PLAZOS IGUALESLa empresa Maya S.A., ha decidido lanzar un nuevo
producto llamado Miel de Abeja Maya.Para este propsito es necesario
comprar maquinaria, hacer unos estudios y abastecer de materia
primala planta de produccin. Ha logrado conseguir dos crditos con
dos entidades financieras diferentes:Primer crdito: Con Bancolombia
por un monto de 80 millones de pesos, una tasa de inters del 1% mes
vencidocon el pago de cuotas mensuales iguales y un ao de plazo
para su pagoSegundo crdito: Con Helm Bank por un monto de 20
millones de pesos, una tasa de inters del 5% trimestrevencido y el
pago de cuotas trimestrales iguales y un ao de plazo para su
pago.La Gerente desea conocer cul es el costo de la deuda para el
ao en que van a tener contratados los dos crditos ypara cada uno de
los meses en que van a estar contratados los crditos.BancolombiaVA$
80,000,000.00i1%MVn12mesSaldo
InicialinteresescuotaamortizacionSaldo
Final180,000,000800,000$7,107,9036,307,90373,692,097273,692,097736,921$7,107,9036,370,98267,321,115367,321,115673,211$7,107,9036,434,69260,886,423460,886,423608,864$7,107,9036,499,03954,387,384554,387,384543,874$7,107,9036,564,02947,823,355647,823,355478,234$7,107,9036,629,67041,193,685741,193,685411,937$7,107,9036,695,96634,497,719834,497,719344,977$7,107,9036,762,92627,734,793927,734,793277,348$7,107,9036,830,55520,904,2381020,904,238209,042$7,107,9036,898,86114,005,3771114,005,377140,054$7,107,9036,967,8497,037,528127,037,52870,375$7,107,9037,037,52805,294,837HELM
BANKVA$ 20,000,000.00i5%TVCUOTA TRIMESTRAL
IGUALESn4TRIMESTRESCuota$5,640,237mesSaldo
InicialinteresescuotaamortizacionSaldo
Final120,000,0001,000,000$5,640,2374,640,23715,359,763215,359,763767,988$5,640,2374,872,24810,487,515310,487,515524,376$5,640,2375,115,8615,371,65445,371,654268,583$5,640,2375,371,6540.02,560,947mesSaldo
InicialinteresescuotaAbono a KSaldo
Final020,000,000120,000,00020,000,000220,000,00020,000,000320,000,0001,000,000$5,640,2374,640,23715,359,763415,359,76315,359,763515,359,76315,359,763615,359,763767,988$5,640,2374,872,24810,487,515710,487,51510,487,515810,487,51510,487,515910,487,515524,376$5,640,2375,115,8615,371,654105,371,6545,371,654115,371,6545,371,654125,371,654268,583$5,640,2375,371,6540.0respuestas
al ejercicioCosto mensual de los interes7,855,784costo
mensualmesInteres cr 1intereses Cr 2Costo
mensual1800,000800,0002736,921736,9213673,2111,000,0001,673,2114608,864608,8645543,874543,8746478,234767,9881,246,2227411,937411,9378344,977344,9779277,348524,376801,72410209,042209,04211140,054140,0541270,375268,583338,9587,855,784CONSOLIDADO
PARA EL CALCULO DE LA DEUDA USANDO PROMEDIOS PONDERADOSTIPmesSaldo
InicialinteresescuotaAbono a KSaldo FinalKD MensualF2CONTROL
ENTER1100,000,000800,0007,107,9036,307,90393,692,0970.80%MV293,692,097736,9217,107,9036,370,98287,321,1150.79%MV387,321,1151,673,21112,748,14011,074,92976,246,1861.92%MV476,246,186608,8647,107,9036,499,03969,747,1470.80%MV569,747,147543,8747,107,9036,564,02963,183,1180.78%MV663,183,1181,246,22212,748,14011,501,91851,681,2001.97%MV751,681,200411,9377,107,9036,695,96644,985,2340.80%MV844,985,234344,9777,107,9036,762,92638,222,3080.77%MV938,222,308801,72412,748,14011,946,41626,275,8922.10%MV1026,275,892209,0427,107,9036,898,86119,377,0310.80%MV1119,377,031140,0547,107,9036,967,84912,409,1820.72%MV1212,409,182338,95812,748,14012,409,18202.73%MV7,855,784107,855,784100,000,00014.96%NAMVcomo
hallo al nominal anual mes vencido16.04%EAsolo se suman la
periodicas MV
PLAZOS DIFERENTESEl Gerente del motel "El ltimo Suspiro", ha
decido ampliar las zonas de esparcimiento para sus clientespara lo
cual, de acuerdo al presupuesto dado por el arquitecto, se
necesitan 200 millones de pesos.El gerente financiero logr adquirir
dos crditos para suplir esta necesidad, pero sus plazos son
diferentes:Primer Crdito: Con el BBVA por un monto de 140 millones
de pesos, con cuotas mensuales iguales,tasa de inters del 0,95%
mensual vencido y un plazo de ao y medio.Segundo Crdito: Con
Davivienda por un monto de 60 millones de pesos, con cuotas
trimestrales igualestasa de inters del 5,8% trimestral vencido con
un plazo de dos aos.El Gerente desea conocer cul va a ser el costo
de los recursos externos al finalizar el primer y segundoao y para
cada uno de los meses en que estn contratados los crditos.BBVAVA$
140,000,000i0.95%MVn18Cuota$8,498,518mesSaldo
InicialinteresescuotaamortizacionSaldo
Final1140,000,0001,330,000$8,498,5187,168,518132,831,4822132,831,4821,261,899$8,498,5187,236,619125,594,8633125,594,8631,193,151$8,498,5187,305,367118,289,4964118,289,4961,123,750$8,498,5187,374,768110,914,7295110,914,7291,053,690$8,498,5187,444,828103,469,9016103,469,901982,964$8,498,5187,515,55495,954,347795,954,347911,566$8,498,5187,586,95288,367,395888,367,395839,490$8,498,5187,659,02880,708,367980,708,367766,729$8,498,5187,731,78872,976,5791072,976,579693,278$8,498,5187,805,24065,171,3391165,171,339619,128$8,498,5187,879,39057,291,9481257,291,948544,274$8,498,5187,954,24449,337,7041349,337,704468,708$8,498,5188,029,81041,307,8941441,307,894392,425$8,498,5188,106,09333,201,8011533,201,801315,417$8,498,5188,183,10125,018,7001625,018,700237,678$8,498,5188,260,84016,757,8601716,757,860159,200$8,498,5188,339,3188,418,542188,418,54279,976$8,498,5188,418,542-0DAVIVIENDAVA$
60,000,000i5.80%TVn8Cuota$9,585,817mesSaldo
InicialinteresescuotaamortizacionSaldo
Final060,000,000160,000,00060,000,000260,000,00060,000,000360,000,0003,480,000$9,585,8176,105,81753,894,183453,894,18353,894,183553,894,18353,894,183653,894,1833,125,863$9,585,8176,459,95547,434,228747,434,22847,434,228847,434,22847,434,228947,434,2282,751,185$9,585,8176,834,63240,599,5961040,599,59640,599,5961140,599,59640,599,5961240,599,5962,354,777$9,585,8177,231,04133,368,5551333,368,55533,368,5551433,368,55533,368,5551533,368,5551,935,376$9,585,8177,650,44125,718,1141625,718,11425,718,1141725,718,11425,718,1141825,718,1141,491,651$9,585,8178,094,16717,623,9471917,623,94717,623,9472017,623,94717,623,9472117,623,9471,022,189$9,585,8178,563,6289,060,319229,060,3199,060,319239,060,3199,060,319249,060,319525,498$9,585,8179,060,3190.0CONSOLIDADOmesSaldo
InicialinteresescuotaamortizacionSaldo FinalKD
Mensual1200,000,0001,330,0008,498,5187,168,518192,831,4820.67%MV2192,831,4821,261,8998,498,5187,236,619185,594,8630.65%MV3185,594,8634,673,15118,084,33513,411,184172,183,6792.52%MV4172,183,6791,123,7508,498,5187,374,768164,808,9110.65%MV5164,808,9111,053,6908,498,5187,444,828157,364,0830.64%MV6157,364,0834,108,82718,084,33513,975,509143,388,5752.61%MV7143,388,575911,5668,498,5187,586,952135,801,6230.64%MV8135,801,623839,4908,498,5187,659,028128,142,5950.62%MV9128,142,5953,517,91518,084,33514,566,421113,576,1752.75%MV10113,576,175693,2788,498,5187,805,240105,770,9340.61%MV11105,770,934619,1288,498,5187,879,39097,891,5440.59%MVCALCULO
POR AO
11297,891,5442,899,05018,084,33515,185,28582,706,2592.96%MV15.90%NAMV1382,706,259468,7088,498,5188,029,81074,676,4490.57%MV17.11%EACOSTO
DE LA DEUDA AO
11474,676,449392,4258,498,5188,106,09366,570,3560.53%MV1566,570,3562,250,79318,084,33515,833,54250,736,8143.38%MV1650,736,814237,6788,498,5188,260,84042,475,9740.47%MV1742,475,974159,2008,498,5188,339,31834,136,6560.37%MV1834,136,6561,571,62718,084,33516,512,70917,623,9474.60%MV1917,623,94717,623,9470.00%MV2017,623,94717,623,9470.00%MV2117,623,9471,022,189$9,585,8178,563,6289,060,3195.80%MV229,060,3199,060,3190.00%MV239,060,3199,060,3190.00%MVCALCULO
POR AO
2249,060,319525,498$9,585,8179,060,319-05.80%MV21.52%NAMV29,659,862229,659,862200,000,00037.42%NAMV23.78%EACOSTO
DE LA DEUDA AO 244.96%
EJERCICION DE WORDUNIVERSIDAD EANESPECIALIZACIN EN GERENCIA
FINANCIERAFORMULACIN Y EVALUACIN DE PROYECTOSEjercicios Costo de la
Deuda.1. Hallar el KD por ao para financiar el proyecto PKS que
requiere dos crditos con las siguientes condiciones:a. Primer
crdito: $70 millones, plazo de 5 aos, forma de pago en cuotas
anuales iguales, con las siguientes tasas de inters: 20% anual S.V.
para los dos primeros aos y 24% anual S.A. para los tres ltimos
aos.se usa la funcion BUSCAR OBJETIVO DE EXCELb. Segundo crdito:
$120 millones, plazo 4 aos, forma de pago en cuotas anuales
iguales, con las siguientes tasas de inters: 18% anual T.V. para el
primer ao y 22% anual T.V. para los tres ltimos aos.a. Elabore la
tabla de amortizacin de la deuda.b. Elabore el costo promedio de la
deuda (Kd) para la empresa PKS.2. La empresa "Faroe" decide, que
para realizar su proyecto de expansin de planta es necesario
contratar deuda. Para tal efecto toma dos crditos. El primero de
ellos con BBVA por un valor de 400 millones de pesos. El plazo de
dicha deuda es de 6 aos, con pagos o cuotas anuales iguales. La
tasa convenida con el banco fue de 26% Trimestre vencido para los
primeros dos aos, 22% semestre anticipado para el ao 3 y 4, y 16%
Efectiva anual para los dos ltimos.El segundo crdito que toma lo
hace con Bancolombia, por un valor de 600 millones de pesos. El
plazo de este crdito es de 5 aos, con cuotas anuales iguales. La
tasa convenida con el banco fue de 21% Semestre anticipado para los
dos primeros aos, 18% trimestre vencido para el ao 3, y 15%
Bimensual anticipada para los dos ltimos.a. Elabore la tabla de
amortizacin de la deuda.b. Elabore el costo promedio de la deuda
(Kd) para la empresa Faroe.PUNTO 1 aVA$
70,000,000iMVn5AOSCUOTABuscar ObjetivoEn el menu de datos,en la
opcion de analisis Y si, la opcion buscar objetivo, en la tabla le
coloco que laultima celda debe dar cero(0) porque quiero que se
pague el credito y la celda que debe cambiar es ls de la cuota que
me invente.PeriodoTasa nominalDebo converti los que no sean
E.A.PASO A SEM VENCIDOCALCULO LA E.A.mesSaldo
InicialinteresescuotaamortizacionSaldo
Final120%NASV21.00%E.A.21.00%E.A.170,000,00014,700,000$25,314,81110,614,81159,385,189220%NASV21%E.A.21.00%E.A.259,385,18912,470,890$25,314,81112,843,92246,541,267324%NASA12%S.A.13.64%S.V.29.13%E.A.346,541,26713,558,510$25,314,81111,756,30234,784,965424%NASA12%S.A.13.64%S.V.29.13%E.A.434,784,96510,133,636$25,314,81115,181,17519,603,790524%NASA12%S.A.13.64%S.V.29.13%E.A.519,603,7905,711,021$25,314,81119,603,7900.027.27%NASVPUNTO
1 bVA$ 120,000,000iMVn4AOSCUOTAPeriodoTasa nominalDebo converti los
que no sean E.A.mesSaldo InicialinteresescuotaamortizacionSaldo
Final118%NATV19.25%E.A.1120,000,00023,102,232$47,943,70524,841,47395,158,527222%NATV23.88%E.A.295,158,52722,726,202$47,943,70525,217,50369,941,025322%NATV23.88%E.A.369,941,02516,703,641$47,943,70531,240,06438,700,961422%NATV23.88%E.A.438,700,9619,242,744$47,943,70538,700,9610.0LEER
EL CAPITULO 3Y5REPASAR LO QUE SE VIO HOYCONSOLIDADOmesSaldo
InicialinteresescuotaamortizacionSaldo
Final1190,000,00037,802,23273,258,51635,456,284154,543,7162154,543,71635,197,09273,258,51638,061,424116,482,2923116,482,29230,262,15073,258,51642,996,36673,485,926473,485,92619,376,38073,258,51653,882,13619,603,790519,603,7905,711,021$25,314,81119,603,7900.0
QuiizPopularVA$
192,500,000i12.00%NAMV1%MVn36Cuotacuota$6,393,754.64mesSaldo
InicialinteresescuotaamortizacionSaldo
Final1192,500,0001,925,000$6,393,7554,468,755188,031,2452188,031,2451,880,312$6,393,7554,513,442183,517,8033183,517,8031,835,178$6,393,7554,558,577178,959,2274178,959,2271,789,592$6,393,7554,604,162174,355,0645174,355,0641,743,551$6,393,7554,650,204169,704,8606169,704,8601,697,049$6,393,7554,696,706165,008,1547165,008,1541,650,082$6,393,7554,743,673160,264,4818160,264,4811,602,645$6,393,7554,791,110155,473,3719155,473,3711,554,734$6,393,7554,839,021150,634,35010150,634,3501,506,344$6,393,7554,887,411145,746,93911145,746,9391,457,469$6,393,7554,936,285140,810,65412140,810,6541,408,107$6,393,7554,985,648135,825,00613135,825,0061,358,250$6,393,7555,035,505130,789,50114130,789,5011,307,895$6,393,7555,085,860125,703,64215125,703,6421,257,036$6,393,7555,136,718120,566,92316120,566,9231,205,669$6,393,7555,188,085115,378,83817115,378,8381,153,788$6,393,7555,239,966110,138,87218110,138,8721,101,389$6,393,7555,292,366104,846,50619104,846,5061,048,465$6,393,7555,345,29099,501,2162099,501,216995,012$6,393,7555,398,74294,102,4742194,102,474941,025$6,393,7555,452,73088,649,7442288,649,744886,497$6,393,7555,507,25783,142,4872383,142,487831,425$6,393,7555,562,33077,580,1572477,580,157775,802$6,393,7555,617,95371,962,2042571,962,204719,622$6,393,7555,674,13366,288,0712666,288,071662,881$6,393,7555,730,87460,557,1972760,557,197605,572$6,393,7555,788,18354,769,0152854,769,015547,690$6,393,7555,846,06448,922,9502948,922,950489,230$6,393,7555,904,52543,018,4253043,018,425430,184$6,393,7555,963,57037,054,8553137,054,855370,549$6,393,7556,023,20631,031,6493231,031,649310,316$6,393,7556,083,43824,948,2103324,948,210249,482$6,393,7556,144,27318,803,9383418,803,938188,039$6,393,7556,205,71512,598,2233512,598,223125,982$6,393,7556,267,7726,330,450366,330,45063,305$6,393,7556,330,4500CITY30
MES10VA$
202,900,000i12.00%NATV3%TVn10Cuotacuota$23,786,069.79mesSaldo
InicialinteresescuotaamortizacionSaldo
Final0202,900,0001202,900,000202,900,0002202,900,000202,900,0003202,900,0006,087,000$23,786,07017,699,070185,200,9304185,200,930185,200,9305185,200,930185,200,9306185,200,9305,556,028$23,786,07018,230,042166,970,8887166,970,888166,970,8888166,970,888166,970,8889166,970,8885,009,127$23,786,07018,776,943148,193,94510148,193,945148,193,94511148,193,945148,193,94512148,193,9454,445,818$23,786,07019,340,251128,853,69413128,853,694128,853,69414128,853,694128,853,69415128,853,6943,865,611$23,786,07019,920,459108,933,23516108,933,235108,933,23517108,933,235108,933,23518108,933,2353,267,997$23,786,07020,518,07388,415,1621988,415,16288,415,1622088,415,16288,415,1622188,415,1622,652,455$23,786,07021,133,61567,281,5472267,281,54767,281,5472367,281,54767,281,5472467,281,5472,018,446$23,786,07021,767,62345,513,9242545,513,92445,513,9242645,513,92445,513,9242745,513,9241,365,418$23,786,07022,420,65223,093,2722823,093,27223,093,2722923,093,27223,093,2723023,093,272692,798$23,786,07023,093,2720.0CONSOLIDADOmesSaldo
InicialinteresescuotaamortizacionSaldo FinalKD
Mensual1395,400,0001,925,0006,393,7554,468,755390,931,2450.49%2390,931,2451,880,3126,393,7554,513,442386,417,8030.48%3386,417,8037,922,17830,179,82422,257,646364,160,1572.05%4364,160,1571,789,5926,393,7554,604,162359,555,9940.49%5359,555,9941,743,5516,393,7554,650,204354,905,7900.48%6354,905,7907,253,07730,179,82422,926,748331,979,0422.04%7331,979,0421,650,0826,393,7554,743,673327,235,3690.50%8327,235,3691,602,6456,393,7554,791,110322,444,2600.49%9322,444,2606,563,86030,179,82423,615,964298,828,2952.04%10298,828,2951,506,3446,393,7554,887,411293,940,8840.50%11293,940,8841,457,4696,393,7554,936,285289,004,5990.50%CALCULO
POR AO
112289,004,5995,853,92530,179,82424,325,900264,678,7002.03%12.09%NAMV13264,678,7001,358,2506,393,7555,035,505259,643,1950.51%12.78%EACOSTO
DE LA DEUDA AO
114259,643,1951,307,8956,393,7555,085,860254,557,3350.50%15254,557,3355,122,64730,179,82425,057,177229,500,1582.01%16229,500,1581,205,6696,393,7555,188,085224,312,0730.53%17224,312,0731,153,7886,393,7555,239,966219,072,1070.51%18219,072,1074,369,38630,179,82425,810,439193,261,6681.99%19193,261,6681,048,4656,393,7555,345,290187,916,3780.54%20187,916,378995,0126,393,7555,398,742182,517,6360.53%21182,517,6363,593,48030,179,82426,586,345155,931,2911.97%22155,931,291886,4976,393,7555,507,257150,424,0340.57%23150,424,034831,4256,393,7555,562,330144,861,7040.55%CALCULO
POR AO
224144,861,7042,794,24830,179,82427,385,576117,476,1281.93%12.15%NAMV25117,476,128719,6226,393,7555,674,133111,801,9950.61%12.85%EACOSTO
DE LA DEUDA AO
226111,801,995662,8816,393,7555,730,874106,071,1210.59%27106,071,1211,970,99030,179,82428,208,83577,862,2861.86%2877,862,286547,6906,393,7555,846,06472,016,2220.70%2972,016,222489,2306,393,7555,904,52566,111,6970.68%3066,111,6971,122,98230,179,82429,056,84237,054,8551.70%3137,054,855370,5496,393,7556,023,20631,031,6491.00%3231,031,649310,3166,393,7556,083,43824,948,2101.00%3324,948,210249,4826,393,7556,144,27318,803,9381.00%3418,803,938188,0396,393,7556,205,71512,598,2231.00%CALCULO
POR AO
23512,598,223125,9826,393,7556,267,7726,330,4501.00%12.15%NAMV366,330,45063,3056,393,7556,330,45001.00%12.84%EACOSTO
DE LA DEUDA AO 2