MATEMATICA FINANCIERA

Unidad 2: Fase 2 - Evaluar alternativas de proyectos de inversión y tomar decisiones

CARMEN EDITH CARMONA cód. 1005512894

FAISON YAIR SANCHE cód. 1056411744
MARIA CAMILA VALIENTE cód. 1069494476
TATIANA DEL CARMEN MONTALVO cód.
YENY PATRICIA OSORIO cód. 30575850

GRUPO COLABORATIVO NO. 102007_76

TUTORA: MARILUZ RUBIO

Universidad Nacional Abierta y a Distancia - UNAD

Escuela de Ciencias Administrativas, Contables,
Económicas y de Negocios
Marzo de 2020
y en
especial las
financieras,
es
importante
que se
Para los INTRODUCIÓN
domine
encargados
conceptos
de la toma
como valor
de
del dinero
decisiones
en el
en el ámbito
tiempo,
financiero,
tasas
contardecon
interés,
los
anualidades
argumentos
,básicos
tasa para
interna
un correctode
retorno,
manejo
En este de
valor
las
trabajo
presente
finanzas; el
analizaremo
neto
objetivoy es
s diversas
muchos
obtener las
alternativas
más
bases y las
de
herramienta
financiación
ys relevantes
se
de la
determinará
matemática
la más
financiera,
conveniente
con elel caso
para
ánimo
de de an
estudio.
Conocer la
importanci
a del valor
de dinero
en el OBJERIVO
tiempo a
través de
operacione
s
financieras
con el fin
de tomar
decisiones
de
financiamie
nto de un
crédito
empresarial
1.   En grupo colaborativo
construyen las tres (3)
Actividad Colaborativa:
tablas de amortización
para las alternativas de
crédito propuestas por
las entidades Banco A, B
y C. Determinan la tasa
efectiva anual, nominal
anual y periódica
Aporte : Yeny osorio
mensual, para cada una
de las alternativas

Banco A
Capital en préstamo $115,000,000
Tasa de Interés DTF + 3%
Tasa de Interés E.A. 7.81%
Periódica Mensual 0.63%
NACMV 7.54%
Plazo 70
Período Muerto 12
Período de amortización 58
Capital a amortizar $123,981,500
Cuota fija $2,557,575

Período Saldo Inicial Cuota Interés

1 $115,000,000 $0 $722,932
2 $115,722,932 $0 $727,476
3 $116,450,408 $0 $732,050
4 $117,182,458 $0 $736,651
5 $117,919,109 $0 $741,282
6 $118,660,391 $0 $745,942
7 $119,406,334 $0 $750,632
8 $120,156,965 $0 $755,350
9 $120,912,315 $0 $760,099
10 $121,672,414 $0 $764,877
11 $122,437,291 $0 $769,685
12 $123,206,976 $0 $774,524
13 $123,981,500 $2,557,575 $779,393
14 $122,203,317 $2,557,575 $768,214
15 $120,413,956 $2,557,575 $756,966
16 $118,613,346 $2,557,575 $745,647
17 $116,801,417 $2,557,575 $734,256
18 $114,978,098 $2,557,575 $722,794
19 $113,143,317 $2,557,575 $711,260
20 $111,297,001 $2,557,575 $699,653
21 $109,439,079 $2,557,575 $687,974
22 $107,569,477 $2,557,575 $676,221
23 $105,688,122 $2,557,575 $664,394
24 $103,794,941 $2,557,575 $652,493
25 $101,889,858 $2,557,575 $640,517
26 $99,972,799 $2,557,575 $628,465
27 $98,043,689 $2,557,575 $616,338
28 $96,102,452 $2,557,575 $604,135
29 $94,149,011 $2,557,575 $591,855
30 $92,183,290 $2,557,575 $579,498
31 $90,205,212 $2,557,575 $567,063
32 $88,214,700 $2,557,575 $554,550
33 $86,211,674 $2,557,575 $541,958
34 $84,196,056 $2,557,575 $529,287
35 $82,167,767 $2,557,575 $516,536
36 $80,126,728 $2,557,575 $503,706
37 $78,072,859 $2,557,575 $490,794
38 $76,006,077 $2,557,575 $477,802
39 $73,926,304 $2,557,575 $464,728
40 $71,833,456 $2,557,575 $451,571
41 $69,727,451 $2,557,575 $438,332
42 $67,608,208 $2,557,575 $425,010
43 $65,475,642 $2,557,575 $411,604
44 $63,329,670 $2,557,575 $398,113
45 $61,170,208 $2,557,575 $384,538
46 $58,997,171 $2,557,575 $370,878
47 $56,810,473 $2,557,575 $357,131
48 $54,610,029 $2,557,575 $343,298
49 $52,395,752 $2,557,575 $329,379
50 $50,167,555 $2,557,575 $315,371
51 $47,925,351 $2,557,575 $301,276
52 $45,669,051 $2,557,575 $287,092
53 $43,398,568 $2,557,575 $272,819
54 $41,113,812 $2,557,575 $258,456
55 $38,814,693 $2,557,575 $244,003
56 $36,501,120 $2,557,575 $229,459
57 $34,173,004 $2,557,575 $214,824
58 $31,830,253 $2,557,575 $200,097
59 $29,472,774 $2,557,575 $185,277
60 $27,100,475 $2,557,575 $170,363
61 $24,713,263 $2,557,575 $155,357
62 $22,311,044 $2,557,575 $140,255
63 $19,893,723 $2,557,575 $125,059
64 $17,461,207 $2,557,575 $109,767
65 $15,013,399 $2,557,575 $94,380
66 $12,550,203 $2,557,575 $78,895
67 $10,071,523 $2,557,575 $63,313
68 $7,577,261 $2,557,575 $47,633
69 $5,067,319 $2,557,575 $31,855
70 $2,541,598 $2,557,575 $15,977
 Abono Saldo Final
-$722,932 $115,722,932
-$727,476 $116,450,408
-$732,050 $117,182,458
-$736,651 $117,919,109
-$741,282 $118,660,391
-$745,942 $119,406,334
-$750,632 $120,156,965
-$755,350 $120,912,315
-$760,099 $121,672,414
-$764,877 $122,437,291
-$769,685 $123,206,976
-$774,524 $123,981,500
$1,778,183 $122,203,317
$1,789,361 $120,413,956
$1,800,610 $118,613,346
$1,811,929 $116,801,417
$1,823,319 $114,978,098
$1,834,781 $113,143,317
$1,846,316 $111,297,001
$1,857,922 $109,439,079
$1,869,602 $107,569,477
$1,881,355 $105,688,122
$1,893,182 $103,794,941
$1,905,083 $101,889,858
$1,917,059 $99,972,799
$1,929,110 $98,043,689
$1,941,237 $96,102,452
$1,953,441 $94,149,011
$1,965,721 $92,183,290
$1,978,078 $90,205,212
$1,990,513 $88,214,700
$2,003,026 $86,211,674
$2,015,618 $84,196,056
$2,028,289 $82,167,767
$2,041,039 $80,126,728
$2,053,870 $78,072,859
$2,066,781 $76,006,077
$2,079,774 $73,926,304
$2,092,848 $71,833,456
$2,106,004 $69,727,451
$2,119,243 $67,608,208
$2,132,566 $65,475,642
$2,145,972 $63,329,670
$2,159,462 $61,170,208
$2,173,037 $58,997,171
$2,186,698 $56,810,473
$2,200,444 $54,610,029
$2,214,277 $52,395,752
$2,228,197 $50,167,555
$2,242,204 $47,925,351
$2,256,299 $45,669,051
$2,270,483 $43,398,568
$2,284,756 $41,113,812
$2,299,119 $38,814,693
$2,313,572 $36,501,120
$2,328,116 $34,173,004
$2,342,752 $31,830,253
$2,357,479 $29,472,774
$2,372,299 $27,100,475
$2,387,212 $24,713,263
$2,402,219 $22,311,044
$2,417,320 $19,893,723
$2,432,516 $17,461,207
$2,447,808 $15,013,399
$2,463,196 $12,550,203
$2,478,680 $10,071,523
$2,494,262 $7,577,261
$2,509,942 $5,067,319
$2,525,720 $2,541,598
$2,541,598 $0
 Abono contante a capital

Modalidad
Capital $115,000,000 Tasa de inte 1%
Tasa anual 8% Anualidad $2,367,357
Tasa mensu 1% Plazo 70
Plazo 70 Gradiente $10,350

Periodo Saldo inicial Cuota Interés Abono

1 $115,000,000 $2,367,357 $724,500 $1,642,857
2 $113,357,143 $2,357,007 $714,150 $1,642,857
3 $111,714,286 $2,346,657 $703,800 $1,642,857
4 $110,071,429 $2,336,307 $693,450 $1,642,857
5 $108,428,571 $2,325,957 $683,100 $1,642,857
6 $106,785,714 $2,315,607 $672,750 $1,642,857
7 $105,142,857 $2,305,257 $662,400 $1,642,857
8 $103,500,000 $2,294,907 $652,050 $1,642,857

9 $101,857,143 $2,284,557 $641,700 $1,642,857

10 $100,214,286 $2,274,207 $631,350 $1,642,857
11 $98,571,429 $2,263,857 $621,000 $1,642,857
12 $96,928,571 $2,253,507 $610,650 $1,642,857
13 $95,285,714 $2,243,157 $600,300 $1,642,857
14 $93,642,857 $2,232,807 $589,950 $1,642,857
15 $92,000,000 $2,222,457 $579,600 $1,642,857
16 $90,357,143 $2,212,107 $569,250 $1,642,857
17 $88,714,286 $2,201,757 $558,900 $1,642,857
18 $87,071,429 $2,191,407 $548,550 $1,642,857
19 $85,428,571 $2,181,057 $538,200 $1,642,857
20 $83,785,714 $2,170,707 $527,850 $1,642,857
21 $82,142,857 $2,160,357 $517,500 $1,642,857
22 $80,500,000 $2,150,007 $507,150 $1,642,857
23 $78,857,143 $2,139,657 $496,800 $1,642,857
24 $77,214,286 $2,129,307 $486,450 $1,642,857
25 $75,571,429 $2,118,957 $476,100 $1,642,857
26 $73,928,571 $2,108,607 $465,750 $1,642,857
27 $72,285,714 $2,098,257 $455,400 $1,642,857
28 $70,642,857 $2,087,907 $445,050 $1,642,857
29 $69,000,000 $2,077,557 $434,700 $1,642,857
30 $67,357,143 $2,067,207 $424,350 $1,642,857
31 $65,714,286 $2,056,857 $414,000 $1,642,857
32 $64,071,429 $2,046,507 $403,650 $1,642,857
33 $62,428,571 $2,036,157 $393,300 $1,642,857
34 $60,785,714 $2,025,807 $382,950 $1,642,857
35 $59,142,857 $2,015,457 $372,600 $1,642,857
36 $57,500,000 $2,005,107 $362,250 $1,642,857
37 $55,857,143 $1,994,757 $351,900 $1,642,857
38 $54,214,286 $1,984,407 $341,550 $1,642,857
39 $52,571,429 $1,974,057 $331,200 $1,642,857
40 $50,928,571 $1,963,707 $320,850 $1,642,857
41 $49,285,714 $1,953,357 $310,500 $1,642,857
42 $47,642,857 $1,943,007 $300,150 $1,642,857
43 $46,000,000 $1,932,657 $289,800 $1,642,857
44 $44,357,143 $1,922,307 $279,450 $1,642,857
45 $42,714,286 $1,911,957 $269,100 $1,642,857
46 $41,071,429 $1,901,607 $258,750 $1,642,857
47 $39,428,571 $1,891,257 $248,400 $1,642,857
48 $37,785,714 $1,880,907 $238,050 $1,642,857
49 $36,142,857 $1,870,557 $227,700 $1,642,857
50 $34,500,000 $1,860,207 $217,350 $1,642,857
51 $32,857,143 $1,849,857 $207,000 $1,642,857
52 $31,214,286 $1,839,507 $196,650 $1,642,857
53 $29,571,429 $1,829,157 $186,300 $1,642,857
54 $27,928,571 $1,818,807 $175,950 $1,642,857
55 $26,285,714 $1,808,457 $165,600 $1,642,857
56 $24,642,857 $1,798,107 $155,250 $1,642,857
57 $23,000,000 $1,787,757 $144,900 $1,642,857
58 $21,357,143 $1,777,407 $134,550 $1,642,857
59 $19,714,286 $1,767,057 $124,200 $1,642,857
60 $18,071,429 $1,756,707 $113,850 $1,642,857
61 $16,428,571 $1,746,357 $103,500 $1,642,857
62 $14,785,714 $1,736,007 $93,150 $1,642,857
63 $13,142,857 $1,725,657 $82,800 $1,642,857
64 $11,500,000 $1,715,307 $72,450 $1,642,857
65 $9,857,143 $1,704,957 $62,100 $1,642,857
66 $8,214,286 $1,694,607 $51,750 $1,642,857
67 $6,571,429 $1,684,257 $41,400 $1,642,857
68 $4,928,571 $1,673,907 $31,050 $1,642,857
69 $3,285,714 $1,663,557 $20,700 $1,642,857
70 $1,642,857 $1,653,207 $10,350 $1,642,857
al

% de reducci 15.03% Capital (VP) $106,114,680

Gradiente re $8,794 Tasa anual 12%

¿Cuál sería el nuevo tamaño de la cuota?

La primera cuota es igual, pero las siguientes cuotas ahora
Saldo final Gradiente
$113,357,143
$111,714,286 -$10,350
$110,071,429 -$10,350 ¿Cuál sería el nuevo costo financiero?
$108,428,571 -$10,350 El nuevo costo financiero es del 12% E.A., es decir q
$106,785,714 -$10,350
$105,142,857 -$10,350
$103,500,000 -$10,350
$101,857,143 -$10,350 ¿Le favorecería esta situación a la empresa?

No le favorece
ya que la tasa
de interés
efectiva anual
creció, lo mejor
en este caso
donde la
empresa
presenta
problemas de
liquidez es
buscar una
entidad
bancaria que
maneje la más
baja tasa de
$100,214,286 -$10,350 interés.
$98,571,429 -$10,350
$96,928,571 -$10,350
$95,285,714 -$10,350
$93,642,857 -$10,350
$92,000,000 -$10,350
$90,357,143 -$10,350
$88,714,286 -$10,350
$87,071,429 -$10,350
$85,428,571 -$10,350
$83,785,714 -$10,350
$82,142,857 -$10,350
$80,500,000 -$10,350
$78,857,143 -$10,350
$77,214,286 -$10,350
$75,571,429 -$10,350
$73,928,571 -$10,350
$72,285,714 -$10,350
$70,642,857 -$10,350
$69,000,000 -$10,350
$67,357,143 -$10,350
$65,714,286 -$10,350
$64,071,429 -$10,350
$62,428,571 -$10,350
$60,785,714 -$10,350
$59,142,857 -$10,350
$57,500,000 -$10,350
$55,857,143 -$10,350
$54,214,286 -$10,350
$52,571,429 -$10,350
$50,928,571 -$10,350
$49,285,714 -$10,350
$47,642,857 -$10,350
$46,000,000 -$10,350
$44,357,143 -$10,350
$42,714,286 -$10,350
$41,071,429 -$10,350
$39,428,571 -$10,350
$37,785,714 -$10,350
$36,142,857 -$10,350
$34,500,000 -$10,350
$32,857,143 -$10,350
$31,214,286 -$10,350
$29,571,429 -$10,350
$27,928,571 -$10,350
$26,285,714 -$10,350
$24,642,857 -$10,350
$23,000,000 -$10,350
$21,357,143 -$10,350
$19,714,286 -$10,350
$18,071,429 -$10,350
$16,428,571 -$10,350
$14,785,714 -$10,350
$13,142,857 -$10,350
$11,500,000 -$10,350
$9,857,143 -$10,350
$8,214,286 -$10,350
$6,571,429 -$10,350
$4,928,571 -$10,350
$3,285,714 -$10,350
$1,642,857 -$10,350
$0 -$10,350
de la cuota?
entes cuotas ahora no se reducen en $10.350, sino en $8.794

anciero?
12% E.A., es decir que se incrementó en 4%.

n a la empresa?
a partir de
la
recopilació
n de
informació
La
n, manejo y
medición
análisis
de la de CONCLUSION
esta, ofrece
factibilidad
resultados
financiera
simples
nos permite
para una
tener
evaluar una
panorámica
alternativa
más
de acuerdo
acabada de
a la mejor
qué esperar
tasa
de lade
interés y
inversión
efectiva
cómo
anual
actuar,en
los
cuales
consecuenc
fueron
ia de esta.
empleados
Pero más
en eltodo
que
presente la
atribuye
trabajo
capacidad
de decidir
si vale la
pena o no
poner en
marcha de
acuerdo
 BIBLIOGRAFIA

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Flórez, J. (2011). Matemáticas financieras empresariales (2a. ed.). Recuperado de https://bibliotecavirtual.unad.edu.co:2538/

Superintendencia financiera de Colombia (2012). Circular externa 30 de 29 de junio de 2012. Recuperado de http://biblioteca

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