Ejercicio no.

1
Una empresa toma un préstamo de $8,000,000 a un banco, amortizables en 5 años y con un interés del 12% anual. Determine las prestaciones que deberá pagar
la empresa por concepto de su deuda por SAC, SAF Y SAA. Construir el diagrama de flujo de efectivo.

Sistema de Amortización Contante (SAC)

Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Capital Interes Cuota Saldo
8,000,000 5 12% 0 $8,000,000.00
1 $8,000,000.00 $1,600,000.00 $960,000.00 $2,560,000.00 $6,400,000.00
2 $6,400,000.00 $1,600,000.00 $768,000.00 $2,368,000.00 $4,800,000.00
3 $4,800,000.00 $1,600,000.00 $576,000.00 $2,176,000.00 $3,200,000.00
4 $3,200,000.00 $1,600,000.00 $384,000.00 $1,984,000.00 $1,600,000.00
5 $1,600,000.00 $1,600,000.00 $192,000.00 $1,792,000.00 $0.00
$8,000,000.00 $2,880,000.00 $10,880,000.00

$8,000,000.00

1 2 3 4 5 Años

$2,560,000.00 $2,368,000.00 $2,176,000.00 $1,984,000.00 $1,792,000.00

 Sistema de Amortización Frances (SAF)
Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Interes Capital Cuota fija Saldo Final
8,000,000 5 12% 0 $8,000,000.00
1 $8,000,000.00 $960,000.00 $1,259,277.86 $2,219,277.86 $6,740,722.14
2 $6,740,722.14 $808,886.66 $1,410,391.20 $2,219,277.86 $5,330,330.95
3 $5,330,330.95 $639,639.71 $1,579,638.14 $2,219,277.86 $3,750,692.80
4 $3,750,692.80 $450,083.14 $1,769,194.72 $2,219,277.86 $1,981,498.09
5 $1,981,498.09 $237,779.77 $1,981,498.09 $2,219,277.86 $0.00
$3,096,389.28 $8,000,000.00 $11,096,389.28

$8,000,000.00

1 2 3 4 5 Años

$2,219,277.86 $2,219,277.86 $2,219,277.86 $2,219,277.86 $2,219,277.86

 Sistema de Amortización Frances (SAF)
Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Interes Capital Cuota Saldo Final
8,000,000 5 12% 0 $8,000,000.00
1 $8,000,000.00 $960,000.00 $960,000.00 $8,000,000.00
2 $8,000,000.00 $960,000.00 $960,000.00 $8,000,000.00
3 $8,000,000.00 $960,000.00 $960,000.00 $8,000,000.00
4 $8,000,000.00 $960,000.00 $960,000.00 $8,000,000.00

5 $8,000,000.00 $960,000.00 $8,000,000.00 $8,960,000.00 $0.00

$4,800,000.00 $8,000,000.00 $12,800,000.00

$8,000,000.00

1 2 3 4 5 Años

$960,000.00 $960,000.00 $960,000.00 $960,000.00

$8,960,000.00
 Ejercicio no.2. Periodo de gracia con pago de intereses
Una empresa toma un préstamo de $2,500,000 a un banco, amortizables en 5 años y con un interés del 9% anual bajo las siguientes condiciones; la empresa pagará la deuda
cuotas (prestaciones) de un mismo valor en todos los periodos, con un periodo de gracia de dos años. Determine la amortización anual que deberá pagar la empresa por
concepto de su deuda. Construir el diagrama de flujo de efectivo.
Valor del Prestamo $2,500,000.00
Interes (Anual) 9%
azo de amortizacion (Años) 5
Periodo de gracia (años) 2
Duraccion total (Años) 7
Valor a amortizar $2,500,000.00
Cuota Fija (Anual) $642,731.14
Sistema de Amortización Frances (SAF)
Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Interes Capital Cuota fija Saldo Final
2,500,000 7 9% 0 $2,500,000.00
1 $2,500,000.00 $225,000.00 $225,000.00 $2,500,000.00
2 $2,500,000.00 $225,000.00 $225,000.00 $2,500,000.00
3 $2,500,000.00 $225,000.00 $417,731.14 $642,731.14 $2,082,268.86
4 $2,082,268.86 $187,404.20 $455,326.95 $642,731.14 $1,626,941.91
5 $1,626,941.91 $146,424.77 $496,306.37 $642,731.14 $1,130,635.54
6 $1,130,635.54 $101,757.20 $540,973.94 $642,731.14 $589,661.60
7 $589,661.60 $53,069.54 $589,661.60 $642,731.14 $0.00
$1,163,655.71 $2,500,000.00 $3,663,655.71
$2,500,000.00

1 2 3 4 5 6 7 Años

$225,000.00 $225,000.00 $642,731.14 $642,731.14 $642,731.14 $642,731.14 $642,731.14

 Ejercicio no.3. Periodo de gracia sin pago de intereses
Una empresa toma un préstamo de $3,800,000 a un banco amortizables en 6 años y con un interés del 10% anual bajo las siguientes condiciones; la empresa
amortizará la deuda en valores constante en todos los periodos, con un periodo de gracia de tres años. Determine las prestaciones que deberá pagar la empresa
por concepto de su deuda. Construir el diagrama de flujo de efectivo.
Valor del Prestamo $3,800,000.00
Interes (Anual) 10%
azo de amortizacion (Años) 6
Periodo de gracia (años) 3
Duraccion total (Años) 9
Valor a amortizar $5,057,800.00
Cuota Fija (Anual) $1,161,308.21
Sistema de Amortización Frances (SAF)
Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Interes Capital Cuota fija Saldo Final
3,800,000 9 10% 0 $3,800,000.00
1 $3,800,000.00 $380,000.00 $380,000.00 $4,180,000.00
2 $4,180,000.00 $418,000.00 $418,000.00 $4,598,000.00
3 $4,598,000.00 $459,800.00 $459,800.00 $5,057,800.00
4 $5,057,800.00 $505,780.00 $655,528.21 $1,161,308.21 $4,402,271.79
5 $4,402,271.79 $440,227.18 $721,081.03 $1,161,308.21 $3,681,190.76
6 $3,681,190.76 $368,119.08 $793,189.13 $1,161,308.21 $2,888,001.63
3,800,000 7 $2,888,001.63 $288,800.16 $872,508.05 $1,161,308.21 $2,015,493.58
8 $2,015,493.58 $201,549.36 $959,758.85 $1,161,308.21 $1,055,734.73
9 $1,055,734.73 $105,573.47 $1,055,734.73 $1,161,308.21 $0.00
$2,860,726.42 $5,057,800.00 $8,225,649.25

1 2 3 4 5 6 7 8 9
Años

$380,000.00 $418,000.00 $459,800.00 $1,161,308.21 $1,161,308.21 $1,161,308.21 $1,161,308.21 $1,161,308.21 $1,161,308.21

 Sistema de Amortización Frances (SAF)
Prestamo Plazo (Años) Interes (anual) Periodo Saldo Inicial Interes Capital Cuota Saldo Final
43,591,800 25 12% 0 $5,557,953.18 $5,557,953.18 $43,591,800.00
1 $43,591,800.00 $5,231,016.00 $326,937.18 $5,557,953.18 $43,264,862.82
2 $43,264,862.82 $5,191,783.54 $366,169.65 $5,557,953.18 $42,898,693.17
3 $42,898,693.17 $5,147,843.18 $410,110.00 $5,557,953.18 $42,488,583.17
4 $42,488,583.17 $5,098,629.98 $459,323.20 $5,557,953.18 $42,029,259.96
5 $42,029,259.96 $5,043,511.20 $514,441.99 $5,557,953.18 $41,514,817.97
6 $41,514,817.97 $4,981,778.16 $576,175.03 $5,557,953.18 $40,938,642.95
7 $40,938,642.95 $4,912,637.15 $645,316.03 $5,557,953.18 $40,293,326.92
8 $40,293,326.92 $4,835,199.23 $722,753.95 $5,557,953.18 $39,570,572.96
9 $39,570,572.96 $4,748,468.76 $809,484.43 $5,557,953.18 $38,761,088.53
10 $38,761,088.53 $4,651,330.62 $906,622.56 $5,557,953.18 $37,854,465.97
11 $37,854,465.97 $4,542,535.92 $1,015,417.27 $5,557,953.18 $36,839,048.71
12 $36,839,048.71 $4,420,685.84 $1,137,267.34 $5,557,953.18 $35,701,781.37
13 $35,701,781.37 $4,284,213.76 $1,273,739.42 $5,557,953.18 $34,428,041.95
14 $34,428,041.95 $4,131,365.03 $1,426,588.15 $5,557,953.18 $33,001,453.80
15 $33,001,453.80 $3,960,174.46 $1,597,778.73 $5,557,953.18 $31,403,675.07
16 $31,403,675.07 $3,768,441.01 $1,789,512.18 $5,557,953.18 $29,614,162.90
17 $29,614,162.90 $3,553,699.55 $2,004,253.64 $5,557,953.18 $27,609,909.26
18 $27,609,909.26 $3,313,189.11 $2,244,764.07 $5,557,953.18 $25,365,145.19
19 $25,365,145.19 $3,043,817.42 $2,514,135.76 $5,557,953.18 $22,851,009.42
20 $22,851,009.42 $2,742,121.13 $2,815,832.05 $5,557,953.18 $20,035,177.37
21 $20,035,177.37 $2,404,221.28 $3,153,731.90 $5,557,953.18 $16,881,445.47
22 $16,881,445.47 $2,025,773.46 $3,532,179.73 $5,557,953.18 $13,349,265.74
23 $13,349,265.74 $1,601,911.89 $3,956,041.29 $5,557,953.18 $9,393,224.45
24 $9,393,224.45 $1,127,186.93 $4,430,766.25 $5,557,953.18 $4,962,458.20
25 $4,962,458.20 $595,494.98 $4,962,458.20 $5,557,953.18 $0.00
$95,357,029.60 $43,591,800.00 $138,948,829.60
 agará la deuda en
mpresa por