FUNDACIN UNIVERSITARIA TECNOLGICO COMFENALCO

FACULTAD DE INGENIERA

INGENIERA ECONMICA

MODELOS DE VALORES EQUIVALENTES EN EL TIEMPO

PRESENTADO POR
FENIX PINEDA BONILLA
CODIGO: 14210047

PRESENTADO A
FELIPE BUENDA HERNNDEZ

CARTAGENA COLOMBIA
20 DE OCTUBRE DE 2015

INTRODUCCION

Valor del dinero en el tiempo, uno de los principios ms importantes en todas las finanzas. El
dinero es un activo que cuesta conforme transcurre el tiempo, permite comprar o pagar a
tasas de inters peridicas (diarias, semanales, mensuales, trimestrales, entre otras.). Es el
proceso del inters compuesto, los intereses pagados peridicamente son transformados
automticamente en capital. El inters compuesto es fundamental para la comprensin de
las matemticas financieras.

Encontramos los conceptos de valor del dinero en el tiempo agrupados en dos reas: valor
futuro y valor actual. El valor futuro (VF) describe el proceso de crecimiento de la inversin a
futuro a un inters y perodos dados. El valor actual (VA) describe el proceso de flujos de
dinero futuro que a un descuento y perodos dados representa valores actuales.
anzas. El
agar a
). Es el
ados
in de

: valor
ersin a
s de
 EJERCICIO

Un estudiante proyecta realizar una especializacion en gerencia financiera para iniciar en agosto
de 2016. El valor del primer semestre es 3.400.000 pesos. Si el estdiante tien la capacidad de
hacer un deposito en un banco que le reconoce un 5,4% Cuanto es el valor a depositar a mas
tardar a finaes del mes en curso?

DATOS CONOCIDOS $ 3,183,671

fecha final 31-Jul-16 VP= -$ 3,183,671
valor futuro $ 3,400,000
tasa E.A 5.4%
fecha inicio 1-Apr-15
VP $ 3,183,671 1-Apr-15 0.439%
0 1
DATOS CALCULADOS
CALCULO FORMULA FUNCION
n_per_1ao/mes 12
n_per (plazo) 15
pago 0
tasa por mes 0.439% 0.439%
VP= $ 3,183,671 -$ 3,183,671
n agosto
ad de
a mas

0.439% 0.439% 0.439% 0.439% 0.439% 31-Jul-16

2 14 n= 15

VF= $ 3,400,000
 EJERCICIO

si hoy se depositan $1.000.000 en una corporacion que reconoce el 5% trimestral al cabo de 2 aos.
cual sera el valor futuro?

DATOS CONOCIDOS
VP 1,000,000
tasa periodica 5%
nper(ao) 2
nper_1ao(trimestral) 4
1,477,455 5%
VF
(1,477,455) 0 1

DATOS CONOCIDOS
CALCULOS FORMULA FUNCION
#periodos 8
VF 1,477,455 (1,477,455) VP= 1,000,000
aos.

VF= 1,477,455
-$ 1,477,455

5% 5% 5% 5% 5%
2 7 n= 8
 EJERCICIO

Una vivienda tiene un costo de $78.000.000 y una cuota inicial del 20%. La entidad
financiera otorga un plazo de 10 aos y una tasa del 0,90% para financiar el valor
restante de la vivienda. Cuanto es el valor de la Anualidad o cuota mensual?

DATOS CONOCIDOS
Vr. Vivienda 78,000,000 VP= ###
cuota inicial 20%
tasa periodica (M,V) 0.90%
plazo (aos) 10 0.90% 0.90%
n_per_meses_1ao 12 0 1 2
anualidad o cuota mensual 852,511

DATOS CALCULADOS
CALCULO FORMULA FUNCION
n_per_plazo 120
Vr. Cuota inicial 15,600,000
Vr. Credito 62,400,000
anualidad o cuota mensual 852,511 (852,511)

PERIODO CUOTA INTERES AMORTIZACION SALDO

0 62,400,000
1 852,511 561600 290,911 62,109,089
2 852,511 558981.80192 293,529 61,815,560
3 852,511 556340.04005 296,171 61,519,389
4 852,511 553674.50233 298,836 61,220,553
5 852,511 550984.97477 301,526 60,919,027
6 852,511 548271.24146 304,240 60,614,787
7 852,511 545533.08455 306,978 60,307,809
8 852,511 542770.28423 309,741 59,998,069
9 852,511 539982.6187 312,528 59,685,540
10 852,511 537169.86419 315,341 59,370,199
11 852,511 534331.79488 318,179 59,052,020
12 852,511 531468.18295 321,043 58,730,978
13 852,511 528578.79852 323,932 58,407,046
14 852,511 525663.40962 326,847 58,080,198
15 852,511 522721.78222 329,789 57,750,409
16 852,511 519753.68018 332,757 57,417,652
17 852,511 516758.86522 335,752 57,081,900
18 852,511 513737.09692 338,774 56,743,126
19 852,511 510688.13271 341,823 56,401,303
20 852,511 507611.72782 344,899 56,056,404
21 852,511 504507.63529 348,003 55,708,401
22 852,511 501375.60593 351,135 55,357,265
23 852,511 498215.3883 354,296 55,002,970
24 852,511 495026.72871 357,484 54,645,486
25 852,511 491809.37118 360,702 54,284,784
26 852,511 488563.05744 363,948 53,920,836
27 852,511 485287.52687 367,223 53,553,613
28 852,511 481982.51653 370,528 53,183,085
29 852,511 478647.7611 373,863 52,809,221
30 852,511 475282.99287 377,228 52,431,994
31 852,511 471887.94172 380,623 52,051,371
32 852,511 468462.33511 384,049 51,667,322
33 852,511 465005.89804 387,505 51,279,817
34 852,511 461518.35304 390,993 50,888,824
35 852,511 457999.42014 394,511 50,494,313
36 852,511 454448.81684 398,062 50,096,251
37 852,511 450866.25811 401,645 49,694,606
38 852,511 447251.45635 405,259 49,289,347
39 852,511 443604.12137 408,907 48,880,440
40 852,511 439923.96038 412,587 48,467,853
41 852,511 436210.67794 416,300 48,051,553
42 852,511 432463.97596 420,047 47,631,506
43 852,511 428683.55366 423,827 47,207,679
44 852,511 424869.10756 427,642 46,780,037
45 852,511 421020.33144 431,491 46,348,546
46 852,511 417136.91634 435,374 45,913,172
47 852,511 413218.55051 439,292 45,473,880
48 852,511 409264.91938 443,246 45,030,634
49 852,511 405275.70557 447,235 44,583,399
50 852,511 401250.58884 451,260 44,132,138
51 852,511 397189.24606 455,322 43,676,817
52 852,511 393091.35119 459,420 43,217,397
53 852,511 388956.57526 463,554 42,753,843
54 852,511 384784.58636 467,726 42,286,117
55 852,511 380575.04955 471,936 41,814,181
56 852,511 376327.62692 476,183 41,337,997
57 852,511 372041.97748 480,469 40,857,529
58 852,511 367717.75719 484,793 40,372,735
59 852,511 363354.61892 489,156 39,883,579
 60 852,511 358952.21241 493,559 39,390,020
61 852,511 354510.18424 498,001 38,892,020
62 852,511 350028.17781 502,483 38,389,537
63 852,511 345505.83333 507,005 37,882,532
64 852,511 340942.78775 511,568 37,370,964
65 852,511 336338.67475 516,172 36,854,792
66 852,511 331693.12474 520,818 36,333,974
67 852,511 327005.76478 525,505 35,808,469
68 852,511 322276.21858 530,235 35,278,234
69 852,511 317504.10647 535,007 34,743,227
70 852,511 312689.04534 539,822 34,203,405
71 852,511 307830.64867 544,680 33,658,725
72 852,511 302928.52642 549,582 33,109,143
73 852,511 297982.28508 554,529 32,554,614
74 852,511 292991.52756 559,519 31,995,095
75 852,511 287955.85323 564,555 31,430,540
76 852,511 282874.85782 569,636 30,860,904
77 852,511 277748.13346 574,763 30,286,141
78 852,511 272575.26858 579,936 29,706,205
79 852,511 267355.84791 585,155 29,121,050
80 852,511 262089.45246 590,421 28,530,629
81 852,511 256775.65945 595,735 27,934,894
82 852,511 251414.0423 601,097 27,333,797
83 852,511 246004.1706 606,507 26,727,290
84 852,511 240545.61005 611,965 26,115,325
85 852,511 235037.92246 617,473 25,497,852
86 852,511 229480.66568 623,030 24,874,822
87 852,511 223873.39359 628,638 24,246,184
88 852,511 218215.65605 634,295 23,611,889
89 852,511 212506.99887 640,004 22,971,885
90 852,511 206746.96378 645,764 22,326,121
91 852,511 200935.08837 651,576 21,674,545
92 852,511 195070.90608 657,440 21,017,105
93 852,511 189153.94615 663,357 20,353,748
94 852,511 183183.73358 669,327 19,684,421
95 852,511 177159.7891 675,351 19,009,070
96 852,511 171081.62912 681,429 18,327,641
97 852,511 164948.7657 687,562 17,640,079
98 852,511 158760.70651 693,750 16,946,328
99 852,511 152516.95479 699,994 16,246,334
100 852,511 146217.0093 706,294 15,540,040
101 852,511 139860.3643 712,651 14,827,390
102 852,511 133446.50949 719,064 14,108,326
103 852,511 126974.92999 725,536 13,382,790
104 852,511 120445.10628 732,066 12,650,724
105 852,511 113856.51416 738,654 11,912,069
106 852,511 107208.6247 745,302 11,166,767
107 852,511 100500.90424 752,010 10,414,757
108 852,511 93732.814294 758,778 9,655,979
109 852,511 86903.81154 765,607 8,890,372
110 852,511 80013.347761 772,498 8,117,874
111 852,511 73060.869808 779,450 7,338,424
112 852,511 66045.819553 786,465 6,551,959
113 852,511 58967.633846 793,543 5,758,416
114 852,511 51825.744468 800,685 4,957,731
115 852,511 44619.578085 807,891 4,149,840
116 852,511 37348.556205 815,162 3,334,677
117 852,511 30012.095128 822,499 2,512,178
118 852,511 22609.605901 829,901 1,682,277
119 852,511 15140.494272 837,370 844,907
120 852,511 7604.1606372 844,907 0
62,400,000
 0.90% 0.90% 0.90% 0.90% 0.90%
3 119 nper= 120

Anualidad= 852,511
(852,511)
 EJERCICIO

Una persona ha efectuado un prstamo de $15.000.000 para comprar un automvil y se le

fijan cuotas mensuales durante cinco aos al 21% nominal liquidado mensualmente. Cual
es el valor de la cuota mensual?

DATOS CONOCIDOS
valor deuda 15,000,000 1.75%
tasa nominal 21% 0 1
plazo (aos) 5
periodos_plazo 12
405,800
anualidad
-405,800

DATOS CALCULADOS
CALCULADOS FORMULA FUNCION
#periodos_plazo 60
tasa periodica 1.75%
anualidad 405,800 (405,800)

PERIODO CUOTA INTERES CAPITALIZACION MONTO

0 0
1 405,800 0 405,800 405,800
2 405,800 7,102 412,902 818,702
3 405,800 14,327 420,128 1,238,830
4 405,800 21,680 427,480 1,666,310
5 405,800 29,160 434,961 2,101,271
6 405,800 36,772 442,573 2,543,843
7 405,800 44,517 450,318 2,994,161
8 405,800 52,398 458,198 3,452,359
9 405,800 60,416 466,217 3,918,576
10 405,800 68,575 474,375 4,392,951
11 405,800 76,877 482,677 4,875,628
12 405,800 85,323 491,124 5,366,752
13 405,800 93,918 499,719 5,866,471
14 405,800 102,663 508,464 6,374,935
15 405,800 111,561 517,362 6,892,296
16 405,800 120,615 526,416 7,418,712
17 405,800 129,827 535,628 7,954,340
18 405,800 139,201 545,001 8,499,341
19 405,800 148,738 554,539 9,053,880
20 405,800 158,443 564,243 9,618,123
21 405,800 168,317 574,118 ###
22 405,800 178,364 584,165 ###
23 405,800 188,587 594,387 ###
24 405,800 198,989 604,789 ###
25 405,800 209,573 615,373 ###
26 405,800 220,342 626,142 ###
27 405,800 231,299 637,100 ###
28 405,800 242,448 648,249 ###
29 405,800 253,793 659,593 ###
30 405,800 265,336 671,136 ###
31 405,800 277,081 682,881 ###
32 405,800 289,031 694,831 ###
33 405,800 301,191 706,991 ###
34 405,800 313,563 719,363 ###
35 405,800 326,152 731,952 ###
36 405,800 338,961 744,761 ###
37 405,800 351,994 757,795 ###
38 405,800 365,256 771,056 ###
39 405,800 378,749 784,549 ###
40 405,800 392,479 798,279 ###
41 405,800 406,449 812,249 ###
42 405,800 420,663 826,463 ###
43 405,800 435,126 840,926 ###
44 405,800 449,842 855,643 ###
45 405,800 464,816 870,616 ###
46 405,800 480,052 885,852 ###
47 405,800 495,554 901,355 ###
48 405,800 511,328 917,128 ###
49 405,800 527,378 933,178 ###
50 405,800 543,708 949,509 ###
51 405,800 560,325 966,125 ###
52 405,800 577,232 983,032 ###
53 405,800 594,435 1,000,235 ###
54 405,800 611,939 1,017,739 ###
55 405,800 629,750 1,035,550 ###
56 405,800 647,872 1,053,672 ###
57 405,800 666,311 1,072,111 ###
58 405,800 685,073 1,090,873 ###
59 405,800 704,163 1,109,964 ###
60 405,800 723,587 1,129,388 ###
l y se le
e. Cual

VF= ###

1.75% 1.75% 1.75% 1.75% 1.75% 1.75%

2 3 59 n= 60

anualidad= -405,800
405,800
 EJERCICIO

Una vivienda tiene un costo de $78.000.000 y una cuota inicial del 20%. La entidad
financiera otorga un plazo de 10 aos y una tasa del 0,90% para financiar el valor restante
de la vivienda. Si la persona tiene capacidad mensual de $2.000.000. Cual seria el valor a
financiar o valor del credito?

DATOS CONOCIDOS 146,391,090

pago mensual -2,000,000 VP= -146,391,090
tasa periodica (M,V) 0.90%
n_per_meses_1ao 12
plazo en ao 10 0.90%
Vr. Credito 146,391,090 0 1

DATOS CALCULADOS
CALCULO FORMULA FUNCION
n_per_plazo 120
Vr. Credito -146,391,090 146,391,090

PERIODO CUOTA INTERES AMORTIZACION SALDO

0 146,391,090
1 2,000,000 1317519.81 682,480 145,708,610
2 2,000,000 1311377.49 688,623 145,019,988
3 2,000,000 1305179.89 694,820 144,325,168
4 2,000,000 1298926.51 701,073 143,624,094
5 2,000,000 1292616.85 707,383 142,916,711
6 2,000,000 1286250.4 713,750 142,202,961
7 2,000,000 1279826.65 720,173 141,482,788
8 2,000,000 1273345.09 726,655 140,756,133
9 2,000,000 1266805.2 733,195 140,022,938
10 2,000,000 1260206.45 739,794 139,283,145
11 2,000,000 1253548.3 746,452 138,536,693
12 2,000,000 1246830.24 753,170 137,783,523
13 2,000,000 1240051.71 759,948 137,023,575
14 2,000,000 1233212.18 766,788 136,256,787
15 2,000,000 1226311.09 773,689 135,483,098
16 2,000,000 1219347.88 780,652 134,702,446
17 2,000,000 1212322.02 787,678 133,914,768
18 2,000,000 1205232.91 794,767 133,120,001
19 2,000,000 1198080.01 801,920 132,318,081
20 2,000,000 1190862.73 809,137 131,508,944
21 2,000,000 1183580.49 816,420 130,692,524
22 2,000,000 1176232.72 823,767 129,868,757
23 2,000,000 1168818.81 831,181 129,037,576
24 2,000,000 1161338.18 838,662 128,198,914
25 2,000,000 1153790.23 846,210 127,352,704
26 2,000,000 1146174.34 853,826 126,498,879
27 2,000,000 1138489.91 861,510 125,637,369
28 2,000,000 1130736.32 869,264 124,768,105
29 2,000,000 1122912.94 877,087 123,891,018
30 2,000,000 1115019.16 884,981 123,006,037
31 2,000,000 1107054.33 892,946 122,113,091
32 2,000,000 1099017.82 900,982 121,212,109
33 2,000,000 1090908.98 909,091 120,303,018
34 2,000,000 1082727.16 917,273 119,385,745
35 2,000,000 1074471.71 925,528 118,460,217
36 2,000,000 1066141.95 933,858 117,526,359
37 2,000,000 1057737.23 942,263 116,584,096
38 2,000,000 1049256.87 950,743 115,633,353
39 2,000,000 1040700.18 959,300 114,674,053
40 2,000,000 1032066.48 967,934 113,706,120
41 2,000,000 1023355.08 976,645 112,729,475
42 2,000,000 1014565.27 985,435 111,744,040
43 2,000,000 1005696.36 994,304 110,749,736
44 2,000,000 996747.628 1,003,252 109,746,484
45 2,000,000 987718.356 1,012,282 108,734,202
46 2,000,000 978607.821 1,021,392 107,712,810
47 2,000,000 969415.292 1,030,585 106,682,225
48 2,000,000 960140.029 1,039,860 105,642,366
49 2,000,000 950781.29 1,049,219 104,593,147
50 2,000,000 941338.321 1,058,662 103,534,485
51 2,000,000 931810.366 1,068,190 102,466,295
52 2,000,000 922196.659 1,077,803 101,388,492
53 2,000,000 912496.429 1,087,504 100,300,989
54 2,000,000 902708.897 1,097,291 99,203,697
55 2,000,000 892833.277 1,107,167 98,096,531
56 2,000,000 882868.777 1,117,131 96,979,400
57 2,000,000 872814.596 1,127,185 95,852,214
58 2,000,000 862669.927 1,137,330 94,714,884
59 2,000,000 852433.957 1,147,566 93,567,318
60 2,000,000 842105.862 1,157,894 92,409,424
61 2,000,000 831684.815 1,168,315 91,241,109
 62 2,000,000 821169.978 1,178,830 90,062,279
63 2,000,000 810560.508 1,189,439 88,872,839
64 2,000,000 799855.553 1,200,144 87,672,695
65 2,000,000 789054.253 1,210,946 86,461,749
66 2,000,000 778155.741 1,221,844 85,239,905
67 2,000,000 767159.143 1,232,841 84,007,064
68 2,000,000 756063.575 1,243,936 82,763,127
69 2,000,000 744868.147 1,255,132 81,507,996
70 2,000,000 733571.96 1,266,428 80,241,568
71 2,000,000 722174.108 1,277,826 78,963,742
72 2,000,000 710673.675 1,289,326 77,674,415
73 2,000,000 699069.738 1,300,930 76,373,485
74 2,000,000 687361.366 1,312,639 75,060,846
75 2,000,000 675547.618 1,324,452 73,736,394
76 2,000,000 663627.546 1,336,372 72,400,022
77 2,000,000 651600.194 1,348,400 71,051,622
78 2,000,000 639464.596 1,360,535 69,691,086
79 2,000,000 627219.778 1,372,780 68,318,306
80 2,000,000 614864.756 1,385,135 66,933,171
81 2,000,000 602398.538 1,397,601 65,535,569
82 2,000,000 589820.125 1,410,180 64,125,390
83 2,000,000 577128.506 1,422,871 62,702,518
84 2,000,000 564322.663 1,435,677 61,266,841
85 2,000,000 551401.567 1,448,598 59,818,242
86 2,000,000 538364.181 1,461,636 58,356,607
87 2,000,000 525209.459 1,474,791 56,881,816
88 2,000,000 511936.344 1,488,064 55,393,752
89 2,000,000 498543.771 1,501,456 53,892,296
90 2,000,000 485030.665 1,514,969 52,377,327
91 2,000,000 471395.941 1,528,604 50,848,723
92 2,000,000 457638.504 1,542,361 49,306,361
93 2,000,000 443757.251 1,556,243 47,750,118
94 2,000,000 429751.066 1,570,249 46,179,870
95 2,000,000 415618.826 1,584,381 44,595,488
96 2,000,000 401359.395 1,598,641 42,996,848
97 2,000,000 386971.629 1,613,028 41,383,819
98 2,000,000 372454.374 1,627,546 39,756,274
99 2,000,000 357806.464 1,642,194 38,114,080
100 2,000,000 343026.722 1,656,973 36,457,107
101 2,000,000 328113.962 1,671,886 34,785,221
102 2,000,000 313066.988 1,686,933 33,098,288
103 2,000,000 297884.591 1,702,115 31,396,172
104 2,000,000 282565.552 1,717,434 29,678,738
105 2,000,000 267108.642 1,732,891 27,945,847
106 2,000,000 251512.62 1,748,487 26,197,359
107 2,000,000 235776.233 1,764,224 24,433,135
108 2,000,000 219898.219 1,780,102 22,653,034
109 2,000,000 203877.303 1,796,123 20,856,911
110 2,000,000 187712.199 1,812,288 19,044,623
111 2,000,000 171401.609 1,828,598 17,216,025
112 2,000,000 154944.223 1,845,056 15,370,969
113 2,000,000 138338.721 1,861,661 13,509,308
114 2,000,000 121583.77 1,878,416 11,630,892
115 2,000,000 104678.024 1,895,322 9,735,570
116 2,000,000 87620.1261 1,912,380 7,823,190
117 2,000,000 70408.7073 1,929,591 5,893,598
118 2,000,000 53042.3856 1,946,958 3,946,641
119 2,000,000 35519.7671 1,964,480 1,982,161
120 2,000,000 17839.445 1,982,161 (0)
146,391,090
stante
valor a

0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%

2 3 4 5 119 nper=

Anualidad= -2,000,000
120
 EJERCICIO

El Seor Javier Quintero depositado $170.000 al final de cada mes en su cuenta de ahorro,
la entidad financiera le reconoce el 7%.
Cuanto habr en la cuenta del seor inmediatamente despues de 5 aos de ahorro?

DATOS CONOCIDOS
anualidad -170,000
tasa EA 7%
plazo (ao) 5
periodos_1ao (meses) 12 0.57%
vr.futuro -12,103,296 0 1

DATOS CALCULADOS
CALCULO FORMULA FUNCION
periodos_plazo 60
tasa nominal(mv) 6.78% 6.78%
tasa periodica (mv) 0.57% 0.57%
vr.futuro -12,103,296 12,103,296

PERIODO CUOTA INTERES CAPITALIZACION MONTO

0 0
1 170,000 0 170,000 170,000
2 170,000 961.204716 170,961 340,961
3 170,000 1927.84422 171,928 512,889
4 170,000 2899.94925 172,900 685,789
5 170,000 3877.5507 173,878 859,667
6 170,000 4860.67965 174,861 1,034,527
7 170,000 5849.36736 175,849 1,210,377
8 170,000 6843.64525 176,844 1,387,220
9 170,000 7843.54493 177,844 1,565,064
10 170,000 8849.09819 178,849 1,743,913
11 170,000 9860.33699 179,860 1,923,773
12 170,000 10877.2935 180,877 2,104,651
13 170,000 11900 181,900 2,286,551
14 170,000 12928.489 182,928 2,469,479
15 170,000 13962.7933 183,963 2,653,442
16 170,000 15002.9457 185,003 2,838,445
17 170,000 16048.9792 186,049 3,024,494
18 170,000 17100.9272 187,101 3,211,595
19 170,000 18158.8231 188,159 3,399,753
20 170,000 19222.7004 189,223 3,588,976
21 170,000 20292.5931 190,293 3,779,269
22 170,000 21368.5351 191,369 3,970,637
23 170,000 22450.5606 192,451 4,163,088
24 170,000 23538.704 193,539 4,356,627
25 170,000 24633 194,633 4,551,260
26 170,000 25733.4833 195,733 4,746,993
27 170,000 26840.1889 196,840 4,943,833
28 170,000 27953.1519 197,953 5,141,786
29 170,000 29072.4078 199,072 5,340,859
30 170,000 30197.9921 200,198 5,541,057
31 170,000 31329.9407 201,330 5,742,387
32 170,000 32468.2894 202,468 5,944,855
33 170,000 33613.0746 203,613 6,148,468
34 170,000 34764.3325 204,764 6,353,232
35 170,000 35922.0998 205,922 6,559,155
36 170,000 37086.4133 207,086 6,766,241
37 170,000 38257.31 208,257 6,974,498
38 170,000 39434.8271 209,435 7,183,933
39 170,000 40619.0021 210,619 7,394,552
40 170,000 41809.8725 211,810 7,606,362
41 170,000 43007.4763 213,007 7,819,369
42 170,000 44211.8516 214,212 8,033,581
43 170,000 45423.0365 215,423 8,249,004
44 170,000 46641.0697 216,641 8,465,645
45 170,000 47865.9898 217,866 8,683,511
46 170,000 49097.8358 219,098 8,902,609
47 170,000 50336.6468 220,337 9,122,946
48 170,000 51582.4622 221,582 9,344,528
49 170,000 52835.3217 222,835 9,567,364
50 170,000 54095.265 224,095 9,791,459
51 170,000 55362.3322 225,362 10,016,821
52 170,000 56636.5636 226,637 10,243,458
53 170,000 57917.9997 227,918 10,471,376
54 170,000 59206.6812 229,207 10,700,582
55 170,000 60502.6491 230,503 10,931,085
56 170,000 61805.9446 231,806 11,162,891
57 170,000 63116.6091 233,117 11,396,008
58 170,000 64434.6843 234,435 11,630,442
59 170,000 65760.2121 235,760 11,866,203
60 170,000 67093.2346 237,093 12,103,296
 VF= -12,103,296
12,103,296

0.57% 0.57% 0.57% 0.57% 0.57% 0.57% 0.57%

2 3 4 59 n= 60

Anualidad= -170,000
 EJERCICIO

La ingeniera Jorelyz Florez comprara una propiedad evaluada en $120.000.000, debe

pagar una cuota inicial del 30%. La entidad financiera otorga un plazo de 15 aos y una
tasa del 0,90% para financiar el valor restante de la propiedad. Cuanto es el valor de la
anualidad o cuota mensual?

DATOS CONOCIDOS VP=

vr.propiedad 120,000,000
cuota inicial 30%
tasa periodica 0.90%
plazo(ao) 15 0
nper_1ao(mes) 12
944,219
anualidad
(944,219)

DATOS CALCULADOS
CALCULO FORMULA FUNCION
nper_plazo 180
vr.cuota inicial 36,000,000
vr.credito 84,000,000
anualidad 944,219 (944,219)

La ingeniera Jorelyz Florez efectuo un prestamo de $48.000.000 para cancelar parte de la

totalidad de la propiedad que comprara, la entidad financiera fijo cuotas mensuales de 0,90%
durante 15 aos. cual es el valor de la cuota?

DATOS CONOCIDOS
valor deuda 48,000,000
tasa periodica 0.90%
plazo(ao) 15
periodos_plazo 12
 539,554
anualidad
-539,554

DATOS CALCULADOS
CALCULOS FORMULA FUNCION
#periodos_plazo 180
anualidad 539,554 (539,554)
 ebe
s y una
or de la

120,000,000

0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%

1 2 3 179 nper= 180

Anualidad= 944,219
(944,219)

a
0,90%

VF=
 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%
0 1 2 3 179 n=

anualidad= 539,554
-539,554
###
180
 TALLER DE SEGUIMIENTO I

EJERCICIO # 5.
Una empresa necesita hacer un prestamo para adquirir una maquinaria por
$250.000.000 para una capacidad de endeudamiento de 5.000.000 mensuales durante
5 aos. A qu tasa de interes le estan otorgando el credito si el valor residual de la
mquina es de 10.000.000?
Relacione en una tabla los tres tipos de tasas (tasa periodica, tasa nominal y tasa Efectiva
Anual)

Represente la situacin en un Diagrama de tiempo -valor y elabore la Tabla de

amortizacin y Saldos
 TALLER DE SEGUIMIENTO I

EJERCICIO # 6.
Una empresa necesita hacer un prestamo para adquirir una maquinaria por
$185.000.000 para una capacidad de endeudamiento de 4.400.000 mensuales. La mejor
opcin que le ofrece una entidad financiera es al 1,25% mensual. En cuanto tiempo en
aos estara pagando el credito si el valor residual de la mquina es de 10.000.000?

Represente la situacin en un Diagrama de tiempo -valor y elabore la Tabla de

amortizacin y Saldos
 TALLER DE SEGUIMIENTO I

EJERCICIO # 1

Se ha depositado $100.000 al final de cada mes en una cuenta de ahorro que reconoce el
5,20%.
Cuanto habr en la cuenta inmediatamente despues de dos aos de ahorro?
Dibuje el Diagrama de tiempo -valor y elabore la Tabla de amortizacin y Saldos

DATOS CONOCIDOS
anualidad -100,000
tasa E.A 5.2%
plazo (ao) 2 0.42%
nper_1ao(m) 12 0 1

DATOS CALCULADOS
CALCULO FORMULA FUNCION
Vr. Futuro -2,520,550 2,520,550
nper_plazo 24
tasa nom(m,v) 5.08% 5.08%
tasa per(m,v) 0.42% 0.42%

PERIODO CUOTA INTERES AMORTIZACION SALDO

0 0 0 0 0
1 100,000 0 100,000 -100,000
2 100,000 -423 100,423 -200,423
3 100,000 -848 100,848 -301,272
4 100,000 -1,275 101,275 -402,547
5 100,000 -1,704 101,704 -504,251
6 100,000 -2,135 102,135 -606,386
7 100,000 -2,567 102,567 -708,953
8 100,000 -3,001 103,001 -811,954
9 100,000 -3,437 103,437 -915,392
10 100,000 -3,875 103,875 -1,019,267
11 100,000 -4,315 104,315 -1,123,582
12 100,000 -4,757 104,757 -1,228,338
13 100,000 -5,200 105,200 -1,333,538
14 100,000 -5,645 105,645 -1,439,184
 15 100,000 -6,093 106,093 -1,545,276
16 100,000 -6,542 106,542 -1,651,818
17 100,000 -6,993 106,993 -1,758,811
18 100,000 -7,446 107,446 -1,866,256
19 100,000 -7,901 107,901 -1,974,157
20 100,000 -8,357 108,357 -2,082,514
21 100,000 -8,816 108,816 -2,191,330
22 100,000 -9,277 109,277 -2,300,607
23 100,000 -9,739 109,739 -2,410,346
24 100,000 -10,204 110,204 -2,520,550
2,520,550

TALLER DE SEGUIMIENTO I

EJERCICIO # 2.
Hace 6 aos una pareja adquirio una vivienda para pagarla en un plazo de 15 aos a
cuotas fijas mensuales de $320.000. Su pago fue excelente hasta hace 10 meses.
Cuanto debe la pareja hoy? Asuma una tasa de interes del 11.6% capitalizable
Mensualmente.

DATOS CONOCIDOS VP=

anualidad -320000
tasa nominal(cmv) 11.6%
plazo(ao) 15
nper_1ao(mes) 12 0
temporalidad anterior (ao) 6

DATOS CALCULADOS
CALCULADO FORMULA FUNCION
nper_plazo 180
tasa periodica(mv) 0.97%
v.credito 27,244,362 27,244,362
nper_actuales 72

PERIODO CUOTA INTERES AMORTIZACION SALDO

0 27,244,362
1 320,000 263,362 56,638 27,187,724
2 320,000 262,815 57,185 27,130,539
3 320,000 262,262 57,738 27,072,801
4 320,000 261,704 58,296 27,014,505
 5 320,000 261,140 58,860 26,955,645
6 320,000 260,571 59,429 26,896,216
7 320,000 259,997 60,003 26,836,213
8 320,000 259,417 60,583 26,775,629
9 320,000 258,831 61,169 26,714,461
10 320,000 258,240 61,760 26,652,700
11 320,000 257,643 62,357 26,590,343
12 320,000 257,040 62,960 26,527,383
13 320,000 256,431 63,569 26,463,814
14 320,000 255,817 64,183 26,399,631
15 320,000 255,196 64,804 26,334,828
16 320,000 254,570 65,430 26,269,398
17 320,000 253,938 66,062 26,203,335
18 320,000 253,299 66,701 26,136,634
19 320,000 252,654 67,346 26,069,288
20 320,000 252,003 67,997 26,001,291
21 320,000 251,346 68,654 25,932,637
22 320,000 250,682 69,318 25,863,319
23 320,000 250,012 69,988 25,793,332
24 320,000 249,336 70,664 25,722,667
25 320,000 248,652 71,348 25,651,320
26 320,000 247,963 72,037 25,579,282
27 320,000 247,266 72,734 25,506,549
28 320,000 246,563 73,437 25,433,112
29 320,000 245,853 74,147 25,358,965
30 320,000 245,137 74,863 25,284,102
31 320,000 244,413 75,587 25,208,515
32 320,000 243,682 76,318 25,132,197
33 320,000 242,945 77,055 25,055,142
34 320,000 242,200 77,800 24,977,342
35 320,000 241,448 78,552 24,898,789
36 320,000 240,688 79,312 24,819,478
37 320,000 239,922 80,078 24,739,399
38 320,000 239,148 80,852 24,658,547
39 320,000 238,366 81,634 24,576,913
40 320,000 237,577 82,423 24,494,489
41 320,000 236,780 83,220 24,411,270
42 320,000 235,976 84,024 24,327,245
43 320,000 235,163 84,837 24,242,409
44 320,000 234,343 85,657 24,156,752
45 320,000 233,515 86,485 24,070,267
46 320,000 232,679 87,321 23,982,946
47 320,000 231,835 88,165 23,894,781
48 320,000 230,983 89,017 23,805,764
49 320,000 230,122 89,878 23,715,887
50 320,000 229,254 90,746 23,625,140
51 320,000 228,376 91,624 23,533,517
52 320,000 227,491 92,509 23,441,007
53 320,000 226,596 93,404 23,347,604
54 320,000 225,694 94,306 23,253,297
55 320,000 224,782 95,218 23,158,079
56 320,000 223,861 96,139 23,061,941
57 320,000 222,932 97,068 22,964,873
58 320,000 221,994 98,006 22,866,866
59 320,000 221,046 98,954 22,767,913
60 320,000 220,090 99,910 22,668,003
61 320,000 219,124 100,876 22,567,127
62 320,000 218,149 101,851 22,465,276
63 320,000 217,164 102,836 22,362,440
64 320,000 216,170 103,830 22,258,610
65 320,000 215,167 104,833 22,153,777
66 320,000 214,153 105,847 22,047,930
67 320,000 213,130 106,870 21,941,060
68 320,000 212,097 107,903 21,833,157
69 320,000 211,054 108,946 21,724,211
70 320,000 210,001 109,999 21,614,211
71 320,000 208,937 111,063 21,503,149
72 320,000 207,864 112,136 21,391,012
73 320,000 206,780 113,220 21,277,792
74 320,000 205,685 114,315 21,163,478
75 320,000 204,580 115,420 21,048,058
76 320,000 203,465 116,535 20,931,522
77 320,000 202,338 117,662 20,813,860
78 320,000 201,201 118,799 20,695,061
79 320,000 200,052 119,948 20,575,113
80 320,000 198,893 121,107 20,454,006
81 320,000 197,722 122,278 20,331,728
82 320,000 196,540 123,460 20,208,268
83 320,000 195,347 124,653 20,083,615
84 320,000 194,142 125,858 19,957,756
85 320,000 192,925 127,075 19,830,681
86 320,000 191,697 128,303 19,702,378
87 320,000 190,456 129,544 19,572,834
88 320,000 189,204 130,796 19,442,038
89 320,000 187,940 132,060 19,309,978
90 320,000 186,663 133,337 19,176,641
91 320,000 185,374 134,626 19,042,015
92 320,000 184,073 135,927 18,906,088
93 320,000 182,759 137,241 18,768,847
94 320,000 181,432 138,568 18,630,279
 95 320,000 180,093 139,907 18,490,372
96 320,000 178,740 141,260 18,349,112
97 320,000 177,375 142,625 18,206,487
98 320,000 175,996 144,004 18,062,483
99 320,000 174,604 145,396 17,917,087
100 320,000 173,199 146,801 17,770,286
101 320,000 171,779 148,221 17,622,065
102 320,000 170,347 149,653 17,472,412
103 320,000 168,900 151,100 17,321,312
104 320,000 167,439 152,561 17,168,751
105 320,000 165,965 154,035 17,014,715
106 320,000 164,476 155,524 16,859,191
107 320,000 162,972 157,028 16,702,163
108 320,000 161,454 158,546 16,543,617
109 320,000 159,922 160,078 16,383,539
110 320,000 158,374 161,626 16,221,913
111 320,000 156,812 163,188 16,058,725
112 320,000 155,234 164,766 15,893,959
113 320,000 153,642 166,358 15,727,601
114 320,000 152,033 167,967 15,559,635
115 320,000 150,410 169,590 15,390,044
116 320,000 148,770 171,230 15,218,815
117 320,000 147,115 172,885 15,045,930
118 320,000 145,444 174,556 14,871,374
119 320,000 143,757 176,243 14,695,131
120 320,000 142,053 177,947 14,517,184
121 320,000 140,333 179,667 14,337,516
122 320,000 138,596 181,404 14,156,112
123 320,000 136,842 183,158 13,972,955
124 320,000 135,072 184,928 13,788,027
125 320,000 133,284 186,716 13,601,311
126 320,000 131,479 188,521 13,412,790
127 320,000 129,657 190,343 13,222,447
128 320,000 127,817 192,183 13,030,264
129 320,000 125,959 194,041 12,836,223
130 320,000 124,083 195,917 12,640,307
131 320,000 122,190 197,810 12,442,497
132 320,000 120,277 199,723 12,242,774
133 320,000 118,347 201,653 12,041,121
134 320,000 116,398 203,602 11,837,518
135 320,000 114,429 205,571 11,631,948
136 320,000 112,442 207,558 11,424,390
137 320,000 110,436 209,564 11,214,826
138 320,000 108,410 211,590 11,003,236
139 320,000 106,365 213,635 10,789,600
140 320,000 104,299 215,701 10,573,900
141 320,000 102,214 217,786 10,356,114
142 320,000 100,109 219,891 10,136,223
143 320,000 97,983 222,017 9,914,207
144 320,000 95,837 224,163 9,690,044
145 320,000 93,670 226,330 9,463,714
146 320,000 91,483 228,517 9,235,197
147 320,000 89,274 230,726 9,004,471
148 320,000 87,043 232,957 8,771,514
149 320,000 84,791 235,209 8,536,305
150 320,000 82,518 237,482 8,298,823
151 320,000 80,222 239,778 8,059,045
152 320,000 77,904 242,096 7,816,949
153 320,000 75,564 244,436 7,572,513
154 320,000 73,201 246,799 7,325,713
155 320,000 70,815 249,185 7,076,529
156 320,000 68,406 251,594 6,824,935
157 320,000 65,974 254,026 6,570,910
158 320,000 63,519 256,481 6,314,428
159 320,000 61,039 258,961 6,055,468
160 320,000 58,536 261,464 5,794,004
161 320,000 56,009 263,991 5,530,013
162 320,000 53,457 266,543 5,263,469
163 320,000 50,880 269,120 4,994,350
164 320,000 48,279 271,721 4,722,628
165 320,000 45,652 274,348 4,448,280
166 320,000 43,000 277,000 4,171,281
167 320,000 40,322 279,678 3,891,603
168 320,000 37,619 282,381 3,609,222
169 320,000 34,889 285,111 3,324,111
170 320,000 32,133 287,867 3,036,244
171 320,000 29,350 290,650 2,745,594
172 320,000 26,541 293,459 2,452,135
173 320,000 23,704 296,296 2,155,839
174 320,000 20,840 299,160 1,856,679
175 320,000 17,948 302,052 1,554,627
176 320,000 15,028 304,972 1,249,655
177 320,000 12,080 307,920 941,735
178 320,000 9,103 310,897 630,838
179 320,000 6,098 313,902 316,936
180 320,000 3,064 316,936 0
27,244,362
oce el

VF= -2,520,550
2,520,550

0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.42%

2 3 4 23 n= 24

Anualidad= -100,000
 ###
27,244,362

0.97% 0.97% 0.97% 0.97% 0.97% 0.97% 0.97%

1 2 3 179 nper= 180

Anualidad= -320,000

NUEVOS DATOS PARA REFINANCIACION

deunda actual ###
nueva cuota 263,867 (263,867)
PERIODO CUOTA INTERES AMORTIZACION SALDO
0 ###
1 263,867 217164.33 46,703 ###
2 263,867 216712.871 47,154 ###
3 263,867 216257.048 47,610 ###
4 263,867 215796.818 48,070 ###
5 263,867 215332.14 48,535 ###
6 263,867 214862.969 49,004 ###
7 263,867 214389.264 49,478 ###
8 263,867 213910.979 49,956 ###
9 263,867 213428.071 50,439 ###
10 263,867 212940.494 50,927 ###
11 263,867 212448.205 51,419 ###
12 263,867 211951.156 51,916 ###
13 263,867 211449.303 52,418 ###
14 263,867 210942.599 52,924 ###
15 263,867 210430.996 53,436 ###
16 263,867 209914.448 53,953 ###
17 263,867 209392.907 54,474 ###
18 263,867 208866.324 55,001 ###
19 263,867 208334.65 55,532 ###
20 263,867 207797.838 56,069 ###
21 263,867 207255.836 56,611 ###
22 263,867 206708.595 57,158 ###
23 263,867 206156.063 57,711 ###
24 263,867 205598.191 58,269 ###
25 263,867 205034.926 58,832 ###
26 263,867 204466.216 59,401 ###
27 263,867 203892.008 59,975 ###
28 263,867 203312.25 60,555 ###
29 263,867 202726.887 61,140 ###
30 263,867 202135.866 61,731 ###
31 263,867 201539.132 62,328 ###
32 263,867 200936.629 62,930 ###
33 263,867 200328.302 63,539 ###
34 263,867 199714.094 64,153 ###
35 263,867 199093.95 64,773 ###
36 263,867 198467.81 65,399 ###
37 263,867 197835.618 66,031 ###
38 263,867 197197.315 66,670 ###
39 263,867 196552.841 67,314 ###
40 263,867 195902.137 67,965 ###
41 263,867 195245.144 68,622 ###
42 263,867 194581.799 69,285 ###
43 263,867 193912.042 69,955 ###
44 263,867 193235.811 70,631 ###
45 263,867 192553.043 71,314 ###
46 263,867 191863.674 72,003 ###
47 263,867 191167.642 72,699 ###
48 263,867 190464.882 73,402 ###
49 263,867 189755.328 74,112 ###
50 263,867 189038.915 74,828 ###
51 263,867 188315.577 75,551 ###
52 263,867 187585.246 76,282 ###
53 263,867 186847.856 77,019 ###
54 263,867 186103.338 77,764 ###
55 263,867 185351.622 78,515 ###
56 263,867 184592.64 79,274 ###
57 263,867 183826.321 80,041 ###
58 263,867 183052.595 80,814 ###
59 263,867 182271.389 81,596 ###
60 263,867 181482.631 82,384 ###
61 263,867 180686.249 83,181 ###
62 263,867 179882.168 83,985 ###
63 263,867 179070.315 84,797 ###
64 263,867 178250.614 85,616 ###
65 263,867 177422.989 86,444 ###
66 263,867 176587.363 87,280 ###
67 263,867 175743.66 88,123 ###
68 263,867 174891.801 88,975 ###
69 263,867 174031.707 89,835 ###
70 263,867 173163.3 90,704 ###
71 263,867 172286.497 91,581 ###
72 263,867 171401.219 92,466 ###
73 263,867 170507.383 93,360 ###
74 263,867 169604.907 94,262 ###
75 263,867 168693.706 95,173 ###
76 263,867 167773.698 96,093 ###
77 263,867 166844.796 97,022 ###
78 263,867 165906.915 97,960 ###
79 263,867 164959.967 98,907 ###
80 263,867 164003.866 99,863 ###
81 263,867 163038.522 100,828 ###
82 263,867 162063.847 101,803 ###
83 263,867 161079.75 102,787 ###
84 263,867 160086.139 103,781 ###
85 263,867 159082.924 104,784 ###
86 263,867 158070.012 105,797 ###
87 263,867 157047.307 106,820 ###
88 263,867 156014.717 107,852 ###
 89 263,867 154972.145 108,895 ###
90 263,867 153919.495 109,948 ###
91 263,867 152856.669 111,010 ###
92 263,867 151783.569 112,083 ###
93 263,867 150700.096 113,167 ###
94 263,867 149606.149 114,261 ###
95 263,867 148501.627 115,365 ###
96 263,867 147386.429 116,481 ###
97 263,867 146260.45 117,607 ###
98 263,867 145123.586 118,743 ###
99 263,867 143975.733 119,891 ###
100 263,867 142816.784 121,050 ###
101 263,867 141646.632 122,220 ###
102 263,867 140465.169 123,402 ###
103 263,867 139272.284 124,595 ###
104 263,867 138067.869 125,799 ###
105 263,867 136851.811 127,015 ###
106 263,867 135623.997 128,243 ###
107 263,867 134384.315 129,483 ###
108 263,867 133132.649 130,734 ###
109 263,867 131868.883 131,998 ###
110 263,867 130592.901 133,274 ###
111 263,867 129304.585 134,562 ###
112 263,867 128003.815 135,863 ###
113 263,867 126690.471 137,177 ###
114 263,867 125364.431 138,503 ###
115 263,867 124025.573 139,841 ###
116 263,867 122673.772 141,193 ###
117 263,867 121308.905 142,558 ###
118 263,867 119930.843 143,936 ###
119 263,867 118539.46 145,328 ###
120 263,867 117134.627 146,732 ###
121 263,867 115716.214 148,151 ###
122 263,867 114284.09 149,583 ###
123 263,867 112838.122 151,029 ###
124 263,867 111378.176 152,489 ###
125 263,867 109904.117 153,963 ###
126 263,867 108415.809 155,451 ###
127 263,867 106913.114 156,954 ###
128 263,867 105395.894 158,471 ###
129 263,867 103864.006 160,003 ###
130 263,867 102317.311 161,550 ###
131 263,867 100755.664 163,111 ###
132 263,867 99178.9206 164,688 ###
133 263,867 97586.9358 166,280 9,928,920
134 263,867 95979.5618 167,887 9,761,033
135 263,867 94356.6499 169,510 9,591,522
136 263,867 92718.0498 171,149 9,420,373
137 263,867 91063.6099 172,803 9,247,570
138 263,867 89393.1771 174,474 9,073,096
139 263,867 87706.5968 176,160 8,896,936
140 263,867 86003.7129 177,863 8,719,073
141 263,867 84284.3677 179,583 8,539,490
142 263,867 82548.4023 181,319 8,358,171
143 263,867 80795.6558 183,071 8,175,100
144 263,867 79025.9661 184,841 7,990,259
145 263,867 77239.1694 186,628 7,803,631
146 263,867 75435.1004 188,432 7,615,199
147 263,867 73613.592 190,253 7,424,946
148 263,867 71774.4757 192,093 7,232,853
149 263,867 69917.5813 193,949 7,038,904
150 263,867 68042.7369 195,824 6,843,080
151 263,867 66149.769 197,717 6,645,362
152 263,867 64238.5024 199,629 6,445,734
153 263,867 62308.7602 201,558 6,244,176
154 263,867 60360.3639 203,507 6,040,669
155 263,867 58393.133 205,474 5,835,195
156 263,867 56406.8856 207,460 5,627,735
157 263,867 54401.4378 209,466 5,418,269
158 263,867 52376.604 211,490 5,206,779
159 263,867 50332.1968 213,535 4,993,244
160 263,867 48268.0271 215,599 4,777,645
161 263,867 46183.9036 217,683 4,559,962
162 263,867 44079.6337 219,787 4,340,175
163 263,867 41955.0224 221,912 4,118,263
164 263,867 39809.8733 224,057 3,894,206
165 263,867 37643.9877 226,223 3,667,983
166 263,867 35457.1652 228,410 3,439,573
167 263,867 33249.2035 230,618 3,208,955
168 263,867 31019.8981 232,847 2,976,108
169 263,867 28769.0428 235,098 2,741,010
170 263,867 26496.4291 237,371 2,503,639
171 263,867 24201.8469 239,665 2,263,974
172 263,867 21885.0838 241,982 2,021,992
173 263,867 19545.9252 244,321 1,777,671
174 263,867 17184.1548 246,683 1,530,988
175 263,867 14799.5539 249,067 1,281,921
176 263,867 12391.9019 251,475 1,030,446
177 263,867 9960.97596 253,906 776,540
178 263,867 7506.55104 256,360 520,179
179 263,867 5028.40001 258,839 261,341
180 263,867 2526.29352 261,341 0
22,465,276