8.00
6.00
4.00
2.00
0.00
0.00% 0.64% 1.28% 2.56% 3.20% 3.84% 4.48% 5.12% 5.76% 6.40% 7.04% 7.68% 8.32%
NO GGANAR NI PERDER SERIA 6.40
CUANDO ES UNIFORME ES LA TIR
TIR NO PERIODICO
MESES
periodo flujo
12/31/2017 (5,000.00)
1/30/2017 1,200.00
3/1/2017 1,200.00
3/31/2017 1,200.00
4/30/2017 1,200.00
5/30/2017 1,200.00
tir.no.per -0.2153501727 la tir no periodica calCula la tasa efectiv

i=
FORMULA DE INTERES
I = F*b / c = F * i
F= 10000.00
b= 6.00% ANUAL
c= 2.00 SEMESTRAL
i= 3.00%
FV = 15.00
INTERES 300 SEMESTRAL

COBRO FINAL 10000.00
FORMULA P/A,P?
A= 300
i =ROA 8%
i= 4%
n= 30
P1= S/.5,187.61
FORMULA P/A,P?
F= 10000
i= 4%
n= 30
P2= S/.3,083.19
S/.8,270.80
FORMULA P/A,P?
A= 300
i =ROA 6%
i= 3%
n= 30
P1= S/.5,880.13
FORMULA P/A,P?
F= 10000.00
i= 3%
n= 30
P2= S/.4,119.87
S/.10,000.00
S/.100.00
6 7 8 9 10
100.00 100.00 100.00 100.00 100.00
tir
odica calCula la tasa efectiva anual considerando 365 al ao
3.13
VALOR DE ADQUISICION DE LAS ACCIONES 100.00
VALOR DESPUSDE UN AO 120.00
DIVIDENDOS DESPUES DE UN AO 5.00
RENDIMIENTO DE UNA ACION 25.00%
VALOR DE ADQUISICION DE LAS ACCIONES 100.00

VALOR DESPUSDE UN AO 70.00
RENDIMIENTO DE UNA ACION (25.00%)
VALOR DE ADQUISICION DE LAS ACCIONES 25.0%

VALOR DESPUSDE UN AO 50.00%
DIVIDENDOS DESPUES DE UN AO (25.00%)
RENDIMIENTO DE UNA ACION 0.00


DIVIDENDOS DESPUES DE UN AO 10.00%
TIR ES LA QUE MIDE LO QUE GANO O PIERDO
3.20
TMAR
PERIODO 0
FLUJO NETO (100,000.00)
VAN 1,876.61
TIR 20.76%
TMAR<TIR
TIR
NAN CON LA TIR 0.00
TMAR 21.00%
VAN (581.11)
3.21
TMAR
AO
0
1
2
3
4
5
TASA VAN
1,876.61
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
PERIODO 0
FLUJO NETO (100,000.00)
TIR 20.7601%
AO FLUJO NETO
0 (100,000.00)
1 26,000.00
2 31,000.00
3 33,000.00
4 40,000.00
5 50,500.00
VAN
3.25
AO 0
FLUJO NETO (25,000.00)
TIR
INDICE PROMEDIO MENSUAL 1/

INDICE PROMEDIO
2015
ENERO 7651.60
FEBRERO 7981.50
MARZO 8376.70
ABRIL 8706.90
MAYO 9005.90
JUNIO 9322.20
JULIO 9715.90
AGOSTO 10121.20
SETIEMBRE 10456.00
OCTUBRE 10861.20
NOVIEMBRE 11243.30
DICIEMBRE 11735.40
PROMEDIO 9598.15
1/IPC DICIEMBRE 2014
20.00%
1 2 3 4 5
26,000.00 31,000.00 33,000.00 40,000.00 50,500.00
ME PAGA 20% Y ADICIONALMENE ME DEJA 1876

QUE LA TIR SERA MAYOR QUE 20% NO SE GANA NI SE PIERDE
(
20.76%
0.00
CON TASAS MENORES A LA TIR SE GANA,CON TASA IGUALES NO SE GANA NI SE PIERDE, CON TASA MAYORES A LA TIR SE PIERD
20.00%
FLUJO NETO ACTUALIZACION

(100,000.00) (100,000.00)
26,000.00 21,666.67
31,000.00 21,527.78
33,000.00 19,097.22
40,000.00 19,290.12
50,500.00 20,294.82
VAN 1,876.61
VAN
12.00
10.00
8.00
6.00
4.00
2.00
0.00
0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35
8.00
6.00
4.00
2.00
0.00
0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35
1 2 3 4 5
26,000.00 31,000.00 33,000.00 40,000.00 50,500.00
20.7601%
ACTUALIZACION
(100,000.00)
21,530.30
21,257.64
18,738.89
18,809.04
19,664.13
0.00
1 2 3 4 5
4,000.00 5,000.00 6,000.00 7,000.00 8,000.00
5.7151%
DICE PROMEDIO MENSUAL 1/

2016
#DIV/0!
Y ADICIONALMENE ME DEJA 1876,61
N TASA MAYORES A LA TIR SE PIERDE

nominal 53.6346%
1 opcion a
mes 0 1 2 3 4
flujo -60,000.00 8,000.00 10,000.00 15,000.00 25,000.00
obcion b
mes 0 1 2 3 4
flujo -60,000.00 31,000.00 18,400.00 8,300.00 5,100.00
I= 6% tasa mensual efectiva

2
1/10/2017 -6,000.00 1/10/2017
2/9/2017 1,200.00 2/9/2017
3/16/2017 900.00 3/16/2017
4/25/2017 1,000.00 4/25/2017
-2,931.65
-2931.65
MTODO FRANCS CON DOS MESES DE GRACIA

P= 12,000.00
n= 8.00
i= 1.88% MENSUAL
periodo n saldo capital inters

0 12,000.00
1 12,225.23 0.00
2 12,450.46 0.00
3 12,675.69 0.00
4 12,900.92 0.00
5 9,765.09 242.14
6 6,570.40 183.28
7 3,315.74 123.32
8 0.00 62.23
TOTAL 610.98
-1400 2800
0 1
-14000 2800
TMAR
MES 0
INGRESOS
EGRESOS 1,500.00
CONCLUSION -1,500.00
4.47%
5 6
10,000.00 5,000.00 2,847.2145397 aaaaa
5.92% 2,847.2145397
5 6
4,000.00 2,000.00 2,847.2118762
6.90%
-3,068.35
1,200.00
900.00
1,000.00
0.00
TEA 25%
Amortizacionpago
0.00 0.00 225.23118146

0.00 0.00
0.00 0.00
0.00 0.00
3,135.84 3,377.98
3,194.69 3,377.98
3,254.65 3,377.98
3,315.74 3,377.98
12,900.92 13,511.90
3080 3388 3726.8 4099.48

2 3 4 5
3080 3388 3726.8 4099.48
6.60%
280
5%
1 2 3 4 5
2,500.00 2,800.00 3,000.00 3,600.00 2,000.00
1,625.00 1,820.00 1,950.00 2,340.00 1,300.00
875.00 980.00 1,050.00 1,260.00 700.00
S/.2,714.33 GANA
a
mes 0 1 2 3 4
flujo -50,000.00 8,000.00 10,000.00 15,000.00 25,000.00
b mes 0 1 2 3 4
flujo -50,000.00 31,000.00 18,400.00 8,300.00 5,100.00
6%
1/2/2017 -5000 1/2/2017
2/1/2017 1000 2/1/2017
3/8/2017 800 3/8/2017
4/17/2017 700 4/17/2017
-2524.67
3
4
0 1 2 3
-12000 2500 2750 3025
8.03%
tmar 6%
mes 0 1 2 3
ingreso} 2500 2800 3000
egreso 2000 1500 1680 1800
saldo -2000 1000 1120 1200
2686.16 gana
54% 4%
5 6
10,000.00 5,000.00 12,847.214540
12,847.21
5 6
4,000.00 2,000.00 12,847.211876
-2475.33
1000
800
700
0.00
4 5
3327.5 3660.25
4 5
3600 2000
2160 1200
1440 800
RENTA PERPETUA
2.49
formula A= P*i
P= 310000.00
i anual= 42.00%
i trimestral= 10.50%
A= 32550.00
GRADIENTE UNIFORME
2.50
Formula a1/g, a1?
a1= g*(1/i-n/i*(i/((1+i)^n-1)))
(Fc/A= 1000, 10% ; 20)
a= 4,000.00
g= 1,000.00
i= 10.00%
n= 20.00
a1= 6,508.08
A = a +a1
A= 10,508.08
FORMULA P/A, P?
A= 10,508.08
i= 10.00%
n= 20.00
P= 89,461.17
PERIODO 0 1 2
a= 4000 4000
g= 0 1000
a+g= 4000 5000
P= S/.89,461.17
Pg= S/.55,406.91 S/.10,508.08
FLUJO DE
i= 4%
PERIODO 0 1 2
FLUJO 200000 30000 30000
S/.579,778.91
P= 200000
i= 4% MENSUAL
A= 30000
n= 18
P= S/.579,778.91
AA= 35000
i= 4% MENSUAL
n= 25
P= S/.568,643.71
PERIODO 0 1 2
FLUJO 35000 35000 35000
P= 300000.00
i= 4%
F= 400000.00
n= 12
P= S/.549,838.82
PERIODO 0 1 2
FLUJO 300000 0 0
549,838.82
RESUMEN
ALTERNATIVA a) S/.579,778.91
ALTERNATIVA b) S/.568,643.71
ALTERNATIVA c) 549,838.82
DECISION 549,838.82 c
TASA
579,778.91 568,643.71
0% 0%
1% 1%
2% 2%
3% 3%
4% 4%
5% 5%
6% 6%
7% 7%
8% 8%
9% 9%
10% 10%
11% 11%
12% 12%
EVALUACION DE ALTERNATIVAS
12.00
10.00
8.00
6.00
4.00
2.00
0.00
0% 1% 2%Col umn
3% D 4% Col
5% umn6%
F 7% Col umn
8% H 9% 10% 11% 1


0.00 15000.00
1.00 0.00 0.00
2.00 0.00 0.00
3.00 -12.00 0.00 12.00
4.00 -18.00 0.00 6.00
5.00 -18.02 0.00 0.02
6.00 -18.02 0.00 0.00
TOTALES


0.00 15000.00
1.00 0.00 0.00
2.00 0.00 0.00
3.00 -12.00 0.00 12.00
4.00 -18.00 0.00 6.00
5.00 -18.02 0.00 0.02
6.00 -18.02 0.00 0.00
TOTALES
SERVICIO A LA DEUDA MTODO AMERICANO

0.00 15000.00
1.00 15,000.00 271.31 0.00
2.00 15,000.00 271.31 0.00
3.00 15,000.00 271.31 0.00
4.00 15,000.00 271.31 0.00
5.00 15,000.00 271.31 0.00
6.00 0.00 271.31 15000.00
TOTALES 1627.88 15000.00
interesnconstante
amortizacion cero hasta e ultimo
saldo capital igua hasta el ultimo
P= 25000
n FLUJO
0 (25,000.00)
1 3,000.00
2 3,000.00
3 3,000.00
4 3,000.00
5 3,000.00
6 3,000.00
7 3,000.00
8 3,000.00
9 3,000.00
10 3,000.00
11 3,000.00
12 3,000.00
TIR 6.11%
A= 300.00
i= 3% SEMESTRAL
n= 30.00
F= 10,000.00
VA 5,880.13 VA DE ANUALIDAFDES
VA 4,119.87 VALOR NOMINAL DEL BONO
10,000.00
VA 10,000.00
TASA VALOR ACTUAL

10,000.00
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
12.00
10.00
8.00
6.00
4.00
2.00
-
0% 1% 2%
3 4 5 6 7 8
4000 4000 4000 4000 4000 4000
2000 3000 4000 5000 6000 7000
6000 7000 8000 9000 10000 11000
3 4 5 6 7 8
30000 30000 30000 30000 30000 30000
3 4 5 6 7 8
35000 35000 35000 35000 35000 35000
3 4 5 6 7 8
0 0 0 0 0 0
549,838.82
0% 700,000.00 c
1% 0.00 c
2% 0.00 c
3% 0.00 c
4% 0.00 c
5% 0.00 b
6% 0.00 b
7% 0.00 b
8% 0.00 b
9% 0.00 b
10% 0.00 b
11% 0.00 b
12% 0.00 b
AS
umn
8% H 9% 10% 11% 12%
P= 15,000.00
n= 6.00
i= 1.81%
PAGO FLUJO
(15,000.00) periodo n saldo capital
0.00 0 S/.15,000.00
0.00 1 S/.12,610.68
12.00 2 S/.10,178.15
6.00 3 S/.7,701.62
0.02 4 S/.5,180.29
0.00 5 S/.2,613.36
TIR Err:523 6 S/.0.00
MTODO FRANCS CON DOS MESES DE GRACIA PAGANDO SOLO INTERESES

P= 15,000.00
n= 6.00
i= 1.81%
periodo n saldo capital inters

0 15,000.00
1 15,000.00 271.31
2 15,000.00 271.31
PAGO 3 11,350.22 271.31
4 7,634.43 205.30
0.00 5 3,851.43 138.09
0.00 6 0.00 69.66
12.00 TOTAL 1,226.99
6.00
0.02
0.00
METODO ALEMN p=
n=
i=
PERIODO n SALDO DEL CAPITA

0.00 15000.00
1.00 12500.00
2.00 10000.00
3.00 7500.00
4.00 5000.00
5.00 2500.00
PAGO 6.00 0.00
pago = TOTALES
271.31 interes + amortizacion
271.31
271.31
271.31
271.31
15271.31
16627.88
LA PERSONA QUE QUIERE GANAR MAS PAGA MENOS PO0R EL BONO
VALOR DE UN BONO SEGUN EXPECTATIVAS
12.00
10.00
8.00
6.00
4.00
2.00
-
0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10%
9 10 11 12 13 14 15
4000 4000 4000 4000 4000 4000 4000
8000 9000 10000 11000 12000 13000 14000
12000 13000 14000 15000 16000 17000 18000
9 10 11 12 13 14 15
30000 30000 30000 30000 30000 30000 30000
9 10 11 12
35000 35000 35000 35000
9 10 11 12
0 0 0 400000
inters Amortizacion pago
S/.271.31 S/.2,389.32 S/.2,660.63

S/.228.10 S/.2,432.53 S/.2,660.63
S/.184.10 S/.2,476.53 S/.2,660.63
S/.139.30 S/.2,521.33 S/.2,660.63
S/.93.70 S/.2,566.93 S/.2,660.63
S/.47.27 S/.2,613.36 S/.2,660.63
S/.963.78 S/.15,000.00 ###
OLO INTERESES MTODO FRANCS CON DOS MESES D
Amortizacion pago
0.00 271.31
0.00 271.31
3,649.78 3,921.09
3,715.79 3,921.09
3,783.00 3,921.09
3,851.43 3,921.09
15,000.00 16,226.99
15000
6
1.81%
INTERES AMORTIZACIONPAGO pago = amortizacion + interes

amortizac. = capital inicial / el numero de periodos
271.31 2500.00 2771.31 inters = saldo capital * tasa
226.09 2500.00 2726.09
180.88 2500.00 2680.88
135.66 2500.00 2635.66
90.44 2500.00 2590.44
45.22 2500.00 2545.22
15000.00
16 17 18 19 20
4000 4000 4000 4000 4000
15000 16000 17000 18000 19000
19000 20000 21000 22000 23000
16 17 18
30000 30000 30000
MTODO FRANCS CON DOS MESES DE GRACIA
P= 15,000.00
n= 6.00
i= 1.81%
periodo n saldo capital inters Amortizacionpago

0 15,000.00
1 15,271.31 0.00 0.00 0.00
2 15,547.53 0.00 0.00 0.00
3 11,764.53 281.22 3,783.00 4,064.22
4 7,913.10 212.79 3,851.43 4,064.22
5 3,992.01 143.13 3,921.09 4,064.22
6 0.00 72.21 3,992.01 4,064.22
TOTAL 709.34 15,547.53 16,256.88
20%
0 2000
3 5000
6 9000
7 8000
###
5%
1 2 3 4 5
-30000 3000 4000 6000 8000 0
S/.1,681.78
1 2 3 4 5
-30000 2000 8000 5000 3000 0
S/.872.60
6
18000
6
20000
examen parcial
FILA 1
1 1
p 25000
n 20 mes
AA 1500
TEM 2.01% TNS
TES 12.67% 12.05%
2
2
P 12000
A 1981.13
TNA 48.00%
TNM 4.00%
TET 12.49%
3 3
TET 15.00% TEM 4.77%
n 6
F 85000
AA S/. 11,997.20
4
4
A 5796.42
TNA 42.00% TNM 3.50%
F 68000
n 10
5
p 3000 5
n 5 trimestral
TES 12.00%
TET 5.83%
AA S/. 669.85
parcial
FILA 2
P 38000
n 24 MESES
AA 2000
TEM 2.15%
TNS 12.89%
P 15000
A 2069.7
TNA 48.00% TNM
TEM 4.00%
TET 12.49%
n 20
TET 15.00% TEM 4.77%

N 12 MES
F 85000
AA S/. 5,165.64
A 4590.99
TNA 45.00% TNM 3.75%
F 68000
N 12
P 3100
N 6 TRIMESTRALES
TES 15.00%
TET 7.24%
AA S/. 610.93

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F=?

S.1 F=? P=?

S.2 I=? P=?

S.4 F=? P=?

0.05 1 0.05 6 6 1 0.05

Los ingresos son mayores que los egresos.

La empresa obtiene utilidades

La empresa en el ao 2014 resgistr ingresos de S/ 6000, egresos de S/ 5000 y un resultado de

56 7.090076836 1200 13.99783211 1200000

A F = 35000 F= 40000 F = 50000 F = 55000

La tasa de inters simple es de0,32

Fechas i anual i diario n por periodo i*n

Fechas i anual i diario n por periodo i*n

Saldo al 01/02/2015 3,500.00

Saldo Numerales tasa Interes

P = S/. 10000 i=?

i = 30% I = S/. 555

P = S/. 8000 i = 5% i=?

F = 7933,34 n = 3 Aos = 36 Meses = 12 Trimestres

P = S/. 95000 i = 45%

Tasa efectiva n Tas efectiva Demostracin Tasa nominal

FRMULA P/F,P? FRMULA

FRMULA A/F,A? FRMULA

FRMULA AA/F,AA? FRMULA

FRMULA A/P,A? FRMULA

FRMULA AA/P,AA? FRMULA

FRMULA P/F,P? FRMULA

FRMULA A/F,A? FRMULA

FRMULA AA/F,AA? FRMULA

FRMULA A/P,A? FRMULA

FRMULA AA/P,AA? FRMULA

FRMULA F/A, F? FRMULA

FRMULA F/AA, F? FRMULA

A/F,A? FRMULA A/F,i? FRMULA

AA/F,AA? FRMULA AA/F,i?

Fin de ao Prstamo Intereses

Tasa Efectiva Perodos

Tasa Efectiva Capitalizacin Tasa Anual Efectiva Tasa Anual Nominal

1.50% Mensual 19.56182% 18.00000%

Perodos Tasa Tasa Efectiva

Perodos Hallar la Respuesta

TASA NOMINAL TASA EFECTIVA

Perodos Hallar la Respuesta Respuesta

Perodos Hallar la Respuesta Perodos

F1 = 95 000 F2 = 130 000 F3 = 280 000 P = 356 000

P = 356 000 P = 200 00

F = 35 000 F = 40 000 F = 50 000

Monto del prstamo 1,000,000.00

Perodo Saldo inicial Inters Capital

Se actualiza al perodo 0: Se capitaliza al perodo 1

Se actualiza al perodo 0: Se capitaliza al perodo 1:

P=? F=? P = 89 793

i = 40%/4 = 10% i = 50%

F=? P=? A = 2 900

Anualida vencida a partir del ao 25 hasta el ao 55

anualidad vencida a partir del ao 55:

a) Formula a1/g, a1?

A = 150000 V = 25000 P = 500000

i = 60% / 4 = 15% i = 48% / 12 = 4%

formula Fc/P, Fc? formula

formula Fc/A, Fc? Formula

Formula Pc/A, Pc? Formula

Formula a1/g, a1?