Valor Actual y Futuro (Clase)
Valor Actual y Futuro (Clase)
Valor Actual y Futuro (Clase)
Pgina 1
Ingeniera Econmica
Valor actual y valor futuro
Sea
P
VP
VA
F
VF
VF
A
PAGO
0
F3 =
P *
(1+i)^n
.P
1000
(1+0.12)^3
$1,404.93
VF(0.12,3,0,-1000)
$1,404.93
0
P=
F3 /
(1+i)^n
.P
Pgina 2
1000
1/(1+0.12)^3
$711.78
VA(0.12,3,0,1000)
Nota:
$711.78
A *
[ (1+i)^n - 1]
[i*(1+i)^n]
.P
Ejemplo: Un prstamo de $1000 hoy. Cunto se tendr que pagar cada ao,
durante tres aos, al 12% de inters anual capitalizable anualmente?
A=
P*
[ i*(1+i)^n ]
[(1+i)^n - 1]
A=
1000
0.416348981
A=
1000
PAGO(0.12,3,-1000)
$416.35
$416.35
P /
[ (1+i)^n - 1]
[i*(1+i)^n]
.P
Pgina 3
Ejemplo: Deseo verificar cunto alcanzo a cubrir, en valor actual, si efecto un pago por
$416.35 c/u, durante tres aos, al 12% de inters anual capitalizable anualmente?
P =
A *
P =
$416.35
2.401831268
P =
$416.35
VA(0.12,3,416.35)
Nota:
[ (1+i)^n - 1] / [i*(1+i)^n]
=
$1,000.00
$1,000.00
F3 .
F3 .
Pgina 4
Pgina 5
un pago por
le anualmente?
econmico de
ita un perodo
Pgina 6
S
trimestral
n periodo
1
2
3
4
5
6
7
8
TEA a TET
9
10
(1+A)= (1+T)4
11
TET= 3.56%
12
13
N.Periodos= 4aos = 16 trimestrales
14
15
16
TOTAL
TEORIA
REALIDAD esto es lo qu elos bancos no quieren difundir es lo que realmente pagamos a los bancos
TEA --------------- TCEA
17%
4.00% TRIMESTRAL esto cuatro porciento lo tengo que convertir ANUAL por que las tasas son anulaes m
S/. 18,000.00
S/. 17,145.76
S/. 16,261.11
S/. 15,344.96
S/. 14,396.20
S/. 13,413.66
S/. 12,396.15
S/. 11,342.41
S/. 10,251.16
S/. 9,121.06
S/. 7,950.73
S/. 6,738.73
S/. 5,483.59
S/. 4,183.77
S/. 2,837.67
S/. 1,443.65
S/. 166,310.61
mente pagamos a los bancos
cuota
amortizacin
inters
saldo deuda
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 1,495.04
S/. 23,920.66
S/. 854.24
S/. 884.65
S/. 916.15
S/. 948.76
S/. 982.54
S/. 1,017.51
S/. 1,053.74
S/. 1,091.25
S/. 1,130.10
S/. 1,170.33
S/. 1,212.00
S/. 1,255.14
S/. 1,299.83
S/. 1,346.10
S/. 1,394.02
S/. 1,443.65
S/. 18,000.00
S/. 640.80
S/. 610.39
S/. 578.90
S/. 546.28
S/. 512.50
S/. 477.53
S/. 441.30
S/. 403.79
S/. 364.94
S/. 324.71
S/. 283.05
S/. 239.90
S/. 195.22
S/. 148.94
S/. 101.02
S/. 51.39
S/. 5,920.66
S/. 17,145.76
S/. 16,261.11
S/. 15,344.96
S/. 14,396.20
S/. 13,413.66
S/. 12,396.15
S/. 11,342.41
S/. 10,251.16
S/. 9,121.06
S/. 7,950.73
S/. 6,738.73
S/. 5,483.59
S/. 4,183.77
S/. 2,837.67
S/. 1,443.65
S/. 0.00
SISTEMA FRANCE
* ingresos
ventas
*egresos
costos
gastos
GAV
GF----- interes financiero
utilidad operativa: I-E
* amortizacin financiera
*flujo neto de efectivo: VAN > 0
TIR >=O
trimestral
n periodo
principal
1
2
3
4
5
6
20
cuota
4.59
tasa
n per
prstamo
3.56%
16
18000
SISTEMA FRANCES
amortizacin
2.59
inters
saldo deuda
2
17.41 tasa
nper
prestamo
10%
6
20
TEORIA
REALIDAD
TEA --------------- TCEA
17%
trimestral
n periodo
1
2
3
4
5
6
7
8
TOTAL
esto es lo qu elos bancos no quieren difundir es lo que realmente pagamos a los bancos
4.00% TRIMESTRAL esto cuatro porciento lo tengo que convertir ANUAL por que las tasas son anulaes m
principal o
salgo capital
S/. 10,000.00
S/. 9,025.32
S/. 7,982.42
S/. 6,866.51
S/. 5,672.49
S/. 4,394.88
S/. 3,027.85
S/. 1,565.12
S/. 48,534.59
mente pagamos a los bancos
SISTEMA FRANCES
cuota o pago
amortizacin
inters
saldo deuda
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 1,674.68
S/. 13,397.42
S/. 974.68
S/. 1,042.91
S/. 1,115.91
S/. 1,194.02
S/. 1,277.60
S/. 1,367.04
S/. 1,462.73
S/. 1,565.12
S/. 10,000.00
S/. 700.00
S/. 631.77
S/. 558.77
S/. 480.66
S/. 397.07
S/. 307.64
S/. 211.95
S/. 109.56
S/. 3,397.42
S/. 9,025.32
S/. 7,982.42
S/. 6,866.51
S/. 5,672.49
S/. 4,394.88
S/. 3,027.85
S/. 1,565.12
S/. 0.00
S/. 38,534.59
SISTEMA FRANCE
* ingresos
ventas
*egresos
costos
gastos
GAV
GF----- interes financiero
utilidad operativa: I-E
* amortizacin financiera
*flujo neto de efectivo: VAN > 0
TIR >=O
trimestral
n periodo
principal
1
2
3
4
5
6
20
cuota
4.59
tasa
n per
prstamo
7.00%
8
10000
SISTEMA FRANCES
amortizacin
2.59
inters
saldo deuda
2
17.41 tasa
nper
prestamo
10%
6
20
S
trimestral
n periodo
1
2
3
4
5
6
7
8
9
10
11
12
TOTAL
S
trimestral
n periodo
1
2
3
4
5
6
7
8
9
10
11
12
TOTAL
cuota o pago
amortizacin
inters
saldo deuda
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 11,001.60
funcin pago
S/. 766.80
S/. 778.30
S/. 789.98
S/. 801.83
S/. 813.85
S/. 826.06
S/. 838.45
S/. 851.03
S/. 863.79
S/. 876.75
S/. 889.90
S/. 903.25
S/. 10,000.00
S/. 150.00
S/. 138.50
S/. 126.82
S/. 114.97
S/. 102.95
S/. 90.74
S/. 78.35
S/. 65.77
S/. 53.01
S/. 40.05
S/. 26.90
S/. 13.55
S/. 1,001.60
S/. 9,233.20
S/. 8,454.90
S/. 7,664.92
S/. 6,863.10
S/. 6,049.24
S/. 5,223.18
S/. 4,384.73
S/. 3,533.70
S/. 2,669.91
S/. 1,793.15
S/. 903.25
S/. 0.00
S/. 56,773.28
SISTEMA FRANCES
principal o
salgo capital
S/. 10,000.00
S/. 9,233.20
S/. 8,454.90
S/. 7,664.92
S/. 6,863.10
S/. 6,049.24
S/. 5,223.18
S/. 4,384.73
S/. 3,533.70
S/. 2,669.91
S/. 1,793.15
S/. 903.25
S/. 66,773.28
cuota o pago
amortizacin
inters
saldo deuda
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 916.80
S/. 11,001.60
S/. 766.80
S/. 778.30
S/. 789.98
S/. 801.83
S/. 813.85
S/. 826.06
S/. 838.45
S/. 851.03
S/. 863.79
S/. 876.75
S/. 889.90
S/. 903.25
S/. 10,000.00
S/. 150.00
S/. 138.50
S/. 126.82
S/. 114.97
S/. 102.95
S/. 90.74
S/. 78.35
S/. 65.77
S/. 53.01
S/. 40.05
S/. 26.90
S/. 13.55
S/. 1,001.60
S/. 9,233.20
S/. 8,454.90
S/. 7,664.92
S/. 6,863.10
S/. 6,049.24
S/. 5,223.18
S/. 4,384.73
S/. 3,533.70
S/. 2,669.91
S/. 1,793.15
S/. 903.25
S/. 0.00
S/. 56,773.28
tasa
n per
prstamo
1.5%
12
10000
tasa
n per
prstamo
18.0%
12
10000
At :
S/. 163,797.48
* COSTOS NO RECURRENTES:
* COSTOS RECURRENTES:
CC
VPT
COSOT DE CAPITALIZACION
50,000
S/. 2,137,987.00
PUENTE COLGANTE
VP1
S/. 30,800,000
CAUE
S/. 18,793.40
S/. 313,223.30
S/. 31,113,223.30
PUENTE COLGANTE
PUENTE ARMADURA
PUENTE ARMADURA
ESTADO DE G
definicion
ventas netas
ventas netas
(-) costo de ventas
mas utilidad bruta
inc. Deprecia. (-) gastos de administracion
2.50% (-) gastos de ventas
mas utilidad de operacin
interes (-) gastos finacieros
interes utlidad neta fin a/imp.
28% (-) impuesto a la renta
UTILIDAD NETA FIN. D/IMP.
Definicion
untilidad neta financ.
(+)dep. act. Fijo
(-) amort. Prstamo
menos inversion inicial
flujo neto de caja financiero
VANF
TIRF
B/C
PRI
sin depreciacion
efinicion
ntilidad neta financ.
+)dep. act. Fijo
) amort. Prstamo
version inicial
ujo neto de caja financiero
S/. 1,680.74
13.15%
1.14
4.84
2021
6137
122734.5101
73640.70605
49093.80403
8000
3068.362752
38025.44128
1000
37025.44128
10367.12356
26658.318
2020
15,667.20
4,000.00
8,000.00
18497.7 22387.78368
4,000.00
4,000.00
8,000.00
8,000.00
### 11,667.20
### 18,387.78
estoy satisfacciendo
>0
El proyevto es rentable para la industria
> 0 COK
si el TIR es positivo quiere dicir que no es rentable
> 1 el benficio tiene que ser mayor a 1 para
BENEFICIO
COSTO
se resta cuatro mil a todo depreciacion
78000
69,580.00
4000
87360
75693
4000
97840
83343
4000
109580
91193
4000
2021
26658.31772
4,000.00
8,000.00
22,658.32
122720
100066
4000